Bessemer Group Inc. Cuts Position in EOG Resources, Inc. $EOG

Bessemer Group Inc. decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 18.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,440 shares of the energy exploration company’s stock after selling 3,564 shares during the period. Bessemer Group Inc.’s holdings in EOG Resources were worth $1,847,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new position in EOG Resources during the 1st quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd grew its stake in shares of EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 219 shares during the last quarter. Saudi Central Bank bought a new position in shares of EOG Resources during the first quarter valued at $28,000. Raleigh Capital Management Inc. bought a new position in shares of EOG Resources during the second quarter valued at $29,000. Finally, ORG Partners LLC raised its position in shares of EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Down 0.6%

Shares of EOG Resources stock opened at $105.35 on Friday. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is $114.43 and its 200 day moving average is $115.71. The company has a market cap of $57.52 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 8.20 and a beta of 0.74.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on EOG shares. Barclays set a $136.00 price objective on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Siebert Williams Shank lowered their price objective on EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, Roth Capital cut their target price on EOG Resources from $126.00 to $114.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus target price of $140.76.

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.