Track This Insider Trading at EOG Resources

EOG Resources, insider trading: Yesterday, Tuesday Oct. 8th, two insiders from EOG Resources Inc (NYSE:EOG) filed a Form 4 Statement with the SEC, declaring that they had acquired stock from the company last Friday, Oct. 4th. The insiders are Jr W Lloyd Helms, Excutive Vice President at the Exploration & Production segment, and L Gary Thomas, CEO. They bought 1.454 and 8.537 shares, respectively, at a price of $174.59 (both).

Raj Rajaratnam listening to tip

Although the purchases are small, they are relevant in one particular sense: they come to reverse a trend. Over the last month, both of them had sold considerable amounts of stock. However, prices escalated considerably since their sales.

After the reported transaction, Helms owns about $5,795,315 worth in stock. Thomas holds an even bigger stake, worth $84,562,033. In addition to these two insiders, several of the hedge funds that we track hold big stakes in EOG. Ken Griffin‘s Citadel Investment Group holds about $280,059,000 worth in stock; Ric Dillon‘s Diamond Hill Capital, roughly $209,206,000; and Steven Cohen‘s SAC Capital, $183,552,000. In addition to these hedgies, another 54 funds that we track are betting on this oil and gas company with more than $46 billion in market capitalization.

The purchases were surrounded by several buy recommendations and upgrades (e.g. from Deutsche Bank, which increased its target price from $173 to $176 per share). On the day of the purchase and Deutsche Bank’s upgrade, the stock was up 1.6%. However, in the days that followed, it fell 1.3%, losing most of the ground won.

But, trading at more than 46 times its earnings, very close to its 52-week high of $174.86, what led insiders to buy?

Well, the fact is that one needs to look beyond the P/E ratio when investing in the E&P sector. Taking a closer look at other figures like net income growth, cash flow increases, and growth prospects, one can discover that EOG’s stock is cheaper than it may seem. One month away from the next earnings call, maybe it’s time to buy before the price continues to surge.

Disclosure: Javier Hasse holds no position in any stocks mentioned

Recommended Reading:

5 Mind Blowing Facts About the Eagle Ford

This Oil Company is Printing Money

Brandywine Realty’s Howard Sipzner Takes Another Sip of Stock

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!