EOG Resources, Inc. (EOG) Stake Lessened by Envestnet Asset Management Inc.
Envestnet Asset Management Inc. reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 221,771 shares of the energy exploration company’s stock after selling 10,952 shares during the quarter. Envestnet Asset Management Inc.’s holdings in EOG Resources were worth $21,454,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. SevenBridge Financial Group LLC grew its holdings in shares of EOG Resources by 21.9% in the third quarter. SevenBridge Financial Group LLC now owns 2,751 shares of the energy exploration company’s stock valued at $266,000 after acquiring an additional 495 shares in the last quarter. Pinebridge Investments L.P. grew its holdings in shares of EOG Resources by 3.7% in the third quarter. Pinebridge Investments L.P. now owns 79,643 shares of the energy exploration company’s stock valued at $7,705,000 after acquiring an additional 2,824 shares in the last quarter. HCR Wealth Advisors bought a new position in shares of EOG Resources in the third quarter valued at approximately $224,000. Tredje AP fonden grew its holdings in shares of EOG Resources by 11.9% in the third quarter. Tredje AP fonden now owns 59,305 shares of the energy exploration company’s stock valued at $5,737,000 after acquiring an additional 6,290 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in shares of EOG Resources in the third quarter valued at approximately $64,975,000. 86.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of EOG Resources, Inc. (EOG) traded down $1.86 on Tuesday, hitting $101.05. 2,423,400 shares of the company traded hands, compared to its average volume of 3,104,122. The company has a market capitalization of $58,430.00, a P/E ratio of 251.00, a P/E/G ratio of 13.57 and a beta of 0.98. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. EOG Resources, Inc. has a 12 month low of $81.99 and a 12 month high of $109.37.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results 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. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the firm earned ($0.40) earnings per share. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. equities analysts predict that EOG Resources, Inc. will post 0.84 earnings per share for the current fiscal year.
In other EOG Resources news, EVP David W. Trice sold 3,114 shares of EOG Resources stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $106.65, for a total value of $332,108.10. Following the completion of the sale, the executive vice president now owns 80,415 shares of the company’s stock, valued at approximately $8,576,259.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Michael P. Donaldson sold 6,167 shares of EOG Resources stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $97.50, for a total transaction of $601,282.50. Following the completion of the sale, the executive vice president now directly owns 74,316 shares of the company’s stock, valued at approximately $7,245,810. The disclosure for this sale can be found here. In the last ninety days, insiders sold 153,692 shares of company stock valued at $3,717,390. 0.53% of the stock is currently owned by insiders.
Several equities analysts recently commented on the company. Imperial Capital assumed coverage on EOG Resources in a research note on Thursday, September 28th. They issued an “outperform” rating and a $115.00 price objective on the stock. Morgan Stanley upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $97.00 to $106.00 in a research report on Tuesday, September 12th. Barclays increased their price objective on EOG Resources from $117.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. Robert W. Baird set a $114.00 price objective on EOG Resources and gave the stock a “buy” rating in a research report on Friday, November 17th. Finally, BMO Capital Markets set a $105.00 price objective on EOG Resources and gave the stock a “buy” rating in a research report on Tuesday, October 10th. 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’s stock. The company has a consensus rating of “Buy” and an average target price of $109.42.
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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.
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