Torray Investment Partners LLC Sells 6,225 Shares of EOG Resources, Inc. $EOG

Torray Investment Partners LLC lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 144,477 shares of the energy exploration company’s stock after selling 6,225 shares during the quarter. EOG Resources comprises approximately 2.5% of Torray Investment Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Torray Investment Partners LLC’s holdings in EOG Resources were worth $17,281,000 as of its most recent SEC filing.

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

EOG Resources Stock Performance

NYSE EOG opened at $105.85 on Monday. 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 firm’s fifty day moving average price is $114.13 and its two-hundred day moving average price is $115.81. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The firm has a market capitalization of $57.79 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 8.20 and a beta of 0.74.

EOG Resources (NYSE:EOG) last posted 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 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 analyst estimates of $5.45 billion. During the same period in the prior year, the firm posted $3.16 earnings per share. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. As a group, research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on EOG shares. KeyCorp cut their price objective on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. 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. Melius started 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. Evercore ISI boosted their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, Piper Sandler set a $129.00 price objective on shares of EOG Resources and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. One 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 MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average target price of $140.76.

About EOG Resources

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.