EOG Resources, Inc. $EOG Shares Purchased by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in EOG Resources, Inc. by 17.4%, owning approximately $194.9 million worth of shares as of its latest SEC filing.
• The energy exploration company reported earnings of $2.32 per share for the previous quarter, surpassing analysts' expectations and indicating a net margin of 25.25%.
• Institutional investors now hold 89.91% of EOG Resources’ stock, reflecting strong interest from large scale investors in the company.

AQR Capital Management LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 17.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,519,934 shares of the energy exploration company's stock after buying an additional 225,110 shares during the quarter. AQR Capital Management LLC owned about 0.28% of EOG Resources worth $194,916,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new position in EOG Resources in the 1st quarter worth approximately $26,000. Saudi Central Bank acquired a new position in EOG Resources in the 1st quarter worth approximately $28,000. Alpine Bank Wealth Management acquired a new position in EOG Resources in the 1st quarter worth approximately $34,000. Ameriflex Group Inc. acquired a new position in EOG Resources in the 4th quarter worth approximately $36,000. Finally, WPG Advisers LLC acquired a new position in EOG Resources in the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the sale, the chief operating officer directly owned 45,739 shares of the company's stock, valued at $5,472,671.35. This trade represents a 7.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

EOG has been the topic of a number of recent analyst reports. Melius initiated coverage on EOG Resources in a research report on Wednesday, August 20th. They set a "buy" rating and a $173.00 target price on the stock. Jefferies Financial Group reiterated a "buy" rating and set a $148.00 target price (up previously from $144.00) on shares of EOG Resources in a research report on Friday, June 13th. Stephens initiated coverage on EOG Resources in a research report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 target price on the stock. Barclays increased their target price on EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Finally, Morgan Stanley set a $135.00 target price on EOG Resources and gave the company an "equal weight" rating in a research report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.52.

EOG Resources Price Performance

EOG stock traded up $0.94 during midday trading on Tuesday, reaching $118.59. The stock had a trading volume of 671,379 shares, compared to its average volume of 3,511,783. The company's fifty day simple moving average is $120.14 and its 200 day simple moving average is $118.36. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The company has a market cap of $64.75 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 9.03 and a beta of 0.85. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.14 by $0.18. The company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.16 EPS. As a group, sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.