What Do Hedge Funds Think of EOG Resources Inc (EOG)?

As aggregate interest increased, key hedge funds have been driving this bullishness. Stelliam Investment Management, managed by Ross Margolies, assembled the most outsized call position in EOG Resources Inc (NYSE:EOG). Stelliam Investment Management had $128.4 million invested in the company at the end of the quarter. John Labanowski’s Brenham Capital Management also made a $58.2 million investment in the stock during the quarter. The other funds with brand new EOG positions are Rob Citrone’s Discovery Capital Management, Todd J. Kantor’s Encompass Capital Advisors, and Wallace Weitz’s Wallace R. Weitz & Co..

Let’s check out hedge fund activity in other stocks similar to EOG Resources Inc (NYSE:EOG). We will take a look at Monsanto Company (NYSE:MON), Kimberly Clark Corp (NYSE:KMB), Caterpillar Inc. (NYSE:CAT), and Capital One Financial Corp. (NYSE:COF). This group of stocks’ market valuations resemble EOG’s market valuation.

As you can see these stocks had an average of 46.75 hedge funds with bullish positions and the average amount invested in these stocks was $1,735 million. That figure was $1,539 million in EOG’s case. Monsanto Company (NYSE:MON) is the most popular stock in this table. On the other hand Kimberly Clark Corp (NYSE:KMB) is the least popular one with only 34 bullish hedge fund positions. EOG Resources Inc (NYSE:EOG) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal which makes EOG worth a closer look for long term investors.