Griffin Asset Management Inc. acquired a new position in EOG Resources, Inc. (NYSE:EOG) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,770 shares of the energy exploration company’s stock, valued at approximately $1,719,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. WINTON GROUP Ltd raised its holdings in EOG Resources by 87.9% in the second quarter. WINTON GROUP Ltd now owns 8,859 shares of the energy exploration company’s stock worth $802,000 after purchasing an additional 4,144 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of EOG Resources during the third quarter valued at $4,649,000. Wendell David Associates Inc. increased its holdings in shares of EOG Resources by 4.2% during the third quarter. Wendell David Associates Inc. now owns 14,910 shares of the energy exploration company’s stock valued at $1,442,000 after acquiring an additional 600 shares in the last quarter. Usca Ria LLC increased its holdings in shares of EOG Resources by 232.2% during the second quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock valued at $1,417,000 after acquiring an additional 10,939 shares in the last quarter. Finally, Aperio Group LLC increased its holdings in shares of EOG Resources by 6.9% during the third quarter. Aperio Group LLC now owns 263,616 shares of the energy exploration company’s stock valued at $25,502,000 after acquiring an additional 17,107 shares in the last quarter. Institutional investors and hedge funds own 86.20% of the company’s stock.
Several equities analysts have recently weighed in on EOG shares. Stifel Nicolaus set a $106.00 price target on EOG Resources and gave the company a “buy” rating in a report on Thursday, October 5th. BMO Capital Markets set a $105.00 price target on EOG Resources and gave the company a “buy” rating in a report on Tuesday, October 10th. Robert W. Baird set a $114.00 price target on EOG Resources and gave the company a “buy” rating in a report on Thursday, October 12th. Morgan Stanley set a $116.00 price target on EOG Resources and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $106.00 price target on shares of EOG Resources in a report on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $109.33.
Shares of EOG Resources, Inc. (EOG) traded up $0.82 during trading hours on Tuesday, reaching $101.21. The company’s stock had a trading volume of 1,946,800 shares, compared to its average volume of 3,080,763. The stock has a market capitalization of $58,047.42, a PE ratio of 244.85, a price-to-earnings-growth ratio of 13.24 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. EOG Resources, Inc. has a fifty-two week low of $81.99 and a fifty-two week high of $109.37.
EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.59 billion. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period last year, the firm posted ($0.40) earnings per share. equities analysts forecast that EOG Resources, Inc. will post 0.84 earnings per share for the current year.
In other EOG Resources news, EVP Michael P. Donaldson sold 6,167 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.50, for a total value of $601,282.50. Following the transaction, the executive vice president now directly owns 74,316 shares of the company’s stock, valued at $7,245,810. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary L. Thomas sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $96.63, for a total value of $2,415,750.00. Following the completion of the transaction, the insider now directly owns 1,067,465 shares in the company, valued at $103,149,142.95. The disclosure for this sale can be found here. Insiders sold 153,692 shares of company stock worth $3,717,390 over the last three months. Insiders own 0.53% of the company’s stock.
EOG Resources Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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