Anchor Bolt Capital LP Sells 76,420 Shares of EOG Resources, Inc. (EOG)
Anchor Bolt Capital LP decreased its position in EOG Resources, Inc. (NYSE:EOG) by 14.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 434,856 shares of the energy exploration company’s stock after selling 76,420 shares during the period. EOG Resources comprises approximately 1.7% of Anchor Bolt Capital LP’s holdings, making the stock its 24th largest holding. Anchor Bolt Capital LP owned 0.08% of EOG Resources worth $42,068,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Segall Bryant & Hamill LLC raised its holdings in shares of EOG Resources by 7.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 118,114 shares of the energy exploration company’s stock worth $11,426,000 after buying an additional 7,786 shares in the last quarter. Southport Management L.L.C. bought a new stake in EOG Resources during the 3rd quarter worth approximately $967,000. Keeley Teton Advisors LLC grew its position in EOG Resources by 23.3% during the 3rd quarter. Keeley Teton Advisors LLC now owns 38,331 shares of the energy exploration company’s stock worth $3,708,000 after acquiring an additional 7,254 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in EOG Resources by 2.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 170,612 shares of the energy exploration company’s stock valued at $16,505,000 after buying an additional 3,863 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its position in EOG Resources by 2.4% in the 3rd quarter. King Luther Capital Management Corp now owns 1,670,661 shares of the energy exploration company’s stock valued at $161,620,000 after buying an additional 39,580 shares during the last quarter. 86.20% of the stock is owned by hedge funds and other institutional investors.
Shares of EOG Resources, Inc. (EOG) traded down $2.04 during trading hours on Thursday, hitting $98.86. 2,768,400 shares of the stock traded hands, compared to its average volume of 3,098,190. The firm has a market capitalization of $58,342.32, a P/E ratio of 246.10, a PEG ratio of 13.31 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 52 week low of $81.99 and a 52 week high of $109.37.
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, topping the 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 for the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the firm posted ($0.40) earnings per share. EOG Resources’s revenue for the quarter was up 24.8% on a year-over-year basis. sell-side analysts expect that EOG Resources, Inc. will post 0.84 earnings per share for the current fiscal year.
EOG has been the topic of several research analyst reports. Stifel Nicolaus set a $106.00 price objective on EOG Resources and gave the stock a “buy” rating in a research note on Thursday, October 5th. BMO Capital Markets set a $105.00 price objective on EOG Resources and gave the company a “buy” rating in a report on Tuesday, October 10th. Robert W. Baird set a $114.00 price objective on EOG Resources and gave the company a “buy” rating in a report on Thursday, October 12th. Morgan Stanley set a $116.00 price target on EOG Resources and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $106.00 price target on shares of EOG Resources in a report on Wednesday, November 22nd. Two equities research 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. The stock has an average rating of “Buy” and an average price target of $109.42.
In other EOG Resources news, Director Charles R. Crisp sold 3,411 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $97.03, for a total transaction of $330,969.33. Following the sale, the director now owns 53,196 shares of the company’s stock, valued at $5,161,607.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David W. Trice sold 3,114 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $106.65, for a total transaction of $332,108.10. Following the sale, the executive vice president now directly owns 80,415 shares in the company, valued at approximately $8,576,259.75. The disclosure for this sale can be found here. In the last three months, insiders sold 153,692 shares of company stock worth $3,717,390. 0.53% of the stock is currently owned by insiders.
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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