Private Wealth Partners LLC Boosts Stake in EOG Resources, Inc. (EOG)

Private Wealth Partners LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 54.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,327 shares of the company’s stock after purchasing an additional 24,868 shares during the period. EOG Resources makes up 1.4% of Private Wealth Partners LLC’s portfolio, making the stock its 24th largest holding. Private Wealth Partners LLC’s holdings in EOG Resources were worth $6,803,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Capital Research Global Investors boosted its stake in shares of EOG Resources by 14.7% during the 2nd quarter. Capital Research Global Investors now owns 41,839,695 shares of the company’s stock worth $3,787,329,000 after purchasing an additional 5,368,941 shares during the period. Vanguard Group Inc. boosted its stake in shares of EOG Resources by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 41,179,515 shares of the company’s stock worth $3,727,570,000 after purchasing an additional 1,058,276 shares during the period. BlackRock Inc. boosted its stake in shares of EOG Resources by 2,098.0% during the 1st quarter. BlackRock Inc. now owns 35,740,352 shares of the company’s stock worth $3,486,473,000 after purchasing an additional 34,114,299 shares during the period. Capital World Investors boosted its stake in shares of EOG Resources by 9.9% during the 2nd quarter. Capital World Investors now owns 17,461,968 shares of the company’s stock worth $1,580,657,000 after purchasing an additional 1,568,085 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of EOG Resources by 8.7% during the 2nd quarter. Northern Trust Corp now owns 8,001,255 shares of the company’s stock worth $724,272,000 after purchasing an additional 638,183 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

In other EOG Resources news, Director Charles R. Crisp sold 3,411 shares of the company’s 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 approximately $5,161,607.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David W. Trice sold 3,114 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $106.65, for a total transaction of $332,108.10. Following the transaction, the executive vice president now owns 80,415 shares in the company, valued at approximately $8,576,259.75. The disclosure for this sale can be found here. Insiders have sold a total of 153,692 shares of company stock worth $3,717,390 in the last 90 days. 0.53% of the stock is currently owned by company insiders.

A number of research firms recently commented on EOG. Royal Bank Of Canada lifted their price target on shares of EOG Resources from $107.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 7th. Jefferies Group LLC lifted their price target on shares of EOG Resources from $95.00 to $99.00 and gave the stock a “hold” rating in a research note on Tuesday, November 7th. Imperial Capital began coverage on shares of EOG Resources in a research note on Thursday, September 28th. They set an “outperform” rating and a $115.00 price target for the company. Morgan Stanley set a $116.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, J P Morgan Chase & Co lifted their price target on shares of EOG Resources from $90.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $108.79.

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EOG Resources, Inc. (EOG) traded down $0.20 during midday trading on Monday, hitting $104.58. 3,383,200 shares of the company traded hands, compared to its average volume of 3,137,529. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27. The company has a market cap of $60,470.16, a price-to-earnings ratio of 255.07, a PEG ratio of 14.97 and a beta of 0.99. EOG Resources, Inc. has a 1 year low of $81.99 and a 1 year high of $109.37.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. EOG Resources’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.40) EPS. analysts anticipate that EOG Resources, Inc. will post 0.78 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th were paid a dividend of $0.1675 per share. The ex-dividend date was Monday, October 16th. This represents a $0.67 dividend on an annualized basis and a yield of 0.64%. EOG Resources’s payout ratio is 6,700.00%.

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.

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

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