Plato Investment Management Ltd Raises Stock Position in EOG Resources, Inc. $EOG

Plato Investment Management Ltd lifted its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,327 shares of the energy exploration company’s stock after buying an additional 263 shares during the period. Plato Investment Management Ltd’s holdings in EOG Resources were worth $4,579,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Advisory Alpha LLC increased its stake in EOG Resources by 34.5% during the first quarter. Advisory Alpha LLC now owns 3,429 shares of the energy exploration company’s stock worth $440,000 after acquiring an additional 880 shares during the last quarter. Bayforest Capital Ltd boosted its holdings in shares of EOG Resources by 275.9% in the 1st quarter. Bayforest Capital Ltd now owns 3,804 shares of the energy exploration company’s stock worth $488,000 after purchasing an additional 2,792 shares during the period. SCS Capital Management LLC purchased a new position in shares of EOG Resources in the 1st quarter worth approximately $1,635,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of EOG Resources by 2.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,926,271 shares of the energy exploration company’s stock valued at $375,265,000 after purchasing an additional 77,637 shares during the last quarter. Finally, Palogic Value Management L.P. raised its holdings in EOG Resources by 3.5% during the 1st quarter. Palogic Value Management L.P. now owns 4,809 shares of the energy exploration company’s stock valued at $617,000 after buying an additional 161 shares during the period. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the sale, the chief operating officer directly owned 45,739 shares of the company’s stock, valued at $5,472,671.35. The trade was a 7.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

EOG Resources Trading Down 0.2%

Shares of EOG opened at $117.41 on Wednesday. The firm has a market capitalization of $64.10 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 9.01 and a beta of 0.85. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a 50-day moving average of $120.07 and a 200 day moving average of $118.35.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same period last year, the company posted $3.16 earnings per share. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on EOG. Argus lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. Wells Fargo & Company restated an “overweight” rating on shares of EOG Resources in a report on Sunday, June 22nd. Mizuho cut their price target on shares of EOG Resources from $140.00 to $134.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. UBS Group increased their price objective on shares of EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Finally, Melius Research began coverage on EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.52.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.