Sowell Financial Services LLC Invests $376,000 in EOG Resources Inc (EOG) Stock

Sowell Financial Services LLC bought a new stake in EOG Resources Inc (NYSE:EOG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,947 shares of the energy exploration company’s stock, valued at approximately $376,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NuWave Investment Management LLC boosted its stake in 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 acquiring an additional 1,136 shares during the last quarter. ELM Advisors LLC purchased a new position in EOG Resources in the third quarter valued at about $162,000. Sun Life Financial INC boosted its stake 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 valued at $195,000 after acquiring an additional 1,291 shares during the last quarter. Bridgeway Capital Management Inc. purchased a new position in EOG Resources in the third quarter valued at about $202,000. Finally, Coho Partners Ltd. purchased a new position in EOG Resources in the third quarter valued at about $203,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

EOG Resources stock opened at $103.31 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 1.09. The company has a market cap of $59.91 billion, a P/E ratio of 92.24, a PEG ratio of 1.22 and a beta of 1.20. 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 earnings results on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.19. The business 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%. EOG Resources’s revenue was up 80.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 EPS. Research analysts expect that EOG Resources Inc will post 5.94 EPS for the current year.

A number of brokerages recently commented on EOG. ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. Zacks Investment Research cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Morgan Stanley dropped their price target on shares of EOG Resources from $133.00 to $118.00 and set a “hold” rating on the stock in a research note on Tuesday, November 20th. Barclays upped their price target on shares of EOG Resources from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, November 15th. Finally, Credit Suisse Group upgraded shares of EOG Resources from a “neutral” rating to an “outperform” rating and set a $128.00 price target on the stock in a research note on Friday, November 16th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. EOG Resources has an average rating of “Buy” and an average price target of $137.61.

In related news, EVP David W. Trice sold 2,489 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $127.44, for a total transaction of $317,198.16. Following the sale, the executive vice president now owns 74,807 shares of the company’s stock, valued at approximately $9,533,404.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 1,792 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $116.80, for a total transaction of $209,305.60. Following the sale, 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. Corporate insiders own 0.51% of the company’s stock.

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EOG Resources 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.

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

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