Nippon Life Global Investors Americas Inc. Cuts Stake in EOG Resources, Inc. (EOG)

Nippon Life Global Investors Americas Inc. lowered its holdings in EOG Resources, Inc. (NYSE:EOG) by 26.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,600 shares of the energy exploration company’s stock after selling 15,550 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in EOG Resources were worth $4,218,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. SevenBridge Financial Group LLC grew its position in shares of EOG Resources by 21.9% in the third quarter. SevenBridge Financial Group LLC now owns 2,751 shares of the energy exploration company’s stock valued at $266,000 after purchasing an additional 495 shares during the period. Pinebridge Investments L.P. lifted its stake in shares of EOG Resources by 3.7% in the third quarter. Pinebridge Investments L.P. now owns 79,643 shares of the energy exploration company’s stock worth $7,705,000 after buying an additional 2,824 shares in the last quarter. HCR Wealth Advisors purchased a new position in shares of EOG Resources in the third quarter worth about $224,000. Tredje AP fonden lifted its stake in shares of EOG Resources by 11.9% in the third quarter. Tredje AP fonden now owns 59,305 shares of the energy exploration company’s stock worth $5,737,000 after buying an additional 6,290 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in shares of EOG Resources in the third quarter worth about $64,975,000. Institutional investors own 86.20% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Imperial Capital assumed coverage on shares of EOG Resources in a research note on Thursday, September 28th. They issued an “outperform” rating and a $115.00 price target on the stock. Morgan Stanley raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $97.00 to $106.00 in a research note on Tuesday, September 12th. Barclays lifted their target price on shares of EOG Resources from $117.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, November 20th. Robert W. Baird set a $114.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Friday, November 17th. Finally, BMO Capital Markets set a $105.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the company. EOG Resources presently has a consensus rating of “Buy” and a consensus target price of $109.42.

In other EOG Resources news, EVP David W. Trice sold 3,114 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $106.65, for a total value of $332,108.10. Following the transaction, the executive vice president now directly owns 80,415 shares in the company, valued at approximately $8,576,259.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 6,167 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $97.50, for a total transaction of $601,282.50. Following the completion of the transaction, the executive vice president now owns 74,316 shares in the company, valued at $7,245,810. The disclosure for this sale can be found here. Over the last three months, insiders sold 153,692 shares of company stock worth $3,717,390. 0.53% of the stock is owned by corporate insiders.

Shares of EOG Resources, Inc. (NYSE:EOG) traded down $1.86 during trading on Tuesday, reaching $101.05. 2,423,400 shares of the company’s stock were exchanged, compared to its average volume of 3,104,122. The stock has a market cap of $58,430.00, a P/E ratio of 251.00, a P/E/G ratio of 13.57 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27. EOG Resources, Inc. has a 52 week low of $81.99 and a 52 week high of $109.37.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.07. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the prior year, the company posted ($0.40) EPS. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. equities analysts anticipate that EOG Resources, Inc. will post 0.84 EPS for the current year.

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EOG Resources Company 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.

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

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