EOG Resources, Inc. $EOG Stock Holdings Lifted by Vise Technologies Inc.

Key Points

• Vise Technologies increased its EOG Resources stake by 24.9% in the third quarter to 48,583 shares valued at approximately $6.7 million. Institutional investors and hedge funds collectively own 89.91% of the company.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $161.24. Targets range from $144 to $187, while recent ratings included upgrades, downgrades and neutral assessments.
• EOG reported strong quarterly results, generating $5.07 in earnings per share versus the $4.97 consensus estimate and $8.62 billion in revenue, up 57.4% year over year. However, company insiders sold more than 52,000 shares worth about $7.8 million over the past 90 days.

Vise Technologies Inc. increased its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 24.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,583 shares of the energy exploration company's stock after acquiring an additional 9,682 shares during the quarter. Vise Technologies Inc.'s holdings in EOG Resources were worth $6,693,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of EOG Resources during the 2nd quarter valued at $5,905,587,000. Bank of New York Mellon Corp acquired a new position in shares of EOG Resources during the second quarter worth about $654,899,000. Bank of America Corp DE acquired a new position in shares of EOG Resources during the second quarter worth about $551,321,000. Deutsche Bank AG purchased a new stake in shares of EOG Resources in the second quarter worth about $251,102,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of EOG Resources by 357.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,971,842 shares of the energy exploration company's stock worth $271,641,000 after buying an additional 1,541,140 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. 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 report on Wednesday, August 26th. Susquehanna boosted their price target on EOG Resources from $170.00 to $187.00 and gave the stock a "positive" rating in a research note on Tuesday, October 20th. Scotiabank assumed coverage on EOG Resources in a report on Wednesday, October 14th. They issued a "sector perform" rating and a $144.00 price target for the company. Wall Street Zen upgraded EOG Resources from a "hold" rating to a "buy" rating in a research note on Saturday, September 26th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $151.00 price objective (up from $127.00) on shares of EOG Resources in a report on Monday, August 24th. Two investment 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $161.24.

Insider Buying and Selling

In related news, CEO Ezra Y. Yacob sold 35,942 shares of the company's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the transaction, the chief executive officer directly owned 242,451 shares in the company, valued at $36,876,797.10. This represents a 12.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 7,336 shares of EOG Resources stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the sale, the executive vice president owned 100,558 shares in the company, valued at approximately $14,882,584. This 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 over the last ninety days. 0.14% of the stock is owned by insiders.

EOG Resources Trading Down 4.7%

NYSE:EOG opened at $157.81 on Tuesday. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The business's 50 day moving average is $149.15 and its two-hundred day moving average is $137.01. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $165.93. The company has a market cap of $82.78 billion, a PE ratio of 12.28, a P/E/G ratio of 0.57 and a beta of 0.36.

EOG Resources (NYSE:EOG - Get Free Report) last issued its 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. The company had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The business's revenue was up 57.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.32 EPS. On average, analysts predict that EOG Resources, Inc. will post 17.70 EPS for the current year.

About EOG Resources

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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