Exencial Wealth Advisors LLC lowered its stake in shares of EOG Resources Inc (NYSE:EOG) by 2.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 46,984 shares of the energy exploration company’s stock after selling 938 shares during the period. EOG Resources makes up approximately 1.4% of Exencial Wealth Advisors LLC’s investment portfolio, making the stock its 15th largest position. Exencial Wealth Advisors LLC’s holdings in EOG Resources were worth $5,994,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. IFM Investors Pty Ltd lifted its holdings in EOG Resources by 45.4% during the 2nd quarter. IFM Investors Pty Ltd now owns 26,178 shares of the energy exploration company’s stock worth $3,257,000 after buying an additional 8,178 shares in the last quarter. KAMES CAPITAL plc lifted its holdings in EOG Resources by 3.7% during the 2nd quarter. KAMES CAPITAL plc now owns 1,079,778 shares of the energy exploration company’s stock worth $134,378,000 after buying an additional 38,827 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in EOG Resources by 18.3% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 10,330 shares of the energy exploration company’s stock worth $1,285,000 after buying an additional 1,600 shares in the last quarter. Cobiz Wealth LLC acquired a new stake in EOG Resources during the 2nd quarter worth approximately $7,754,000. Finally, State of Alaska Department of Revenue lifted its holdings in EOG Resources by 20.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 85,269 shares of the energy exploration company’s stock worth $10,608,000 after buying an additional 14,470 shares in the last quarter. 86.24% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Charles R. Crisp sold 1,792 shares of EOG Resources stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $116.80, for a total transaction of $209,305.60. Following 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 hyperlink. Also, CEO William R. Thomas sold 57,065 shares of EOG Resources stock in a transaction on Friday, August 10th. The stock was sold at an average price of $122.36, for a total transaction of $6,982,473.40. Following the sale, the chief executive officer now owns 755,519 shares in the company, valued at $92,445,304.84. The disclosure for this sale can be found here. Insiders have sold a total of 61,346 shares of company stock worth $7,508,977 over the last quarter. 0.51% of the stock is owned by company insiders.
Shares of NYSE:EOG opened at $107.33 on Wednesday. EOG Resources Inc has a 12 month low of $96.54 and a 12 month high of $133.53. The company has a current ratio of 1.09, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28. The firm has a market cap of $59.35 billion, a P/E ratio of 95.83, a P/E/G ratio of 1.13 and a beta of 1.16.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, November 2nd. The energy exploration company reported $1.75 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the business earned $0.19 EPS. EOG Resources’s revenue for the quarter was up 80.8% compared to the same quarter last year. Equities analysts expect that EOG Resources Inc will post 5.93 EPS for the current fiscal year.
A number of equities research analysts have issued reports on EOG shares. Raymond James reduced their target price on shares of EOG Resources from $162.00 to $145.00 and set an “outperform” rating on the stock in a report on Tuesday. Mizuho assumed coverage on shares of EOG Resources in a report on Monday, July 23rd. They issued a “buy” rating and a $173.00 price objective on the stock. Royal Bank of Canada set a $142.00 price objective on shares of EOG Resources and gave the company a “hold” rating in a report on Thursday, September 20th. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a report on Tuesday, October 16th. Finally, ValuEngine upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday, September 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the stock. EOG Resources presently has an average rating of “Buy” and an average price target of $139.13.
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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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