Smith Salley & Associates boosted its holdings in shares of EOG Resources Inc (NYSE:EOG) by 4.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,396 shares of the energy exploration company’s stock after acquiring an additional 1,848 shares during the period. Smith Salley & Associates’ holdings in EOG Resources were worth $6,175,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. NuWave Investment Management LLC lifted its holdings in EOG Resources by 2,366.7% during the third quarter. NuWave Investment Management LLC now owns 1,184 shares of the energy exploration company’s stock worth $151,000 after acquiring an additional 1,136 shares in the last quarter. Transamerica Financial Advisors Inc. bought a new position in EOG Resources during the second quarter worth about $158,000. ELM Advisors LLC bought a new position in EOG Resources during the third quarter worth about $162,000. Kaizen Advisory LLC lifted its holdings in EOG Resources by 133.6% during the second quarter. Kaizen Advisory LLC now owns 1,301 shares of the energy exploration company’s stock worth $162,000 after acquiring an additional 744 shares in the last quarter. Finally, Alpha Windward LLC bought a new position in EOG Resources during the second quarter worth about $193,000. Hedge funds and other institutional investors own 86.24% of the company’s stock.
Shares of EOG Resources stock opened at $105.51 on Friday. The stock has a market capitalization of $63.30 billion, a PE ratio of 94.21, a PEG ratio of 1.29 and a beta of 1.16. EOG Resources Inc has a one year low of $96.54 and a one year high of $133.53. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 1.09.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, November 2nd. The energy exploration company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.19. The company had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.20 billion. EOG Resources had a return on equity of 16.79% and a net margin of 30.90%. The company’s quarterly revenue was up 80.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 earnings per share. Analysts predict that EOG Resources Inc will post 5.97 earnings per share for the current fiscal year.
Several research analysts have weighed in on EOG shares. Raymond James reduced their target price on EOG Resources from $162.00 to $145.00 and set an “outperform” rating on the stock in a report on Tuesday. Mizuho started coverage on EOG Resources in a report on Monday, July 23rd. They set a “buy” rating and a $173.00 target price on the stock. Royal Bank of Canada set a $142.00 target price on EOG Resources and gave the stock a “hold” rating in a report on Thursday, September 20th. Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a report on Tuesday, October 16th. Finally, ValuEngine upgraded EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday, September 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the stock. EOG Resources presently has a consensus rating of “Buy” and a consensus target price of $139.13.
In related news, 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 value of $209,305.60. Following the sale, the director now owns 49,741 shares of the company’s stock, valued at $5,809,748.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $317,198.16. Following the completion of the sale, the executive vice president now directly owns 74,807 shares in the company, valued at approximately $9,533,404.08. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.
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.
Further Reading: What are trading strategies for the 52-week high/low?
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.