DMC Group LLC Decreases Stock Holdings in EOG Resources, Inc. $EOG

DMC Group LLC lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 7.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 8,944 shares of the energy exploration company’s stock after selling 745 shares during the period. DMC Group LLC’s holdings in EOG Resources were worth $1,070,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of EOG. Nuveen LLC purchased a new position in shares of EOG Resources during the first quarter valued at about $451,908,000. Charles Schwab Investment Management Inc. increased its position in shares of EOG Resources by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock valued at $2,485,402,000 after buying an additional 1,188,552 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of EOG Resources during the first quarter valued at about $81,752,000. LSV Asset Management increased its position in shares of EOG Resources by 290.5% during the first quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock valued at $88,158,000 after buying an additional 511,418 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of EOG Resources during the first quarter valued at about $52,273,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EOG. Wells Fargo & Company reiterated an “overweight” rating on shares of EOG Resources in a research report on Sunday, June 22nd. Mizuho dropped their price objective on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. UBS Group boosted their price objective on shares of EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Melius Research started 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, Roth Capital lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $140.00 to $134.00 in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $143.43.

EOG Resources Trading Down 0.1%

Shares of NYSE EOG opened at $110.36 on Wednesday. The firm’s 50 day moving average price is $117.98 and its 200-day moving average price is $117.02. The company has a market cap of $60.25 billion, a PE ratio of 10.72, a P/E/G ratio of 8.48 and a beta of 0.74. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

EOG Resources (NYSE:EOG) last issued its 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. The firm had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business’s revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.16 earnings per share. On average, equities research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal 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.