TIAA Trust National Association Sells 7,298 Shares of EOG Resources, Inc. $EOG

TIAA Trust National Association lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 44.7% during the second quarter, HoldingsChannel.com reports. The firm owned 9,027 shares of the energy exploration company’s stock after selling 7,298 shares during the period. TIAA Trust National Association’s holdings in EOG Resources were worth $1,080,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new position in shares of EOG Resources in the 1st quarter valued at $26,000. Saudi Central Bank acquired a new position in shares of EOG Resources in the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of EOG Resources by 10,950.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares during the period. Raleigh Capital Management Inc. acquired a new position in shares of EOG Resources in the 2nd quarter valued at $29,000. Finally, WPG Advisers LLC acquired a new position in shares of EOG Resources in the 1st quarter valued at $36,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of analyst reports. Morgan Stanley cut their price target on 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. Siebert Williams Shank dropped their price objective on EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. The Goldman Sachs Group dropped their price objective on EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. Royal Bank Of Canada raised their price objective on EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Finally, Mizuho dropped their price objective on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $140.76.

EOG Resources Stock Performance

EOG opened at $105.16 on Wednesday. The business’s 50-day moving average price is $113.49 and its two-hundred day moving average price is $115.74. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a market capitalization of $57.42 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 8.20 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 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 firm 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. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. Equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

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.