Stack Financial Management Inc Lowers Position in EOG Resources, Inc. $EOG

Stack Financial Management Inc trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 1.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 200,582 shares of the energy exploration company’s stock after selling 2,753 shares during the period. EOG Resources comprises 2.1% of Stack Financial Management Inc’s investment portfolio, making the stock its 17th largest position. Stack Financial Management Inc’s holdings in EOG Resources were worth $23,992,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EOG. Banque Cantonale Vaudoise bought a new stake in shares of EOG Resources during the 1st quarter valued at $26,000. Saudi Central Bank purchased a new position in EOG Resources during the 1st quarter valued at about $28,000. Raleigh Capital Management Inc. bought a new stake in EOG Resources during the second quarter worth about $29,000. Alpine Bank Wealth Management purchased a new stake in EOG Resources in the first quarter worth about $34,000. Finally, ORG Partners LLC increased its stake 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 valued at $34,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

NYSE EOG opened at $108.14 on Monday. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The stock has a 50-day moving average of $117.43 and a 200 day moving average of $116.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The company has a market capitalization of $59.04 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 8.36 and a beta of 0.74.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $5.45 billion. During the same quarter in the prior year, the business earned $3.16 EPS. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EOG. Evercore ISI boosted their price target on EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Raymond James Financial boosted their target price on EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 22nd. Mizuho reduced their price target on EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Scotiabank reaffirmed a “sector perform” rating and issued a $130.00 price target on shares of EOG Resources in a research report on Friday, September 26th. Finally, JPMorgan Chase & Co. cut their price objective on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. One research 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. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average price target of $143.30.

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.