US Bancorp DE Has $15.78 Million Holdings in EOG Resources Inc (EOG)

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US Bancorp DE decreased its holdings in shares of EOG Resources Inc (NYSE:EOG) by 8.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,689 shares of the energy exploration company’s stock after selling 11,260 shares during the period. US Bancorp DE’s holdings in EOG Resources were worth $15,780,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EOG. NuWave Investment Management LLC raised its stake in shares of EOG Resources by 2,366.7% in the third quarter. NuWave Investment Management LLC now owns 1,184 shares of the energy exploration company’s stock valued at $151,000 after acquiring an additional 1,136 shares during the last quarter. Transamerica Financial Advisors Inc. bought a new position in shares of EOG Resources in the second quarter valued at approximately $158,000. Kaizen Advisory LLC raised its stake in shares of EOG Resources by 133.6% in the second quarter. Kaizen Advisory LLC now owns 1,301 shares of the energy exploration company’s stock valued at $162,000 after acquiring an additional 744 shares during the last quarter. ELM Advisors LLC bought a new position in shares of EOG Resources in the third quarter valued at approximately $162,000. Finally, Alpha Windward LLC bought a new position in shares of EOG Resources in the second quarter valued at approximately $193,000. Hedge funds and other institutional investors own 86.24% of the company’s stock.

EOG stock opened at $107.33 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.09 and a quick ratio of 0.92. EOG Resources Inc has a fifty-two week low of $96.54 and a fifty-two week high of $133.53. The company has a market capitalization 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 posted its quarterly earnings data on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the previous year, the company posted $0.19 EPS. EOG Resources’s revenue was up 80.8% on a year-over-year basis. As a group, sell-side analysts forecast that EOG Resources Inc will post 5.93 EPS for the current fiscal year.

In other EOG Resources news, CEO William R. Thomas sold 57,065 shares of EOG Resources stock in a transaction on Friday, August 10th. The shares were sold at an average price of $122.36, for a total transaction of $6,982,473.40. Following the completion of the sale, the chief executive officer now owns 755,519 shares of the company’s stock, valued at approximately $92,445,304.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David W. Trice sold 2,489 shares of EOG Resources stock in a transaction on Friday, September 28th. The stock was sold at an average price of $127.44, for a total transaction of $317,198.16. Following the sale, the executive vice president now directly owns 74,807 shares of the company’s stock, valued at approximately $9,533,404.08. The disclosure for this sale can be found here. Insiders have sold a total of 61,346 shares of company stock valued at $7,508,977 in the last ninety days. Company insiders own 0.51% of the company’s stock.

EOG has been the subject of a number of research analyst reports. Mizuho initiated coverage on shares of EOG Resources in a research note on Monday, July 23rd. They issued a “buy” rating and a $173.00 target price for the company. Royal Bank of Canada set a $142.00 target price on shares of EOG Resources and gave the company a “hold” rating in a research note on Thursday, September 20th. ValuEngine cut shares of EOG Resources from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. JPMorgan Chase & Co. lifted their target price on shares of EOG Resources from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd. Finally, TD Securities lifted their target price on shares of EOG Resources from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. EOG Resources has a consensus rating of “Buy” and an average price target of $139.13.

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

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