Southport Management L.L.C. Takes Position in EOG Resources, Inc. (EOG)

Southport Management L.L.C. acquired a new stake in EOG Resources, Inc. (NYSE:EOG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the energy exploration company’s stock, valued at approximately $967,000. EOG Resources accounts for about 2.6% of Southport Management L.L.C.’s holdings, making the stock its 12th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Keeley Teton Advisors LLC increased its stake in EOG Resources by 23.3% during the third quarter. Keeley Teton Advisors LLC now owns 38,331 shares of the energy exploration company’s stock worth $3,708,000 after purchasing an additional 7,254 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in EOG Resources by 2.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 170,612 shares of the energy exploration company’s stock worth $16,505,000 after purchasing an additional 3,863 shares during the period. King Luther Capital Management Corp increased its stake in EOG Resources by 2.4% during the third quarter. King Luther Capital Management Corp now owns 1,670,661 shares of the energy exploration company’s stock worth $161,620,000 after purchasing an additional 39,580 shares during the period. Synovus Financial Corp increased its stake in EOG Resources by 1.2% during the third quarter. Synovus Financial Corp now owns 41,519 shares of the energy exploration company’s stock worth $4,023,000 after purchasing an additional 506 shares during the period. Finally, Northeast Investment Management increased its stake in EOG Resources by 8.8% during the third quarter. Northeast Investment Management now owns 26,957 shares of the energy exploration company’s stock worth $2,608,000 after purchasing an additional 2,189 shares during the period. Hedge funds and other institutional investors own 86.20% of the company’s stock.

In other EOG Resources news, insider Gary L. Thomas sold 25,000 shares of the stock in a transaction on Friday, September 29th. The stock was 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 owns 1,067,465 shares in the company, valued at $103,149,142.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 6,167 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $97.50, for a total value of $601,282.50. Following the completion of the transaction, the executive vice president now owns 74,316 shares of the company’s stock, valued at approximately $7,245,810. The disclosure for this sale can be found here. Insiders have sold 153,692 shares of company stock valued at $3,717,390 in the last 90 days. Company insiders own 0.53% of the company’s stock.

A number of brokerages have issued reports on EOG. Royal Bank Of Canada boosted their price target on shares of EOG Resources from $107.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 7th. Jefferies Group upped their target price on shares of EOG Resources from $95.00 to $99.00 and gave the stock a “hold” rating in a research note on Tuesday, November 7th. Piper Jaffray Companies restated a “buy” rating and set a $106.00 target price on shares of EOG Resources in a research note on Wednesday, November 22nd. Barclays upped their target price on shares of EOG Resources from $117.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, November 20th. Finally, Robert W. Baird set a $114.00 target price on shares of 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 assigned a hold rating and eighteen have issued a buy rating to the stock. EOG Resources presently has a consensus rating of “Buy” and a consensus price target of $109.42.

EOG Resources, Inc. (NYSE:EOG) traded down $2.04 during trading on Thursday, hitting $98.86. The stock had a trading volume of 2,768,400 shares, compared to its average volume of 3,098,190. EOG Resources, Inc. has a twelve month low of $81.99 and a twelve month high of $109.37. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. The stock has a market capitalization of $58,342.32, a PE ratio of 246.10, a PEG ratio of 13.31 and a beta of 0.98.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, topping 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 business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the prior year, the business earned ($0.40) earnings per share. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. sell-side analysts expect that EOG Resources, Inc. will post 0.84 EPS for the current fiscal year.

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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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