Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
EOG Resources Inc (NYSE: EOG)
EOG Resources is an oil and gas producer with acreage in several U.S. shale plays, including the Permian Basin, the Eagle Ford, and the Bakken. At the end of 2019, it reported net proved reserves of 3.3 billion barrels of oil equivalent. Net production averaged 818 thousand barrels of oil equivalent per day in 2019 at a ratio of 72% oil and natural gas liquids and 28% natural gas.
A quick look at the price chart below for EOG Resources shows us that the stock is down 45% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 8.35, which means that it’s undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in EOG Resources:
Ken Griffin – 2,697,823 shares
John Rogers – 1,386,759 shares
Joel Greenblatt – 431,253 shares
Jim Simons – 367,700 shares
Ken Fisher – 272,682 shares
Cliff Asness – 144,444 shares
Ray Dalio – 29,025 shares
Paul Tudor Jones – 10,478 shares
Lee Ainslie – 2,622 shares
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