Schroder Investment Management Group lifted its stake in EOG Resources Inc (NYSE:EOG) by 56.3% during the third quarter, HoldingsChannel reports. The firm owned 60,614 shares of the energy exploration company’s stock after purchasing an additional 21,839 shares during the quarter. Schroder Investment Management Group’s holdings in EOG Resources were worth $7,732,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of EOG. NuWave Investment Management LLC lifted its position 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 valued at $151,000 after acquiring an additional 1,136 shares in the last quarter. ELM Advisors LLC bought a new position in EOG Resources in the 3rd quarter valued at approximately $162,000. Sun Life Financial INC lifted its position 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 valued at $195,000 after acquiring an additional 1,291 shares in the last quarter. Coho Partners Ltd. bought a new position in EOG Resources in the 3rd quarter valued at approximately $203,000. Finally, Engineers Gate Manager LP bought a new position in EOG Resources in the 3rd quarter valued at approximately $204,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of EOG stock opened at $104.07 on Thursday. EOG Resources Inc has a 52-week low of $96.54 and a 52-week high of $133.53. The firm has a market capitalization of $60.35 billion, a price-to-earnings ratio of 92.92, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The company has a quick ratio of 0.92, a current ratio of 1.09 and a debt-to-equity ratio of 0.28.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, November 2nd. The energy exploration company reported $1.75 EPS for the quarter, beating 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 business had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the prior year, the firm earned $0.19 EPS. The business’s revenue was up 80.8% on a year-over-year basis. Analysts expect that EOG Resources Inc will post 5.96 EPS for the current year.

In related news, Director Charles R. Crisp sold 1,792 shares of the 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 completion of the transaction, the director now owns 49,741 shares of the company’s stock, valued at approximately $5,809,748.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP David W. Trice sold 2,489 shares of the stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $127.44, for a total transaction of $317,198.16. Following the completion of the transaction, 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. 0.51% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on EOG. MKM Partners began coverage on EOG Resources in a report on Wednesday. They set a “buy” rating and a $133.00 price target on the stock. Zacks Investment Research cut EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Piper Jaffray Companies set a $138.00 price target on EOG Resources and gave the company a “buy” rating in a report on Sunday, September 30th. Morgan Stanley lowered their price target on EOG Resources from $128.00 to $122.00 and set a “hold” rating on the stock in a report on Thursday, August 16th. Finally, Wells Fargo & Co began coverage on EOG Resources in a report on Wednesday, October 24th. They set a “market perform” rating and a $154.00 price target on the stock. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $136.42.

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About EOG Resources

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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