Piedmont Investment Advisors LLC Raises Stake in EOG Resources, Inc. (EOG)

Piedmont Investment Advisors LLC lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,461 shares of the energy exploration company’s stock after acquiring an additional 1,146 shares during the period. Piedmont Investment Advisors LLC’s holdings in EOG Resources were worth $12,040,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. WINTON GROUP Ltd increased its position in shares of EOG Resources by 87.9% during the second quarter. WINTON GROUP Ltd now owns 8,859 shares of the energy exploration company’s stock worth $802,000 after acquiring an additional 4,144 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in EOG Resources during the third quarter worth $4,649,000. Wendell David Associates Inc. boosted its holdings in EOG Resources by 4.2% during the third quarter. Wendell David Associates Inc. now owns 14,910 shares of the energy exploration company’s stock worth $1,442,000 after purchasing an additional 600 shares during the last quarter. Usca Ria LLC boosted its holdings in EOG Resources by 232.2% during the second quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock worth $1,417,000 after purchasing an additional 10,939 shares during the last quarter. Finally, Aperio Group LLC boosted its holdings in EOG Resources by 6.9% during the third quarter. Aperio Group LLC now owns 263,616 shares of the energy exploration company’s stock worth $25,502,000 after purchasing an additional 17,107 shares during the last quarter. 86.20% of the stock is owned by institutional investors.

Several research analysts recently commented on EOG shares. Jefferies Group restated a “hold” rating and set a $101.00 target price on shares of EOG Resources in a report on Wednesday, August 16th. BidaskClub cut shares of EOG Resources from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Morgan Stanley upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $97.00 to $106.00 in a report on Tuesday, September 12th. Finally, Piper Jaffray Companies reduced their target price on shares of EOG Resources from $109.00 to $94.00 and set an “overweight” rating for the company in a report on Monday, September 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $109.33.

In other news, EVP David W. Trice sold 3,114 shares of the 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 directly owns 80,415 shares of the company’s stock, valued at $8,576,259.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles R. Crisp sold 3,411 shares of the stock in a transaction dated Thursday, September 28th. The shares were 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 directly owns 53,196 shares in the company, valued at $5,161,607.88. The disclosure for this sale can be found here. Insiders sold 153,692 shares of company stock worth $3,717,390 over the last three months. Insiders own 0.53% of the company’s stock.

Shares of EOG Resources, Inc. (EOG) traded up $0.82 on Tuesday, hitting $101.21. 1,946,800 shares of the stock traded hands, compared to its average volume of 3,080,763. The company has a market capitalization of $58,047.42, a price-to-earnings ratio of 244.85, a PEG ratio of 13.24 and a beta of 0.98. EOG Resources, Inc. has a 52 week low of $81.99 and a 52 week high of $109.37. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The company’s revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.40) earnings per share. sell-side analysts expect that EOG Resources, Inc. will post 0.84 EPS for the current year.

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EOG Resources Profile

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.

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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