Teewinot Capital Advisers L.L.C. Purchases Shares of 11,671 EOG Resources, Inc. $EOG

Key Points

• Teewinot Capital Advisers L.L.C. has invested approximately $1.50 million in EOG Resources, acquiring 11,671 shares, as reported in their recent SEC disclosure.
• Analysts have varied opinions on EOG Resources, with Raymond James increasing their target price to $161.00 and others maintaining or lowering different price targets, leading to a consensus rating of "Moderate Buy".
• EOG Resources reported $2.32 EPS for the last quarter, surpassing estimates, but revenue declined 9.1% year-over-year.

Teewinot Capital Advisers L.L.C. acquired a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,671 shares of the energy exploration company's stock, valued at approximately $1,497,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in EOG Resources by 0.7% in the first quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company's stock valued at $6,922,633,000 after buying an additional 348,895 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in EOG Resources by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company's stock valued at $2,485,402,000 after purchasing an additional 1,188,552 shares during the last quarter. Northern Trust Corp boosted its stake in shares of EOG Resources by 6.3% during the first quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company's stock valued at $779,433,000 after acquiring an additional 358,916 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of EOG Resources by 3.9% during the first quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company's stock valued at $757,808,000 after acquiring an additional 223,294 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of EOG Resources by 1.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company's stock valued at $709,201,000 after acquiring an additional 60,454 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction dated 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 owned 45,739 shares of the company's stock, valued at $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

EOG Resources Price Performance

Shares of EOG traded down $1.35 during midday trading on Friday, reaching $118.65. The stock had a trading volume of 730,505 shares, compared to its average volume of 3,490,601. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The firm's 50 day moving average price is $119.92 and its 200-day moving average price is $118.27. The company has a market capitalization of $64.78 billion, a P/E ratio of 11.53, a P/E/G ratio of 9.21 and a beta of 0.85.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same period in the previous year, the firm earned $3.16 earnings per share. EOG Resources's revenue for the quarter was down 9.1% compared to the same quarter last year. On average, analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on EOG shares. Melius started 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. Stephens started coverage on EOG Resources in a research note on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 target price for the company. Piper Sandler lowered their target price on EOG Resources from $138.00 to $136.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Wells Fargo & Company restated an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. Finally, Barclays raised their price objective on EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, EOG Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.52.

EOG Resources Profile

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.