Ardevora Asset Management LLP Has $37.50 Million Position in EOG Resources Inc (EOG)

Ardevora Asset Management LLP decreased its holdings in EOG Resources Inc (NYSE:EOG) by 1.9% during the third quarter, Holdings Channel reports. The institutional investor owned 293,946 shares of the energy exploration company’s stock after selling 5,550 shares during the quarter. EOG Resources accounts for 1.0% of Ardevora Asset Management LLP’s portfolio, making the stock its 4th largest position. Ardevora Asset Management LLP’s holdings in EOG Resources were worth $37,499,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EOG. Culbertson A N & Co. Inc. raised its stake in EOG Resources by 1.1% during the 2nd quarter. Culbertson A N & Co. Inc. now owns 38,399 shares of the energy exploration company’s stock worth $4,778,000 after acquiring an additional 415 shares during the period. Creative Planning raised its stake in EOG Resources by 1.0% during the 2nd quarter. Creative Planning now owns 42,007 shares of the energy exploration company’s stock worth $5,227,000 after acquiring an additional 417 shares during the period. Bainco International Investors raised its stake in EOG Resources by 0.5% during the 2nd quarter. Bainco International Investors now owns 84,702 shares of the energy exploration company’s stock worth $10,539,000 after acquiring an additional 438 shares during the period. Parkwood LLC raised its stake in EOG Resources by 8.3% during the 2nd quarter. Parkwood LLC now owns 5,747 shares of the energy exploration company’s stock worth $715,000 after acquiring an additional 438 shares during the period. Finally, Security National Trust Co. raised its stake in EOG Resources by 6.3% during the 2nd quarter. Security National Trust Co. now owns 7,689 shares of the energy exploration company’s stock worth $957,000 after acquiring an additional 455 shares during the period. 86.26% of the stock is currently owned by institutional investors.

In related news, CEO William R. Thomas sold 57,065 shares of the firm’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $122.36, for a total value of $6,982,473.40. Following the completion of the transaction, the chief executive officer now directly owns 755,519 shares of the company’s stock, valued at $92,445,304.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP David W. Trice sold 2,489 shares of the firm’s stock in a transaction on 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 $9,533,404.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,346 shares of company stock valued at $7,508,977. 0.51% of the stock is currently owned by insiders.

Shares of EOG stock traded up $1.31 on Tuesday, reaching $103.35. The company’s stock had a trading volume of 1,730,333 shares, compared to its average volume of 3,101,088. EOG Resources Inc has a 1 year low of $96.54 and a 1 year high of $133.53. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.83 and a current ratio of 0.98. The firm has a market cap of $61.72 billion, a PE ratio of 92.28, a price-to-earnings-growth ratio of 1.18 and a beta of 1.00.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 2nd. The energy exploration company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. EOG Resources had a net margin of 27.81% and a return on equity of 12.38%. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same period last year, the firm posted $0.08 earnings per share. EOG Resources’s revenue for the quarter was up 62.2% compared to the same quarter last year. On average, equities analysts predict that EOG Resources Inc will post 5.83 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, October 16th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.85%. EOG Resources’s dividend payout ratio (DPR) is 78.57%.

A number of equities research analysts have commented on the stock. Zacks Investment Research cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Piper Jaffray Companies reiterated a “buy” rating and set a $143.00 price objective on shares of EOG Resources in a research report on Friday, July 20th. ValuEngine cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus cut shares of EOG Resources to a “hold” rating and set a $148.00 price objective on the stock. in a research report on Thursday, July 19th. Finally, Morgan Stanley reduced their price objective on shares of EOG Resources from $128.00 to $122.00 and set a “hold” rating on the stock in a research report on Thursday, August 16th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. EOG Resources currently has a consensus rating of “Buy” and an average price target of $138.50.

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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