Cim Investment Mangement Inc. purchased a new stake in EOG Resources Inc (NYSE:EOG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,382 shares of the energy exploration company’s stock, valued at approximately $942,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NuWave Investment Management LLC raised its position in shares of EOG Resources by 2,366.7% in the third 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 during the period. Transamerica Financial Advisors Inc. bought a new stake in shares of EOG Resources in the second quarter valued at approximately $158,000. Kaizen Advisory LLC raised its position in shares of EOG Resources by 133.6% in the second 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 during the period. ELM Advisors LLC bought a new stake in shares of EOG Resources in the third quarter valued at approximately $162,000. Finally, Sun Life Financial INC raised its position in shares of EOG Resources by 464.4% in the second quarter. Sun Life Financial INC now owns 1,569 shares of the energy exploration company’s stock valued at $195,000 after purchasing an additional 1,291 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on the stock. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Tuesday. Credit Suisse Group raised shares of EOG Resources from a “neutral” rating to an “outperform” rating and set a $128.00 target price on the stock in a report on Friday. Barclays upped their target price on shares of EOG Resources from $140.00 to $141.00 and gave the stock a “buy” rating in a report on Thursday, November 15th. BMO Capital Markets set a $115.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a report on Monday, November 12th. Finally, Raymond James decreased their target price on shares of EOG Resources from $162.00 to $145.00 and set an “outperform” rating on the stock in a report on Tuesday, November 6th. Nine investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. EOG Resources presently has an average rating of “Buy” and a consensus target price of $138.26.

In other news, Director Charles R. Crisp sold 1,792 shares of the stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $116.80, for a total value of $209,305.60. Following the transaction, the director now owns 49,741 shares of the company’s stock, valued at approximately $5,809,748.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David W. Trice sold 2,489 shares of the stock in a transaction on Friday, September 28th. The stock was sold at an average price of $127.44, for a total transaction of $317,198.16. Following the completion of the transaction, the executive vice president now directly owns 74,807 shares in the company, valued at approximately $9,533,404.08. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.

Shares of NYSE:EOG opened at $105.71 on Tuesday. The firm has a market capitalization of $61.01 billion, a PE ratio of 94.38, a P/E/G ratio of 1.23 and a beta of 1.16. EOG Resources Inc has a one year low of $96.54 and a one year high of $133.53. 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 (NYSE:EOG) last issued its quarterly earnings results on Friday, November 2nd. The energy exploration company reported $1.75 EPS for the quarter, topping the Zacks’ 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 business’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 firm earned $0.19 EPS. Research analysts expect that EOG Resources Inc will post 6 EPS for the current fiscal year.

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EOG Resources Company 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: Asset Allocation, Balancing Your Investments

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

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