NN Investment Partners Holdings N.V. trimmed its position in EOG Resources Inc (NYSE:EOG) by 31.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,494 shares of the energy exploration company’s stock after selling 3,483 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in EOG Resources were worth $957,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. IFM Investors Pty Ltd lifted its position in shares of 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 during the last quarter. KAMES CAPITAL plc lifted its position in shares of 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 during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of 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 during the last quarter. Cobiz Wealth LLC bought a new stake in shares of EOG Resources during the 2nd quarter worth $7,754,000. Finally, State of Alaska Department of Revenue lifted its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 86.24% of the company’s stock.
Several brokerages recently weighed in on EOG. Stephens set a $122.00 price objective on EOG Resources and gave the stock a “hold” rating in a research report on Wednesday, July 25th. Piper Jaffray Companies set a $138.00 price objective on EOG Resources and gave the stock a “buy” rating in a research report on Sunday, September 30th. Stifel Nicolaus set a $147.00 price objective on EOG Resources and gave the stock a “buy” rating in a research report on Friday, August 3rd. Morgan Stanley increased their target price on EOG Resources from $122.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, September 26th. Finally, Zacks Investment Research downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $139.13.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.19. The company had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.20 billion. EOG Resources had a return on equity of 16.79% and a net margin of 30.90%. The business’s quarterly revenue was up 80.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. On average, research analysts anticipate that EOG Resources Inc will post 5.93 EPS for the current year.
In other news, EVP David W. Trice sold 2,489 shares of the stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles R. Crisp sold 1,792 shares of the stock in a transaction dated Tuesday, September 11th. The shares were 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 of the company’s stock, valued at approximately $5,809,748.80. The disclosure for this sale can be found here. In the last three months, insiders sold 61,346 shares of company stock valued at $7,508,977. Insiders own 0.51% of the company’s stock.
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EOG Resources Company 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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