EOG Resources, Inc. $EOG Position Decreased by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,203 shares of the energy exploration company’s stock after selling 170 shares during the period. Park Avenue Securities LLC’s holdings in EOG Resources were worth $4,689,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Nuveen LLC acquired a new position in shares of EOG Resources in the first quarter worth about $451,908,000. GAMMA Investing LLC lifted its position in shares of EOG Resources by 14,784.1% in the first quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company’s stock worth $164,323,000 after purchasing an additional 1,272,765 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of EOG Resources by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock worth $2,485,402,000 after purchasing an additional 1,188,552 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of EOG Resources in the first quarter worth approximately $81,752,000. Finally, LSV Asset Management lifted its position in shares of EOG Resources by 290.5% in the first quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock worth $88,158,000 after purchasing an additional 511,418 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm’s stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the sale, the chief operating officer owned 45,739 shares in the company, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

EOG Resources Trading Down 0.4%

Shares of EOG Resources stock opened at $115.52 on Tuesday. The company’s fifty day simple moving average is $119.29 and its 200-day simple moving average is $117.80. The company has a market cap of $63.07 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 8.92 and a beta of 0.85. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.18. The business had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. EOG Resources’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the company posted $3.16 earnings per share. As a group, sell-side analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EOG. Roth Capital lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $140.00 to $134.00 in a research report on Wednesday, July 9th. Mizuho reduced their price target on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Royal Bank Of Canada reduced their price target on shares of EOG Resources from $145.00 to $140.00 and set an “outperform” rating for the company in a research report on Tuesday, July 8th. Melius assumed coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price target for the company. Finally, Stephens assumed coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.48.

About EOG Resources

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.