Neuberger Berman Group LLC Reduces Position in EOG Resources, Inc. (EOG)

Neuberger Berman Group LLC lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,367,678 shares of the energy exploration company’s stock after selling 95,841 shares during the quarter. EOG Resources accounts for 0.8% of Neuberger Berman Group LLC’s portfolio, making the stock its 9th biggest holding. Neuberger Berman Group LLC owned about 1.10% of EOG Resources worth $616,009,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Baker Ellis Asset Management LLC purchased a new stake in shares of EOG Resources in the 3rd quarter worth $101,000. Winfield Associates Inc. lifted its holdings in shares of EOG Resources by 1.7% in the 2nd quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock worth $103,000 after buying an additional 19 shares during the period. First Personal Financial Services lifted its holdings in shares of EOG Resources by 53.6% in the 2nd quarter. First Personal Financial Services now owns 1,372 shares of the energy exploration company’s stock worth $124,000 after buying an additional 479 shares during the period. Fis Group Inc. purchased a new stake in shares of EOG Resources in the 3rd quarter worth $130,000. Finally, Pinnacle Financial Partners Inc. purchased a new stake in shares of EOG Resources in the 2nd quarter worth $143,000. Institutional investors own 86.20% of the company’s stock.

Shares of EOG Resources, Inc. (EOG) traded up $0.82 during trading hours on Tuesday, reaching $101.21. The company had a trading volume of 1,946,800 shares, compared to its average volume of 3,080,763. EOG Resources, Inc. has a 12 month low of $81.99 and a 12 month high of $109.37. The firm has a market cap of $58,047.42, a price-to-earnings ratio of 244.85, a P/E/G ratio of 13.24 and a beta of 0.98. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period in the prior year, the company posted ($0.40) EPS. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. equities analysts predict that EOG Resources, Inc. will post 0.84 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on the company. Credit Suisse Group assumed coverage on EOG Resources in a report on Monday. They issued a “neutral” rating and a $106.00 target price for the company. BMO Capital Markets set a $105.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Tuesday, October 10th. Imperial Capital started coverage on EOG Resources in a research note on Thursday, September 28th. They set an “outperform” rating and a $115.00 price objective for the company. BidaskClub cut EOG Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, Robert W. Baird set a $114.00 price objective on EOG Resources and gave the stock a “buy” rating in a research note on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $109.33.

In other news, Director Charles R. Crisp sold 3,411 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.03, for a total value of $330,969.33. Following the transaction, the director now directly owns 53,196 shares of the company’s stock, valued at $5,161,607.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary L. Thomas sold 25,000 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $96.63, for a total value of $2,415,750.00. Following the completion of the transaction, the insider now directly owns 1,067,465 shares in the company, valued at $103,149,142.95. The disclosure for this sale can be found here. Insiders sold 153,692 shares of company stock worth $3,717,390 over the last three months. Corporate insiders own 0.53% of the company’s stock.

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EOG Resources Profile

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

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

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