EOG Resources, Inc. $EOG Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 24.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 48,583 shares of the energy exploration company’s stock after buying an additional 9,682 shares during the quarter. Vise Technologies Inc.’s holdings in EOG Resources were worth $6,693,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. BlackRock Inc. purchased a new stake in shares of EOG Resources in the second quarter valued at $5,905,587,000. Dimensional Fund Advisors LP grew its holdings in shares of EOG Resources by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 5,865,073 shares of the energy exploration company’s stock valued at $848,228,000 after buying an additional 54,091 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of EOG Resources during the second quarter valued at $654,899,000. Bank of America Corp DE acquired a new position in EOG Resources during the second quarter valued at $551,321,000. Finally, First Trust Advisors LP raised its position in EOG Resources by 15.7% during the first quarter. First Trust Advisors LP now owns 3,446,002 shares of the energy exploration company’s stock valued at $498,189,000 after buying an additional 468,090 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at EOG Resources

In other EOG Resources news, EVP Michael Donaldson sold 7,336 shares of EOG Resources stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the sale, the executive vice president directly owned 100,558 shares in the company, valued at $14,882,584. The trade was a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey Leitzell sold 9,039 shares of EOG Resources stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the completion of the sale, the chief operating officer owned 90,790 shares of the company’s stock, valued at $12,765,981.90. This trade represents a 9.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 52,317 shares of company stock valued at $7,823,480. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Zacks Research raised EOG Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 16th. Susquehanna raised their price target on shares of EOG Resources from $170.00 to $187.00 and gave the stock a “positive” rating in a report on Tuesday, October 20th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $186.00 price objective (up from $183.00) on shares of EOG Resources in a research report on Thursday, September 17th. Citigroup reiterated a “neutral” rating and issued a $150.00 price objective (up from $141.00) on shares of EOG Resources in a research note on Thursday, August 27th. Finally, Scotiabank started coverage on shares of EOG Resources in a research report on Wednesday, October 14th. They issued a “sector perform” rating and a $144.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $161.24.

EOG Resources Stock Down 4.7%

EOG opened at $157.81 on Tuesday. The company has a market capitalization of $82.78 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 0.57 and a beta of 0.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $165.93. The business has a 50-day moving average of $149.15 and a 200-day moving average of $137.01.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same quarter in the previous year, the business posted $2.32 EPS. The firm’s quarterly revenue was up 57.4% compared to the same quarter last year. Equities research analysts forecast that EOG Resources, Inc. will post 17.70 EPS for the current fiscal year.

EOG Resources Profile

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.