Oppenheimer Asset Management Slashes Stakes in Las Vegas Sands and EOG Resources

Key Facts

Oppenheimer & Co. Inc. has further reduced its exposure to the energy sector, selling 25,336 shares of EOG Resources, Inc., leaving its remaining stake valued at $3.56 million. This institutional divestment coincides with significant insider selling, as CFO Ann D. Janssen and COO Jeffrey R. Leitzell offloaded shares totaling over $2.5 million within the last 90 days. These moves follow Oppenheimer's earlier 39.9% stake reduction in Las Vegas Sands, which occurred alongside a $3.29 million share sale by its CEO. Despite the selling pressure, EOG Resources maintains a 'Moderate Buy' consensus rating with an average analyst price target of $153.68. The alignment of institutional trimming and executive liquidations suggests a cautious near-term stance even as analysts maintain a positive long-term valuation.

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