Shell Asset Management Co. Has $4.02 Million Stock Holdings in EOG Resources, Inc. $EOG

Shell Asset Management Co. raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 15.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 33,611 shares of the energy exploration company’s stock after buying an additional 4,586 shares during the period. Shell Asset Management Co.’s holdings in EOG Resources were worth $4,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of EOG. Banque Cantonale Vaudoise acquired a new stake in shares of EOG Resources during the first quarter worth $26,000. Saudi Central Bank acquired a new stake in shares of EOG Resources during the first quarter worth $28,000. Raleigh Capital Management Inc. acquired a new stake in shares of EOG Resources during the second quarter worth $29,000. Alpine Bank Wealth Management acquired a new stake in shares of EOG Resources during the first quarter worth $34,000. Finally, ORG Partners LLC lifted its holdings in shares of EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

NYSE:EOG opened at $110.36 on Wednesday. The stock has a market cap of $60.25 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 8.48 and a beta of 0.74. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average is $117.98 and its 200-day moving average is $117.02. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18.

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

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of analyst reports. Raymond James Financial boosted their price target on EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 22nd. Roth Capital downgraded EOG Resources from a “buy” rating to a “neutral” rating and dropped their price target for the company from $140.00 to $134.00 in a research note on Wednesday, July 9th. Royal Bank Of Canada boosted their price target on EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday. Susquehanna boosted their price target on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Finally, Barclays set a $136.00 target price on EOG Resources and gave the company an “equal weight” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $143.43.

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.