EOG Resources, Inc. (EOG) Stake Lowered by WINTON GROUP Ltd

WINTON GROUP Ltd reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 40.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,300 shares of the energy exploration company’s stock after selling 3,559 shares during the period. WINTON GROUP Ltd’s holdings in EOG Resources were worth $513,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Winfield Associates Inc. lifted its stake in EOG Resources by 1.7% in the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock worth $103,000 after purchasing an additional 19 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in EOG Resources by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 5,007 shares of the energy exploration company’s stock worth $418,000 after purchasing an additional 23 shares during the last quarter. Security National Trust Co. lifted its stake in EOG Resources by 0.7% in the second quarter. Security National Trust Co. now owns 8,029 shares of the energy exploration company’s stock worth $727,000 after purchasing an additional 55 shares during the last quarter. Frontier Wealth Management LLC lifted its stake in EOG Resources by 2.5% in the second quarter. Frontier Wealth Management LLC now owns 2,361 shares of the energy exploration company’s stock worth $214,000 after purchasing an additional 58 shares during the last quarter. Finally, Traynor Capital Management Inc. raised its stake in shares of EOG Resources by 1.6% during the second quarter. Traynor Capital Management Inc. now owns 5,004 shares of the energy exploration company’s stock valued at $479,000 after acquiring an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 86.20% of the company’s stock.

Shares of EOG Resources, Inc. (NYSE EOG) traded up $0.86 during midday trading on Friday, hitting $99.72. 1,687,600 shares of the stock traded hands, compared to its average volume of 3,092,213. The company has a market capitalization of $57,660.00, a P/E ratio of 241.12, a PEG ratio of 13.04 and a beta of 0.98. EOG Resources, Inc. has a 52-week low of $81.99 and a 52-week high of $109.37. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The business’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.40) earnings per share. equities research analysts forecast that EOG Resources, Inc. will post 0.84 earnings per share for the current year.

In related news, Director Charles R. Crisp sold 3,411 shares of the stock in a transaction that occurred 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 transaction, the director now owns 53,196 shares in the company, valued at $5,161,607.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Gary L. Thomas sold 25,000 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the transaction, the insider now owns 1,067,465 shares in the company, valued at approximately $103,149,142.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 153,692 shares of company stock worth $3,717,390. Insiders own 0.53% of the company’s stock.

EOG has been the subject of several recent analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $106.00 price objective on shares of EOG Resources in a research note on Wednesday, November 22nd. BidaskClub downgraded shares of EOG Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Jefferies Group reaffirmed a “hold” rating and set a $89.00 price objective (down from $101.00) on shares of EOG Resources in a research note on Tuesday, August 29th. Barclays upped their price objective on shares of EOG Resources from $101.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Finally, Morgan Stanley set a $116.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $109.42.

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About EOG Resources

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

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