13,325 EOG Resources, Inc. $EOG Shares Bought by ProShare Advisors LLC

Key Points

• ProShare Advisors increased its EOG Resources stake by 13.4% in the third quarter, buying 13,325 shares to hold 112,689 shares valued at approximately $15.5 million. Institutional investors and hedge funds collectively own 89.91% of EOG.
• EOG reported quarterly earnings of $5.07 per share, exceeding estimates of $4.97, while revenue rose 57.4% year over year to $8.62 billion. The stock opened at $157.81, near its 52-week high of $165.93.
• Insiders sold 52,317 shares worth $7.8 million over the past 90 days, while Wall Street maintained a consensus “Hold” rating with a $161.24 price target.

ProShare Advisors LLC grew its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 13.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,689 shares of the energy exploration company's stock after acquiring an additional 13,325 shares during the period. ProShare Advisors LLC's holdings in EOG Resources were worth $15,524,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of EOG. Patrick M Sweeney & Associates Inc. raised its holdings in shares of EOG Resources by 3.6% during the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 1,895 shares of the energy exploration company's stock valued at $261,000 after purchasing an additional 65 shares in the last quarter. Summitry LLC boosted its holdings in EOG Resources by 1.5% in the first quarter. Summitry LLC now owns 4,832 shares of the energy exploration company's stock worth $699,000 after purchasing an additional 73 shares in the last quarter. Murphy Pohlad Asset Management LLC boosted its holdings in EOG Resources by 4.8% in the third quarter. Murphy Pohlad Asset Management LLC now owns 1,661 shares of the energy exploration company's stock worth $229,000 after purchasing an additional 76 shares in the last quarter. Prime Capital Investment Advisors LLC increased its position in EOG Resources by 2.8% during the third quarter. Prime Capital Investment Advisors LLC now owns 2,762 shares of the energy exploration company's stock worth $381,000 after buying an additional 76 shares during the last quarter. Finally, Twin Capital Management Inc. increased its position in EOG Resources by 0.3% during the first quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company's stock worth $3,467,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Stock Down 4.7%

EOG opened at $157.81 on Tuesday. The business has a 50 day moving average of $149.15 and a 200-day moving average of $137.01. The stock has a market capitalization of $82.78 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 0.57 and a beta of 0.36. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $165.93.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. The business's revenue was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.32 EPS. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 17.70 earnings per share for the current year.

Insider Activity at EOG Resources

In related news, EVP Michael Donaldson sold 7,336 shares of EOG Resources stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the sale, the executive vice president directly owned 100,558 shares of the company's stock, valued at $14,882,584. This trade represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ezra Yacob sold 35,942 shares of the business's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the transaction, the chief executive officer owned 242,451 shares in the company, valued at $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 52,317 shares of company stock worth $7,823,480. Company insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of several recent research reports. Wall Street Zen upgraded EOG Resources from a "hold" rating to a "buy" rating in a report on Saturday, September 26th. Wells Fargo & Company restated an "overweight" rating and issued a $193.00 target price (down from $196.00) on shares of EOG Resources in a report on Thursday, August 13th. Jefferies Financial Group reiterated a "buy" rating and set a $185.00 price target on shares of EOG Resources in a report on Saturday, October 3rd. Barclays set a $147.00 target price on shares of EOG Resources and gave the stock an "equal weight" rating in a report on Monday, August 17th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $151.00 target price (up from $127.00) on shares of EOG Resources in a research report on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $161.24.

EOG Resources Company 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.

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