Accident Compensation Corp acquired a new position in EOG Resources Inc (NYSE:EOG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,700 shares of the energy exploration company’s stock, valued at approximately $472,000.

Several other hedge funds have also made changes to their positions in the company. Alleghany Corp DE increased its holdings in EOG Resources by 12.6% during the third quarter. Alleghany Corp DE now owns 615,000 shares of the energy exploration company’s stock worth $78,455,000 after buying an additional 69,000 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in EOG Resources during the third quarter worth $4,252,000. Bronfman E.L. Rothschild L.P. increased its holdings in EOG Resources by 10.7% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 6,608 shares of the energy exploration company’s stock worth $843,000 after buying an additional 641 shares during the last quarter. Renaissance Technologies LLC acquired a new position in EOG Resources during the third quarter worth $79,412,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in EOG Resources during the third quarter worth $290,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

NYSE:EOG opened at $104.07 on Thursday. EOG Resources Inc has a one year low of $96.54 and a one year high of $133.53. The firm has a market capitalization of $59.91 billion, a price-to-earnings ratio of 92.92, a P/E/G ratio of 1.28 and a beta of 1.20. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 1.09.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, November 2nd. The energy exploration company reported $1.75 EPS for the quarter, beating 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 business had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the prior year, the company posted $0.19 earnings per share. EOG Resources’s revenue was up 80.8% compared to the same quarter last year. On average, analysts predict that EOG Resources Inc will post 5.96 earnings per share for the current fiscal year.

In related news, EVP David W. Trice sold 2,489 shares of the company’s stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $127.44, for a total value of $317,198.16. Following the transaction, the executive vice president now directly owns 74,807 shares in the company, valued at $9,533,404.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles R. Crisp sold 1,792 shares of the company’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $116.80, for a total transaction of $209,305.60. Following the completion of the transaction, the director now owns 49,741 shares in the company, valued at $5,809,748.80. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Tuesday, October 23rd. Robert W. Baird restated a “buy” rating and set a $133.00 target price on shares of EOG Resources in a report on Monday. Morgan Stanley set a $132.00 target price on shares of EOG Resources and gave the stock a “hold” rating in a report on Friday, October 12th. Credit Suisse Group upgraded shares of EOG Resources from a “neutral” rating to an “outperform” rating and set a $128.00 target price on the stock in a report on Friday, November 16th. Finally, Barclays started coverage on shares of EOG Resources in a report on Wednesday, August 29th. They issued an “overweight” rating and a $144.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $136.42.

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EOG Resources 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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