Princeton Global Asset Management LLC Purchases 1,552 Shares of EOG Resources Inc (NYSE:EOG)

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Princeton Global Asset Management LLC grew its position in EOG Resources Inc (NYSE:EOG) by 6.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,009 shares of the energy exploration company’s stock after acquiring an additional 1,552 shares during the quarter. EOG Resources comprises about 1.0% of Princeton Global Asset Management LLC’s portfolio, making the stock its 28th largest position. Princeton Global Asset Management LLC’s holdings in EOG Resources were worth $1,791,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EOG. Keeley Teton Advisors LLC increased its stake in EOG Resources by 47.5% in the third quarter. Keeley Teton Advisors LLC now owns 12,138 shares of the energy exploration company’s stock worth $901,000 after purchasing an additional 3,907 shares during the period. Lockheed Martin Investment Management Co. boosted its stake in shares of EOG Resources by 9.6% during the third quarter. Lockheed Martin Investment Management Co. now owns 55,330 shares of the energy exploration company’s stock valued at $4,106,000 after purchasing an additional 4,830 shares during the period. Man Group plc boosted its stake in shares of EOG Resources by 207.5% during the third quarter. Man Group plc now owns 516,241 shares of the energy exploration company’s stock valued at $38,315,000 after purchasing an additional 348,353 shares during the period. Squarepoint Ops LLC bought a new position in shares of EOG Resources in the third quarter worth about $63,240,000. Finally, Voloridge Investment Management LLC bought a new position in shares of EOG Resources in the third quarter worth about $7,629,000. Hedge funds and other institutional investors own 85.85% of the company’s stock.

Shares of EOG traded down $2.01 during mid-day trading on Tuesday, hitting $68.78. The company’s stock had a trading volume of 4,555,503 shares, compared to its average volume of 3,913,630. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average is $71.32 and its 200-day moving average is $79.59. EOG Resources Inc has a 52-week low of $64.33 and a 52-week high of $108.78. The firm has a market capitalization of $41.25 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.59 and a beta of 1.36.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.13. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.38 billion. EOG Resources had a net margin of 16.96% and a return on equity of 13.94%. EOG Resources’s revenue was down 10.0% compared to the same quarter last year. During the same period last year, the company posted $1.75 earnings per share. As a group, sell-side analysts predict that EOG Resources Inc will post 4.73 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. Citigroup decreased their price objective on shares of EOG Resources from $93.00 to $88.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. SunTrust Banks upped their target price on shares of EOG Resources to $80.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. They noted that the move was a valuation call. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Guggenheim set a $108.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, Wells Fargo & Co lifted their price target on shares of EOG Resources from $101.00 to $103.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Eight analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. EOG Resources has an average rating of “Buy” and an average price target of $105.90.

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 People's Republic of China, and Canada.

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

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