Shepherd Financial Partners LLC Increases Holdings in EOG Resources, Inc. (NYSE:EOG)

Shepherd Financial Partners LLC increased its stake in EOG Resources, Inc. (NYSE:EOG) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,433 shares of the energy exploration company’s stock after purchasing an additional 587 shares during the quarter. Shepherd Financial Partners LLC’s holdings in EOG Resources were worth $2,143,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in EOG. Stephens Inc. AR grew its position in EOG Resources by 5.3% during the third quarter. Stephens Inc. AR now owns 5,083 shares of the energy exploration company’s stock worth $625,000 after buying an additional 258 shares in the last quarter. Lincluden Management Ltd. boosted its holdings in shares of EOG Resources by 1.1% in the 3rd quarter. Lincluden Management Ltd. now owns 34,397 shares of the energy exploration company’s stock worth $4,228,000 after purchasing an additional 377 shares in the last quarter. Oak Ridge Investments LLC boosted its holdings in shares of EOG Resources by 7.7% in the 3rd quarter. Oak Ridge Investments LLC now owns 38,963 shares of the energy exploration company’s stock worth $4,790,000 after purchasing an additional 2,780 shares in the last quarter. United Asset Strategies Inc. boosted its holdings in shares of EOG Resources by 12.4% in the 3rd quarter. United Asset Strategies Inc. now owns 6,072 shares of the energy exploration company’s stock worth $746,000 after purchasing an additional 669 shares in the last quarter. Finally, HM Payson & Co. lifted its stake in shares of EOG Resources by 203.7% in the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock valued at $40,000 after acquiring an additional 220 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

NYSE:EOG traded down $0.07 on Friday, reaching $121.89. 473,164 shares of the company’s stock traded hands, compared to its average volume of 3,130,748. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock has a 50-day simple moving average of $125.58 and a 200-day simple moving average of $126.38. The firm has a market cap of $69.31 billion, a PE ratio of 9.42, a P/E/G ratio of 3.17 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 quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. During the same quarter last year, the business posted $2.49 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts forecast that EOG Resources, Inc. will post 11.59 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. KeyCorp lowered their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a research report on Monday, October 14th. Barclays lowered their price target on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. Finally, Scotiabank reduced their target price on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $141.20.

Insider Buying and Selling

In related news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly 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 is accessible through the SEC website. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the transaction, the director now directly owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. 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 three months, insiders sold 21,537 shares of company stock valued at $2,751,612. Insiders own 0.30% of the company’s stock.

EOG Resources 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.