EOG Resources Inc (EOG) Position Raised by Raymond James Trust N.A.

Raymond James Trust N.A. lifted its holdings in shares of EOG Resources Inc (NYSE:EOG) by 12.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,183 shares of the energy exploration company’s stock after buying an additional 679 shares during the period. Raymond James Trust N.A.’s holdings in EOG Resources were worth $789,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EOG. NuWave Investment Management LLC boosted its position in shares of EOG Resources by 2,366.7% during the third quarter. NuWave Investment Management LLC now owns 1,184 shares of the energy exploration company’s stock valued at $151,000 after buying an additional 1,136 shares during the last quarter. ELM Advisors LLC purchased a new stake in shares of EOG Resources during the third quarter valued at $162,000. Sun Life Financial INC boosted its position in shares of EOG Resources by 464.4% during the second quarter. Sun Life Financial INC now owns 1,569 shares of the energy exploration company’s stock valued at $195,000 after buying an additional 1,291 shares during the last quarter. Bridgeway Capital Management Inc. purchased a new stake in shares of EOG Resources during the third quarter valued at $202,000. Finally, Coho Partners Ltd. purchased a new stake in shares of EOG Resources during the third quarter valued at $203,000. 85.65% of the stock is currently owned by institutional investors.

NYSE EOG opened at $103.31 on Friday. 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 52 week low of $96.54 and a 52 week high of $133.53. The stock has a market capitalization of $61.16 billion, a PE ratio of 92.24, a P/E/G ratio of 1.25 and a beta of 1.16.

EOG Resources (NYSE:EOG) last posted 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. EOG Resources had a return on equity of 16.79% and a net margin of 30.90%. The firm had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the company earned $0.19 earnings per share. The business’s revenue for the quarter was up 80.8% compared to the same quarter last year. On average, equities analysts predict that EOG Resources Inc will post 5.94 EPS for the current fiscal 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 stock was sold at an average price of $127.44, for a total value of $317,198.16. Following the transaction, the executive vice president now owns 74,807 shares of the company’s stock, valued at $9,533,404.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 value of $209,305.60. Following the completion of the transaction, the director now directly owns 49,741 shares in the company, valued at approximately $5,809,748.80. The disclosure for this sale can be found here. 0.51% of the stock is owned by company insiders.

EOG has been the topic of several recent analyst reports. Raymond James dropped their price objective on EOG Resources from $162.00 to $145.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 6th. Royal Bank of Canada set a $142.00 target price on EOG Resources and gave the stock a “hold” rating in a research report on Thursday, September 20th. Zacks Investment Research raised EOG Resources from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a research report on Tuesday, October 16th. ValuEngine raised EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, September 19th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $138.00 target price on shares of EOG Resources in a research report on Friday, September 28th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $137.61.

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

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