Yacktman Asset Management LP Cuts Position in EOG Resources, Inc. $EOG

Yacktman Asset Management LP lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 5.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,259,812 shares of the energy exploration company’s stock after selling 66,029 shares during the quarter. EOG Resources comprises 2.0% of Yacktman Asset Management LP’s portfolio, making the stock its 19th largest position. Yacktman Asset Management LP owned about 0.23% of EOG Resources worth $150,686,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of EOG. Mutual Advisors LLC acquired a new stake in shares of EOG Resources in the first quarter valued at about $319,000. World Investment Advisors grew its stake in shares of EOG Resources by 25.0% in the first quarter. World Investment Advisors now owns 8,044 shares of the energy exploration company’s stock valued at $1,031,000 after buying an additional 1,610 shares in the last quarter. Penserra Capital Management LLC grew its stake in shares of EOG Resources by 73.9% in the first quarter. Penserra Capital Management LLC now owns 2,561 shares of the energy exploration company’s stock valued at $328,000 after buying an additional 1,088 shares in the last quarter. TD Private Client Wealth LLC grew its stake in shares of EOG Resources by 13.6% in the first quarter. TD Private Client Wealth LLC now owns 6,574 shares of the energy exploration company’s stock valued at $843,000 after buying an additional 788 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in shares of EOG Resources by 11.2% in the first quarter. Crossmark Global Holdings Inc. now owns 21,918 shares of the energy exploration company’s stock valued at $2,811,000 after buying an additional 2,209 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Down 0.1%

NYSE:EOG opened at $105.15 on Thursday. 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 business’s 50 day moving average is $113.13 and its two-hundred day moving average is $115.67. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a market cap of $57.41 billion, a PE ratio of 10.22, a P/E/G ratio of 8.20 and a beta of 0.72.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter last year, the business posted $3.16 EPS. EOG Resources’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EOG shares. Barclays set a $136.00 target price on EOG Resources and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Siebert Williams Shank lowered their price objective on EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Argus lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. Mizuho lowered their price objective on EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Finally, Melius Research initiated coverage on EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective for the company. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $140.76.

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.