EOG Resources Inc (EOG) Holdings Trimmed by Amalgamated Bank

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Amalgamated Bank lowered its stake in shares of EOG Resources Inc (NYSE:EOG) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,738 shares of the energy exploration company’s stock after selling 1,860 shares during the period. Amalgamated Bank’s holdings in EOG Resources were worth $8,896,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. NuWave Investment Management LLC raised its stake in EOG Resources by 2,366.7% during the third quarter. NuWave Investment Management LLC now owns 1,184 shares of the energy exploration company’s stock worth $151,000 after purchasing an additional 1,136 shares during the period. ELM Advisors LLC purchased a new position in EOG Resources during the third quarter worth approximately $162,000. Sun Life Financial INC raised its stake in EOG Resources by 464.4% during the second quarter. Sun Life Financial INC now owns 1,569 shares of the energy exploration company’s stock worth $195,000 after purchasing an additional 1,291 shares during the period. Honkamp Krueger Financial Services Inc. purchased a new position in EOG Resources during the third quarter worth approximately $198,000. Finally, Bridgeway Capital Management Inc. purchased a new position in EOG Resources during the third quarter worth approximately $202,000. 85.63% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on EOG shares. Wells Fargo & Co started coverage on shares of EOG Resources in a research note on Wednesday, October 24th. They issued a “market perform” rating and a $154.00 target price on the stock. ValuEngine downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Piper Jaffray Companies reissued a “buy” rating and issued a $145.00 target price on shares of EOG Resources in a research note on Thursday, August 30th. Morgan Stanley cut their target price on shares of EOG Resources from $128.00 to $122.00 and set a “hold” rating on the stock in a research note on Thursday, August 16th. Finally, Royal Bank of Canada set a $142.00 target price on shares of EOG Resources and gave the company a “hold” rating in a research note on Thursday, September 20th. Nine analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. EOG Resources presently has an average rating of “Buy” and a consensus target price of $136.33.

In related news, Director Charles R. Crisp sold 1,792 shares of the firm’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $116.80, for a total transaction of $209,305.60. Following the completion of the sale, the director now directly owns 49,741 shares of the company’s stock, valued at approximately $5,809,748.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David W. Trice sold 2,489 shares of the firm’s stock in a transaction on Friday, September 28th. The shares were sold at an average price of $127.44, for a total transaction of $317,198.16. Following the sale, the executive vice president now directly owns 74,807 shares of the company’s stock, valued at $9,533,404.08. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

EOG opened at $103.61 on Friday. The firm has a market cap of $60.35 billion, a P/E ratio of 92.51, a PEG ratio of 1.23 and a beta of 1.20. EOG Resources Inc has a twelve month low of $96.54 and a twelve month high of $133.53. The company has a quick ratio of 0.92, a current ratio of 1.09 and a debt-to-equity ratio of 0.28.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.19. The business had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.20 billion. EOG Resources had a net margin of 30.90% and a return on equity of 16.79%. The business’s revenue was up 80.8% on a year-over-year basis. During the same period last year, the business earned $0.19 EPS. Equities analysts forecast that EOG Resources Inc will post 5.96 earnings per share for the current year.

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EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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