Tevis Investment Management Boosts Holdings in EOG Resources, Inc. (NYSE:EOG)

Tevis Investment Management raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 15,932 shares of the energy exploration company’s stock after acquiring an additional 118 shares during the period. EOG Resources makes up about 1.4% of Tevis Investment Management’s holdings, making the stock its 22nd largest holding. Tevis Investment Management’s holdings in EOG Resources were worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of EOG. Northwest Investment Counselors LLC purchased a new position in EOG Resources during the 3rd quarter valued at approximately $26,000. Riverview Trust Co purchased a new position in shares of EOG Resources in the second quarter valued at $27,000. MFA Wealth Advisors LLC bought a new stake in EOG Resources in the second quarter worth $28,000. Eastern Bank purchased a new stake in EOG Resources during the third quarter valued at $28,000. Finally, Gladius Capital Management LP bought a new position in EOG Resources during the second quarter valued at $30,000. Institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In related news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now directly owns 60,892 shares of the company’s stock, valued at $7,648,035.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,537 shares of company stock valued at $2,751,612. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of several recent research reports. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. Morgan Stanley decreased their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. KeyCorp dropped their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Royal Bank of Canada restated a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a report on Monday, October 14th. Finally, Scotiabank dropped their price objective on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Fourteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus price target of $141.20.

EOG Resources Price Performance

EOG opened at $120.52 on Thursday. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The business’s fifty day simple moving average is $125.64 and its 200-day simple moving average is $126.41. The company has a market capitalization of $69.26 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 3.26 and a beta of 1.28. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.07 billion. During the same period in the prior year, the business earned $2.49 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.71 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.