EOG Resources, Inc. $EOG Shares Purchased by Aware Super Pty Ltd as trustee of Aware Super

Key Points

• Aware Super increased its EOG Resources stake by 54.1% in the third quarter, buying 50,040 shares and ending the period with 142,467 shares valued at about $19.6 million.
• EOG reported quarterly earnings of $5.07 per share, above the $4.97 consensus estimate, while revenue of $8.62 billion topped expectations and rose 57.4% year over year.
• Analysts’ average rating was Hold, with an average price target of $161.24. Institutional investors collectively owned 89.91% of the company’s stock.

Aware Super Pty Ltd as trustee of Aware Super increased its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 54.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 142,467 shares of the energy exploration company's stock after purchasing an additional 50,040 shares during the period. Aware Super Pty Ltd as trustee of Aware Super's holdings in EOG Resources were worth $19,626,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Patrick M Sweeney & Associates Inc. lifted its position in EOG Resources by 3.6% during the third 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 during the last quarter. Summitry LLC grew its stake in shares of EOG Resources by 1.5% in the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company's stock worth $699,000 after buying an additional 73 shares in the last quarter. Murphy Pohlad Asset Management LLC increased its holdings in shares of EOG Resources by 4.8% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 1,661 shares of the energy exploration company's stock worth $229,000 after buying an additional 76 shares during the last quarter. Prime Capital Investment Advisors LLC increased its holdings in shares of EOG Resources by 2.8% in the 3rd 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 holdings in shares of EOG Resources by 0.3% in the 1st 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. Hedge funds and other institutional investors own 89.91% of the company's stock.

EOG Resources Stock Down 1.9%

Shares of EOG opened at $154.95 on Wednesday. The firm has a fifty day moving average price of $149.25 and a 200-day moving average price of $137.23. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $81.28 billion, a P/E ratio of 12.06, a P/E/G ratio of 0.56 and a beta of 0.27. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $165.93.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 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. During the same quarter last year, the firm posted $2.32 EPS. The firm's revenue was up 57.4% compared to the same quarter last year. Equities research analysts expect that EOG Resources, Inc. will post 17.70 earnings per share for the current year.

Analyst Ratings Changes

EOG has been the subject of several recent research reports. Wells Fargo & Company reiterated an "overweight" rating and issued a $193.00 price target (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. Wall Street Zen raised EOG Resources from a "hold" rating to a "buy" rating in a research note on Saturday, September 26th. UBS Group reiterated a "buy" rating and issued a $186.00 target price (up from $183.00) on shares of EOG Resources in a report on Friday, October 9th. Capital One Financial downgraded EOG Resources from an "overweight" rating to an "equal weight" rating and set a $153.00 target price on the stock. in a research report on Wednesday, August 26th. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $151.00 price target (up from $127.00) on shares of EOG Resources in a research report on Monday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $161.24.

Insiders Place Their Bets

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

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.

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