EOG Resources Inc (EOG) Shares Sold by Artemis Investment Management LLP
Artemis Investment Management LLP decreased its holdings in shares of EOG Resources Inc (NYSE:EOG) by 12.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,704 shares of the energy exploration company’s stock after selling 29,084 shares during the period. Artemis Investment Management LLP’s holdings in EOG Resources were worth $26,881,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in EOG. NuWave Investment Management LLC boosted its position in shares of 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. bought a new position in EOG Resources in the second quarter worth approximately $158,000. Kaizen Advisory LLC boosted its holdings in EOG Resources by 133.6% in the second quarter. Kaizen Advisory LLC now owns 1,301 shares of the energy exploration company’s stock worth $162,000 after acquiring an additional 744 shares in the last quarter. ELM Advisors LLC bought a new position in EOG Resources in the third quarter worth approximately $162,000. Finally, Sun Life Financial INC boosted its holdings in 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 worth $195,000 after acquiring an additional 1,291 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.
EOG has been the topic of several recent research reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $145.00 price target on shares of EOG Resources in a report on Thursday, August 30th. Wells Fargo & Co initiated coverage on EOG Resources in a report on Wednesday, October 24th. They issued a “market perform” rating and a $154.00 price target on the stock. Morgan Stanley cut their price target on EOG Resources from $128.00 to $122.00 and set a “hold” rating on the stock in a report on Thursday, August 16th. ValuEngine lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Finally, Royal Bank of Canada set a $142.00 price target on EOG Resources and gave the stock a “hold” rating in a report on Thursday, September 20th. Nine investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. EOG Resources currently has an average rating of “Buy” and a consensus price target of $138.26.
Shares of EOG Resources stock opened at $105.71 on Tuesday. The company 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 52 week low of $96.54 and a 52 week high of $133.53. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.09 and a quick ratio of 0.92.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, November 2nd. The energy exploration company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.56 by $0.19. The firm had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.20 billion. EOG Resources had a return on equity of 16.79% and a net margin of 30.90%. The company’s quarterly revenue was up 80.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 earnings per share. On average, equities research analysts predict that EOG Resources Inc will post 6 earnings per share for the current fiscal year.
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About EOG Resources
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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