Victory Capital Management Inc. lessened its holdings in EOG Resources Inc (NYSE:EOG) by 5.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 163,986 shares of the energy exploration company’s stock after selling 9,430 shares during the period. Victory Capital Management Inc.’s holdings in EOG Resources were worth $20,920,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EOG. NuWave Investment Management LLC grew its holdings in EOG Resources by 2,366.7% during the 3rd quarter. NuWave Investment Management LLC now owns 1,184 shares of the energy exploration company’s stock valued at $151,000 after purchasing an additional 1,136 shares in the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in EOG Resources during the 2nd quarter valued at $158,000. Kaizen Advisory LLC grew its holdings in EOG Resources by 133.6% during the 2nd quarter. Kaizen Advisory LLC now owns 1,301 shares of the energy exploration company’s stock valued at $162,000 after purchasing an additional 744 shares in the last quarter. ELM Advisors LLC acquired a new stake in EOG Resources during the 3rd quarter valued at $162,000. Finally, Alpha Windward LLC acquired a new stake in EOG Resources during the 2nd quarter valued at $193,000. 86.15% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources stock opened at $98.07 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 1.09. EOG Resources Inc has a 1 year low of $96.54 and a 1 year high of $133.53. The stock has a market capitalization of $58.72 billion, a PE ratio of 87.56, a price-to-earnings-growth ratio of 1.19 and a beta of 1.16.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.19. EOG Resources had a net margin of 30.90% and a return on equity of 16.79%. The company had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the firm posted $0.19 EPS. The company’s revenue for the quarter was up 80.8% on a year-over-year basis. On average, research analysts expect that EOG Resources Inc will post 5.97 earnings per share for the current year.

In other news, EVP David W. Trice sold 2,489 shares of the firm’s stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $127.44, for a total value of $317,198.16. Following the transaction, the executive vice president now directly owns 74,807 shares in the company, valued at approximately $9,533,404.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles R. Crisp sold 1,792 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $116.80, for a total transaction of $209,305.60. Following the completion of the transaction, 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. Company insiders own 0.51% of the company’s stock.

EOG has been the subject of a number of recent analyst reports. ValuEngine lowered shares of EOG Resources from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Mizuho initiated coverage on shares of EOG Resources in a report on Monday, July 23rd. They set a “buy” rating and a $173.00 price target for the company. Royal Bank of Canada set a $142.00 price target on shares of EOG Resources and gave the company a “hold” rating in a report on Thursday, September 20th. JPMorgan Chase & Co. raised their price target on shares of EOG Resources from $118.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Finally, TD Securities raised their price objective on shares of EOG Resources from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company. EOG Resources currently has an average rating of “Buy” and a consensus target price of $138.04.

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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.

Further Reading: Dollar Cost Averaging

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

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