RiverPark Advisors LLC Trims Holdings in EOG Resources, Inc. (EOG)

RiverPark Advisors LLC reduced its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 37.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,600 shares of the energy exploration company’s stock after selling 9,526 shares during the period. RiverPark Advisors LLC’s holdings in EOG Resources were worth $1,509,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WINTON GROUP Ltd increased its stake in EOG Resources by 87.9% in the 2nd quarter. WINTON GROUP Ltd now owns 8,859 shares of the energy exploration company’s stock worth $802,000 after buying an additional 4,144 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of EOG Resources in the 3rd quarter valued at about $4,649,000. Wendell David Associates Inc. boosted its stake in EOG Resources by 4.2% in the 3rd quarter. Wendell David Associates Inc. now owns 14,910 shares of the energy exploration company’s stock worth $1,442,000 after purchasing an additional 600 shares in the last quarter. Usca Ria LLC boosted its stake in EOG Resources by 232.2% in the 2nd quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock worth $1,417,000 after purchasing an additional 10,939 shares in the last quarter. Finally, Aperio Group LLC raised its position in EOG Resources by 6.9% during the 3rd quarter. Aperio Group LLC now owns 263,616 shares of the energy exploration company’s stock worth $25,502,000 after buying an additional 17,107 shares during the last quarter. Institutional investors and hedge funds own 86.20% of the company’s stock.

Shares of EOG Resources, Inc. (NYSE EOG) traded down $2.04 during mid-day trading on Thursday, hitting $98.86. The stock had a trading volume of 2,768,400 shares, compared to its average volume of 3,098,190. EOG Resources, Inc. has a twelve month low of $81.99 and a twelve month high of $109.37. The stock has a market capitalization of $58,342.32, a PE ratio of 246.10, a P/E/G ratio of 13.31 and a beta of 0.98. 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 posted its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.59 billion. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.40) earnings per share. analysts forecast that EOG Resources, Inc. will post 0.84 EPS for the current year.

In other EOG Resources news, EVP David W. Trice sold 3,114 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $106.65, for a total value of $332,108.10. Following the sale, the executive vice president now directly owns 80,415 shares of the company’s stock, valued at approximately $8,576,259.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gary L. Thomas sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $96.63, for a total value of $2,415,750.00. Following the completion of the sale, the insider now directly owns 1,067,465 shares in the company, valued at $103,149,142.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 153,692 shares of company stock worth $3,717,390. Corporate insiders own 0.53% of the company’s stock.

EOG has been the subject of several recent research reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $106.00 target price on shares of EOG Resources in a report on Wednesday, November 22nd. Barclays reaffirmed an “overweight” rating and set a $101.00 target price (up previously from $94.00) on shares of EOG Resources in a research note on Wednesday, August 9th. BidaskClub cut shares of EOG Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Jefferies Group reissued a “hold” rating and set a $89.00 price target (down previously from $101.00) on shares of EOG Resources in a research report on Tuesday, August 29th. Finally, Morgan Stanley set a $116.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. EOG Resources presently has a consensus rating of “Buy” and an average price target of $109.42.

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EOG Resources Profile

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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