Heritage Investors Management Corp Invests $233,000 in EOG Resources Inc (EOG) Stock

Heritage Investors Management Corp purchased a new stake in shares of EOG Resources Inc (NYSE:EOG) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,825 shares of the energy exploration company’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Gerber Kawasaki Wealth & Investment Management boosted its holdings in EOG Resources by 100.3% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 12,283 shares of the energy exploration company’s stock worth $1,590,000 after acquiring an additional 6,150 shares during the last quarter. CORDA Investment Management LLC. purchased a new position in EOG Resources during the 3rd quarter worth $1,288,000. Dupont Capital Management Corp purchased a new position in EOG Resources during the 3rd quarter worth $844,000. Janney Montgomery Scott LLC boosted its holdings in EOG Resources by 218.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 45,045 shares of the energy exploration company’s stock worth $5,747,000 after acquiring an additional 30,895 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in EOG Resources during the 3rd quarter worth $268,000. 86.24% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP David W. Trice sold 2,489 shares of the business’s stock in a transaction dated Friday, September 28th. The stock was sold at an average price of $127.44, for a total value of $317,198.16. Following 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles R. Crisp sold 1,792 shares of the business’s 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 sale, the director now owns 49,741 shares in the company, valued at $5,809,748.80. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.

A number of research firms have issued reports on EOG. Zacks Investment Research downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $143.00 price objective on shares of EOG Resources in a report on Friday, July 20th. ValuEngine downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Morgan Stanley cut their price target on shares of EOG Resources from $128.00 to $122.00 and set a “hold” rating on the stock in a report on Thursday, August 16th. Finally, Stifel Nicolaus downgraded shares of EOG Resources to a “hold” rating and set a $148.00 price target on the stock. in a report on Thursday, July 19th. One equities 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 presently has a consensus rating of “Buy” and an average price target of $139.13.

Shares of NYSE:EOG opened at $105.51 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $63.30 billion, a P/E ratio of 94.21, a P/E/G ratio of 1.29 and a beta of 1.16. EOG Resources Inc has a fifty-two week low of $96.54 and a fifty-two week high of $133.53.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the previous year, the business posted $0.19 EPS. The firm’s quarterly revenue was up 80.8% compared to the same quarter last year. On average, analysts expect that EOG Resources Inc will post 5.97 EPS for the current year.

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

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