NuWave Investment Management LLC Purchases New Position in EOG Resources Inc (EOG)

NuWave Investment Management LLC purchased a new stake in EOG Resources Inc (NYSE:EOG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,418 shares of the energy exploration company’s stock, valued at approximately $477,000.

A number of other hedge funds also recently bought and sold shares of EOG. Balyasny Asset Management LLC bought a new position in shares of EOG Resources during the 2nd quarter worth approximately $1,068,000. AHL Partners LLP boosted its stake in shares of EOG Resources by 38.5% during the 2nd quarter. AHL Partners LLP now owns 4,858 shares of the energy exploration company’s stock worth $440,000 after acquiring an additional 1,350 shares during the period. National Asset Management Inc. boosted its stake in shares of EOG Resources by 4.4% during the 2nd quarter. National Asset Management Inc. now owns 2,796 shares of the energy exploration company’s stock worth $254,000 after acquiring an additional 119 shares during the period. Gofen & Glossberg LLC IL boosted its stake in shares of EOG Resources by 1.8% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 7,863 shares of the energy exploration company’s stock worth $712,000 after acquiring an additional 137 shares during the period. Finally, WINTON GROUP Ltd boosted its stake in shares of EOG Resources by 87.9% during the 2nd quarter. WINTON GROUP Ltd now owns 8,859 shares of the energy exploration company’s stock worth $802,000 after acquiring an additional 4,144 shares during the period. Hedge funds and other institutional investors own 85.44% of the company’s stock.

Several research analysts have recently commented on the company. Zacks Investment Research downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. BMO Capital Markets reiterated a “buy” rating and set a $120.00 target price on shares of EOG Resources in a research note on Thursday, January 11th. Stifel Nicolaus set a $136.00 target price on EOG Resources and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Robert W. Baird reduced their target price on EOG Resources from $115.00 to $114.00 and set an “outperform” rating for the company in a research note on Monday, December 18th. Finally, Barclays lifted their target price on EOG Resources from $117.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, November 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $116.64.

Shares of EOG Resources Inc (NYSE EOG) opened at $103.14 on Tuesday. The firm has a market capitalization of $57,862.39, a P/E ratio of 10,314.00, a P/E/G ratio of 3.09 and a beta of 1.01. 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 fifty-two week low of $81.99 and a fifty-two week high of $119.00.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th were issued a dividend of $0.1675 per share. The ex-dividend date of this dividend was Tuesday, January 16th. This represents a $0.67 annualized dividend and a yield of 0.65%. EOG Resources’s payout ratio is currently 6,700.00%.

In other EOG Resources news, CFO Timothy K. Driggers sold 8,871 shares of EOG Resources stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $105.45, for a total value of $935,446.95. Following the completion of the transaction, the chief financial officer now directly owns 185,157 shares of the company’s stock, valued at approximately $19,524,805.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 1,741 shares of EOG Resources stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $106.00, for a total value of $184,546.00. Following the completion of the transaction, the executive vice president now directly owns 75,118 shares of the company’s stock, valued at $7,962,508. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,934 shares of company stock valued at $7,820,085. 0.53% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: This story was published by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/3195406/nuwave-investment-management-llc-purchases-new-position-in-eog-resources-inc-eog.html.

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.

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources Inc (NYSE:EOG).

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

Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2018 Ticker Report. Google+.