Assenagon Asset Management S.A. decreased its position in EOG Resources Inc (NYSE:EOG) by 89.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,651 shares of the energy exploration company’s stock after selling 98,805 shares during the period. Assenagon Asset Management S.A.’s holdings in EOG Resources were worth $1,486,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. NuWave Investment Management LLC boosted its holdings in shares of EOG Resources by 2,366.7% in the third quarter. NuWave Investment Management LLC now owns 1,184 shares of the energy exploration company’s stock valued at $151,000 after acquiring an additional 1,136 shares in the last quarter. Transamerica Financial Advisors Inc. purchased a new stake in shares of EOG Resources in the second quarter valued at about $158,000. Kaizen Advisory LLC boosted its holdings in shares of EOG Resources by 133.6% in the second quarter. Kaizen Advisory LLC now owns 1,301 shares of the energy exploration company’s stock valued at $162,000 after acquiring an additional 744 shares in the last quarter. ELM Advisors LLC purchased a new stake in shares of EOG Resources in the third quarter valued at about $162,000. Finally, Alpha Windward LLC purchased a new stake in shares of EOG Resources in the second quarter valued at about $193,000. 86.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE EOG opened at $105.51 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.09 and a debt-to-equity ratio of 0.28. EOG Resources Inc has a 52 week low of $96.54 and a 52 week high of $133.53. The stock has a market capitalization of $62.24 billion, a P/E ratio of 94.21, a P/E/G ratio of 1.27 and a beta of 1.16.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, November 2nd. The energy exploration company reported $1.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.19. EOG Resources had a net margin of 30.90% and a return on equity of 16.79%. The firm had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter last year, the business earned $0.19 earnings per share. The business’s revenue for the quarter was up 80.8% compared to the same quarter last year. As a group, research analysts anticipate that EOG Resources Inc will post 5.97 EPS for the current fiscal year.
Several analysts have recently weighed in on EOG shares. Jefferies Financial Group set a $122.00 target price on shares of EOG Resources and gave the company a “hold” rating in a report on Wednesday, July 18th. Stifel Nicolaus downgraded shares of EOG Resources to a “hold” rating and set a $148.00 target price on the stock. in a report on Thursday, July 19th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $143.00 target price on shares of EOG Resources in a report on Friday, July 20th. Cowen set a $125.00 target price on shares of EOG Resources and gave the company a “hold” rating in a report on Thursday, July 19th. Finally, Mizuho started coverage on shares of EOG Resources in a report on Monday, July 23rd. They issued a “buy” rating and a $173.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company. EOG Resources has a consensus rating of “Buy” and a consensus target price of $139.13.
In other EOG Resources news, EVP David W. Trice sold 2,489 shares of EOG Resources stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $127.44, for a total transaction of $317,198.16. Following the completion of the transaction, the executive vice president now owns 74,807 shares in the company, valued at $9,533,404.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 1,792 shares of EOG Resources stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $116.80, for a total transaction of $209,305.60. Following the transaction, the director now owns 49,741 shares of the company’s stock, valued at approximately $5,809,748.80. The disclosure for this sale can be found here. 0.51% of the stock is owned by company insiders.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.
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