Cedar Hill Associates LLC reduced its position in EOG Resources, Inc. (NYSE:EOG) by 6.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,949 shares of the energy exploration company’s stock after selling 9,216 shares during the quarter. EOG Resources comprises about 2.1% of Cedar Hill Associates LLC’s holdings, making the stock its 16th biggest holding. Cedar Hill Associates LLC’s holdings in EOG Resources were worth $12,087,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Baker Ellis Asset Management LLC purchased a new stake in EOG Resources in the third quarter valued at approximately $101,000. Winfield Associates Inc. raised its stake in EOG Resources by 1.7% in the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock valued at $103,000 after purchasing an additional 19 shares in the last quarter. First Personal Financial Services raised its stake in EOG Resources by 53.6% in the second quarter. First Personal Financial Services now owns 1,372 shares of the energy exploration company’s stock valued at $124,000 after purchasing an additional 479 shares in the last quarter. Fis Group Inc. purchased a new stake in EOG Resources in the third quarter valued at approximately $130,000. Finally, Pinnacle Financial Partners Inc. purchased a new stake in EOG Resources in the second quarter valued at approximately $143,000. Institutional investors own 86.20% of the company’s stock.
Several research firms have commented on EOG. Stifel Nicolaus set a $106.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research note on Thursday, October 5th. BMO Capital Markets set a $105.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Robert W. Baird set a $114.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research note on Thursday, October 12th. Morgan Stanley set a $116.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $106.00 price target on shares of EOG Resources in a research note on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $109.42.
In related news, EVP David W. Trice sold 3,114 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $106.65, for a total value of $332,108.10. Following the transaction, the executive vice president now owns 80,415 shares in the company, valued at approximately $8,576,259.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles R. Crisp sold 3,411 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.03, for a total transaction of $330,969.33. Following the completion of the transaction, the director now owns 53,196 shares in the company, valued at approximately $5,161,607.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 153,692 shares of company stock worth $3,717,390. 0.53% of the stock is currently owned by company insiders.
Shares of EOG Resources, Inc. (NYSE:EOG) opened at $100.39 on Monday. EOG Resources, Inc. has a fifty-two week low of $81.99 and a fifty-two week high of $109.37. The company has a market cap of $58,050.00, a price-to-earnings ratio of 244.85, a PEG ratio of 13.24 and a beta of 0.98. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46.
EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.07. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The company’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.40) EPS. sell-side analysts forecast that EOG Resources, Inc. will post 0.84 earnings per share for the current year.
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About EOG Resources
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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