Pictet Asset Management Ltd. Has $36.84 Million Stake in EOG Resources Inc (EOG)

Pictet Asset Management Ltd. trimmed its holdings in shares of EOG Resources Inc (NYSE:EOG) by 7.0% in the third quarter, HoldingsChannel.com reports. The fund owned 288,814 shares of the energy exploration company’s stock after selling 21,900 shares during the quarter. Pictet Asset Management Ltd.’s holdings in EOG Resources were worth $36,844,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EOG. FMR LLC lifted its holdings in shares of EOG Resources by 17.5% during the 2nd quarter. FMR LLC now owns 25,710,159 shares of the energy exploration company’s stock worth $3,199,115,000 after acquiring an additional 3,822,930 shares during the period. Chevy Chase Trust Holdings Inc. bought a new position in shares of EOG Resources during the 2nd quarter worth about $104,146,000. Nan Shan Life Insurance Co. Ltd. acquired a new stake in shares of EOG Resources during the 3rd quarter worth about $78,966,000. Findlay Park Partners LLP increased its position in shares of EOG Resources by 45.1% during the 2nd quarter. Findlay Park Partners LLP now owns 1,924,467 shares of the energy exploration company’s stock worth $239,461,000 after purchasing an additional 597,717 shares in the last quarter. Finally, Natixis increased its position in shares of EOG Resources by 1,472.5% during the 2nd quarter. Natixis now owns 368,373 shares of the energy exploration company’s stock worth $45,769,000 after purchasing an additional 344,947 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

EOG opened at $103.31 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.09 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $59.91 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 1.22 and a beta of 1.16. EOG Resources Inc has a 1-year low of $96.54 and a 1-year high of $133.53.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.19. The firm had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.20 billion. EOG Resources had a net margin of 30.90% and a return on equity of 16.79%. The company’s quarterly revenue was up 80.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 EPS. As a group, equities research analysts forecast that EOG Resources Inc will post 5.94 EPS for the current year.

A number of equities research analysts recently issued reports on the stock. Piper Jaffray Companies set a $138.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a research report on Sunday, September 30th. Morgan Stanley increased their target price on shares of EOG Resources from $122.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, September 26th. BMO Capital Markets reiterated a “buy” rating and set a $140.00 target price on shares of EOG Resources in a research report on Thursday, October 11th. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research report on Tuesday, October 16th. Finally, ValuEngine upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, September 19th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $137.61.

In other EOG Resources news, Director Charles R. Crisp sold 1,792 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $116.80, for a total value of $209,305.60. Following the completion of the sale, the director now owns 49,741 shares in the company, valued at approximately $5,809,748.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $317,198.16. Following the completion of the sale, the executive vice president now owns 74,807 shares of the company’s stock, valued at approximately $9,533,404.08. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

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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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