Madison Investment Holdings Inc. Buys New Position in EOG Resources, Inc. (EOG)

Madison Investment Holdings Inc. acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 214,327 shares of the energy exploration company’s stock, valued at approximately $20,734,000.

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

A number of research firms have weighed in on EOG. Imperial Capital began coverage on EOG Resources in a research report on Thursday, September 28th. They issued an “outperform” rating and a $115.00 target price for the company. Morgan Stanley upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $97.00 to $106.00 in a research report on Tuesday, September 12th. Barclays upped their target price on EOG Resources from $117.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. Robert W. Baird set a $114.00 target price on EOG Resources and gave the stock a “buy” rating in a research report on Friday, November 17th. Finally, BMO Capital Markets set a $105.00 target price on EOG Resources and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $109.42.

In other news, EVP Michael P. Donaldson sold 6,167 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $97.50, for a total transaction of $601,282.50. Following the transaction, the executive vice president now directly owns 74,316 shares in the company, valued at approximately $7,245,810. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Gary L. Thomas sold 25,000 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the transaction, the insider now owns 1,067,465 shares in the company, valued at $103,149,142.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 153,692 shares of company stock worth $3,717,390. Company insiders own 0.53% of the company’s stock.

Shares of EOG Resources, Inc. (NYSE:EOG) opened at $100.39 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27. EOG Resources, Inc. has a one year low of $81.99 and a one year high of $109.37. The stock has a market cap of $58,050.00, a price-to-earnings ratio of 244.85, a price-to-earnings-growth ratio of 13.24 and a beta of 0.98.

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 consensus estimate of $0.12 by $0.07. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the business earned ($0.40) EPS. The company’s revenue was up 24.8% on a year-over-year basis. equities research analysts anticipate that EOG Resources, Inc. will post 0.84 earnings per share for the current year.

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About EOG Resources

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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