Cpwm LLC lowered its stake in EOG Resources Inc (NYSE:EOG) by 29.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,233 shares of the energy exploration company’s stock after selling 1,356 shares during the quarter. Cpwm LLC’s holdings in EOG Resources were worth $412,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. NuWave Investment Management LLC increased its stake in EOG Resources by 2,366.7% in the 3rd quarter. NuWave Investment Management LLC now owns 1,184 shares of the energy exploration company’s stock worth $151,000 after purchasing an additional 1,136 shares in the last quarter. ELM Advisors LLC purchased a new position in EOG Resources in the 3rd quarter worth about $162,000. Sun Life Financial INC increased its stake in EOG Resources by 464.4% in the 2nd quarter. Sun Life Financial INC now owns 1,569 shares of the energy exploration company’s stock worth $195,000 after purchasing an additional 1,291 shares in the last quarter. Honkamp Krueger Financial Services Inc. purchased a new position in EOG Resources in the 3rd quarter worth about $198,000. Finally, Bridgeway Capital Management Inc. purchased a new position in EOG Resources in the 3rd quarter worth about $202,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the company. Piper Jaffray Companies set a $138.00 price target on EOG Resources and gave the stock a “buy” rating in a research note on Sunday, September 30th. Morgan Stanley lifted their price target on EOG Resources from $122.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday, September 26th. BMO Capital Markets reissued a “buy” rating and issued a $140.00 price target on shares of EOG Resources in a research note on Thursday, October 11th. Zacks Investment Research raised EOG Resources from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research note on Tuesday, October 16th. Finally, ValuEngine raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, September 19th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $136.42.

Shares of NYSE EOG opened at $102.13 on Friday. EOG Resources Inc has a one year low of $96.54 and a one year high of $133.53. The stock has a market cap of $60.35 billion, a price-to-earnings ratio of 91.19, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. 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 (NYSE:EOG) last announced its quarterly earnings data on Friday, November 2nd. The energy exploration company reported $1.75 EPS for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.19. EOG Resources had a return on equity of 16.79% and a net margin of 30.90%. The firm had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the company posted $0.19 EPS. The business’s quarterly revenue was up 80.8% compared to the same quarter last year. Equities analysts expect that EOG Resources Inc will post 5.96 EPS for the current year.

In other news, EVP David W. Trice sold 2,489 shares of EOG Resources stock in a transaction dated Friday, September 28th. The stock was sold at an average price of $127.44, for a total transaction of $317,198.16. Following the completion of the sale, the executive vice president now directly owns 74,807 shares in the company, valued at approximately $9,533,404.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles R. Crisp sold 1,792 shares of EOG Resources 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 sale, the director now owns 49,741 shares of the company’s stock, valued at $5,809,748.80. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

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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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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

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