Harbour Investments Inc. Lowers Stock Position in EOG Resources, Inc. $EOG

Harbour Investments Inc. cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,682 shares of the energy exploration company’s stock after selling 140 shares during the period. Harbour Investments Inc.’s holdings in EOG Resources were worth $321,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EOG. Nuveen LLC purchased a new position in shares of EOG Resources during the first quarter worth approximately $451,908,000. Charles Schwab Investment Management Inc. grew its position in shares of EOG Resources by 6.5% during 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 acquiring an additional 1,188,552 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of EOG Resources during the first quarter worth approximately $81,752,000. LSV Asset Management grew its position in shares of EOG Resources by 290.5% during the first quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock worth $88,158,000 after acquiring an additional 511,418 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of EOG Resources during the first quarter worth approximately $52,273,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Trading Up 0.2%

NYSE:EOG opened at $106.38 on Tuesday. The company has a market capitalization of $58.08 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 8.15 and a beta of 0.74. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The stock has a fifty day simple moving average of $116.37 and a 200-day simple moving average of $115.89.

EOG Resources (NYSE:EOG) last released its quarterly earnings results 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. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter in the previous year, the company posted $3.16 EPS. The business’s revenue was down 9.1% on a year-over-year basis. On average, equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EOG. Scotiabank reiterated a “sector perform” rating and issued a $130.00 price objective on shares of EOG Resources in a research report on Friday, September 26th. UBS Group lifted their price objective on shares of EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Wolfe Research lowered their price objective on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Melius began coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective on the stock. Finally, Mizuho lowered their price objective on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $141.04.

EOG Resources Company 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.