ProShare Advisors LLC Buys 13,325 Shares of EOG Resources, Inc. $EOG

ProShare Advisors LLC raised its stake in EOG Resources, Inc. (NYSE:EOG) by 13.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 112,689 shares of the energy exploration company’s stock after acquiring an additional 13,325 shares during the period. ProShare Advisors LLC’s holdings in EOG Resources were worth $15,524,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vise Technologies Inc. boosted its holdings in shares of EOG Resources by 24.9% in the 3rd quarter. Vise Technologies Inc. now owns 48,583 shares of the energy exploration company’s stock worth $6,693,000 after acquiring an additional 9,682 shares in the last quarter. Cidel Asset Management Inc. increased its holdings in EOG Resources by 2.7% during the 3rd quarter. Cidel Asset Management Inc. now owns 8,308 shares of the energy exploration company’s stock valued at $1,145,000 after purchasing an additional 219 shares in the last quarter. Unison Advisors LLC increased its holdings in EOG Resources by 0.8% during the 3rd quarter. Unison Advisors LLC now owns 31,234 shares of the energy exploration company’s stock valued at $4,303,000 after purchasing an additional 233 shares in the last quarter. MGO One Seven LLC increased its holdings in EOG Resources by 22.1% during the 3rd quarter. MGO One Seven LLC now owns 10,782 shares of the energy exploration company’s stock valued at $1,485,000 after purchasing an additional 1,954 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC raised its position in EOG Resources by 19.7% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 2,539 shares of the energy exploration company’s stock valued at $350,000 after purchasing an additional 417 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Down 4.7%

NYSE EOG opened at $157.81 on Tuesday. The stock has a 50-day simple moving average of $149.15 and a 200 day simple moving average of $137.01. The company has a market capitalization of $82.78 billion, a PE ratio of 12.28, a P/E/G ratio of 0.57 and a beta of 0.36. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $165.93.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The firm had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. During the same quarter last year, the business earned $2.32 earnings per share. The company’s revenue was up 57.4% compared to the same quarter last year. Research analysts forecast that EOG Resources, Inc. will post 17.70 EPS for the current year.

Insider Activity

In other news, CEO Ezra Y. Yacob sold 35,942 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the transaction, the chief executive officer owned 242,451 shares of the company’s stock, valued at $36,876,797.10. The trade was a 12.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 7,336 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the completion of the sale, the executive vice president owned 100,558 shares of the company’s stock, valued at approximately $14,882,584. This represents a 6.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 52,317 shares of company stock valued at $7,823,480 in the last ninety days. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

EOG has been the subject of a number of research reports. Wall Street Zen upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Zacks Research raised shares of EOG Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 16th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $151.00 target price (up from $127.00) on shares of EOG Resources in a research note on Monday, August 24th. Capital One Financial lowered shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price target for the company. in a report on Wednesday, August 26th. Finally, Stifel Nicolaus initiated coverage on shares of EOG Resources in a research report on Thursday, September 10th. They issued a “hold” rating and a $158.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $161.24.

EOG Resources Profile

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.