Woodline Partners LP Invests $15.72 Million in EOG Resources, Inc. $EOG

Woodline Partners LP acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 122,600 shares of the energy exploration company’s stock, valued at approximately $15,722,000.

Several other hedge funds have also made changes to their positions in EOG. Silvercrest Asset Management Group LLC raised its position in shares of EOG Resources by 14.8% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company’s stock worth $101,256,000 after buying an additional 106,677 shares during the period. ARGA Investment Management LP boosted its holdings in EOG Resources by 24.2% in the first quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company’s stock valued at $1,724,000 after acquiring an additional 2,616 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in EOG Resources by 15.3% in the first quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company’s stock valued at $2,609,000 after acquiring an additional 2,697 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in EOG Resources by 37.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company’s stock valued at $20,852,000 after acquiring an additional 44,687 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in EOG Resources by 30.1% in the first quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after acquiring an additional 45,295 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the sale, the chief operating officer directly owned 45,739 shares of the company’s stock, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on EOG shares. Raymond James Financial lifted their target price on EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 22nd. Roth Capital cut EOG Resources from a “buy” rating to a “neutral” rating and reduced their target price for the company from $140.00 to $134.00 in a report on Wednesday, July 9th. Jefferies Financial Group reiterated a “buy” rating and issued a $148.00 target price (up previously from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Stephens started coverage on EOG Resources in a report on Tuesday, June 17th. They issued an “equal weight” rating and a $137.00 target price on the stock. Finally, Royal Bank Of Canada cut their price objective on EOG Resources from $145.00 to $140.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 8th. One 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $143.52.

EOG Resources Trading Up 2.4%

NYSE:EOG opened at $120.17 on Thursday. The business’s 50-day moving average is $120.01 and its two-hundred day moving average is $118.37. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The firm has a market capitalization of $65.61 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 8.98 and a beta of 0.85.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating the consensus estimate 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 last year, the company posted $3.16 earnings per share. The firm’s revenue was down 9.1% compared to the same quarter last year. Research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Company 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.