Markston International LLC reduced its stake in EOG Resources Inc (NYSE:EOG) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,293 shares of the energy exploration company’s stock after selling 687 shares during the period. Markston International LLC’s holdings in EOG Resources were worth $3,354,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the company. FMR LLC lifted its stake in EOG Resources by 17.5% during the second quarter. FMR LLC now owns 25,710,159 shares of the energy exploration company’s stock valued at $3,199,115,000 after purchasing an additional 3,822,930 shares during the last quarter. Chevy Chase Trust Holdings Inc. acquired a new stake in EOG Resources during the second quarter valued at approximately $104,146,000. Fenimore Asset Management Inc. acquired a new stake in EOG Resources during the second quarter valued at approximately $86,564,000. Northside Capital Management LLC acquired a new stake in EOG Resources during the second quarter valued at approximately $79,851,000. Finally, Findlay Park Partners LLP lifted its stake in EOG Resources by 45.1% during the second quarter. Findlay Park Partners LLP now owns 1,924,467 shares of the energy exploration company’s stock valued at $239,461,000 after purchasing an additional 597,717 shares during the last quarter. 86.24% of the stock is owned by institutional investors.
In other news, EVP David W. Trice sold 2,489 shares of the 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 transaction, the executive vice president now owns 74,807 shares in the company, valued at approximately $9,533,404.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William R. Thomas sold 57,065 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $122.36, for a total transaction of $6,982,473.40. Following the transaction, the chief executive officer now owns 755,519 shares in the company, valued at approximately $92,445,304.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,346 shares of company stock worth $7,508,977. Company insiders own 0.51% of the company’s stock.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.19. The firm had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.20 billion. EOG Resources had a net margin of 30.90% and a return on equity of 16.79%. The company’s revenue for the quarter was up 80.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 EPS. Equities research analysts forecast that EOG Resources Inc will post 5.96 earnings per share for the current year.
Several research firms recently commented on EOG. Cowen set a $125.00 target price on shares of EOG Resources and gave the company a “hold” rating in a research note on Thursday, July 19th. Piper Jaffray Companies reissued a “buy” rating and set a $143.00 target price on shares of EOG Resources in a research note on Friday, July 20th. Raymond James cut their target price on shares of EOG Resources from $162.00 to $145.00 and set an “outperform” rating for the company in a research note on Tuesday. Zacks Investment Research lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Finally, Mizuho began coverage on shares of EOG Resources in a research note on Monday, July 23rd. They set a “buy” rating and a $173.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $139.13.
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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.
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