Tributary Capital Management LLC Trims Position in EOG Resources, Inc. $EOG

Tributary Capital Management LLC cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 3.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,940 shares of the energy exploration company’s stock after selling 110 shares during the quarter. Tributary Capital Management LLC’s holdings in EOG Resources were worth $352,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in EOG Resources by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock worth $6,922,633,000 after buying an additional 348,895 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in EOG Resources by 6.5% during the 1st 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 buying an additional 1,188,552 shares during the last quarter. Northern Trust Corp raised its position in EOG Resources by 6.3% during the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock worth $779,433,000 after buying an additional 358,916 shares during the last quarter. Alliancebernstein L.P. raised its position in EOG Resources by 3.9% during the 1st quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock worth $757,808,000 after buying an additional 223,294 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in EOG Resources by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company’s stock worth $709,201,000 after buying an additional 60,454 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Siebert Williams Shank reduced their price target on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Wells Fargo & Company reduced their price target on shares of EOG Resources from $149.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday, October 17th. JPMorgan Chase & Co. dropped 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 note on Wednesday, October 1st. Melius initiated coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective on the stock. Finally, Morgan Stanley dropped their price objective on shares of EOG Resources from $141.00 to $136.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $140.76.

EOG Resources Price Performance

Shares of NYSE EOG opened at $108.04 on Friday. The firm’s 50 day simple moving average is $115.63 and its 200-day simple moving average is $115.75. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The stock has a market capitalization of $58.99 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 8.21 and a beta of 0.74. 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 (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, beating 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 firm had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. During the same quarter last year, the company earned $3.16 EPS. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. Analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

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.