Bridgewater Associates LP decreased its position in EOG Resources Inc (NYSE:EOG) by 37.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,901 shares of the energy exploration company’s stock after selling 17,835 shares during the quarter. Bridgewater Associates LP’s holdings in EOG Resources were worth $3,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. NuWave Investment Management LLC increased its position in shares of EOG Resources by 2,366.7% during the 3rd quarter. NuWave Investment Management LLC now owns 1,184 shares of the energy exploration company’s stock valued at $151,000 after purchasing an additional 1,136 shares during the last quarter. ELM Advisors LLC bought a new position in shares of EOG Resources during the 3rd quarter valued at approximately $162,000. Sun Life Financial INC increased its position in shares of EOG Resources by 464.4% during the 2nd quarter. Sun Life Financial INC now owns 1,569 shares of the energy exploration company’s stock valued at $195,000 after purchasing an additional 1,291 shares during the last quarter. Bridgeway Capital Management Inc. bought a new position in shares of EOG Resources during the 3rd quarter valued at approximately $202,000. Finally, Coho Partners Ltd. bought a new position in shares of EOG Resources during the 3rd quarter valued at approximately $203,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.
In other EOG Resources news, Director Charles R. Crisp sold 1,792 shares of the company’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $116.80, for a total value of $209,305.60. Following the completion of the sale, the director now directly owns 49,741 shares in the company, valued at approximately $5,809,748.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David W. Trice sold 2,489 shares of the company’s stock in a transaction on Friday, September 28th. The stock was 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 owns 74,807 shares of the company’s stock, valued at $9,533,404.08. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by corporate insiders.
Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Piper Jaffray Companies set a $138.00 target price on EOG Resources and gave the company a “buy” rating in a research report on Sunday, September 30th. Morgan Stanley cut their target price on EOG Resources from $128.00 to $122.00 and set a “hold” rating on the stock in a research report on Thursday, August 16th. Wells Fargo & Co started coverage on EOG Resources in a research report on Wednesday, October 24th. They set a “market perform” rating and a $154.00 target price on the stock. Finally, ValuEngine cut EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $137.61.
EOG opened at $103.31 on Monday. EOG Resources Inc has a 52-week low of $96.54 and a 52-week high of $133.53. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.09 and a quick ratio of 0.92. The firm has a market cap of $59.91 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 1.22 and a beta of 1.20.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.19. EOG Resources had a return on equity of 16.79% and a net margin of 30.90%. The company had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the previous year, the business earned $0.19 EPS. EOG Resources’s revenue was up 80.8% compared to the same quarter last year. As a group, research analysts forecast that EOG Resources Inc will post 5.94 earnings per share for the current fiscal year.
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EOG Resources Profile
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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