EOG Resources, Inc. $EOG Shares Sold by LRI Investments LLC

LRI Investments LLC cut its position in EOG Resources, Inc. (NYSE:EOG) by 15.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 763 shares of the energy exploration company’s stock after selling 135 shares during the period. LRI Investments LLC’s holdings in EOG Resources were worth $91,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Susquehanna increased their target price on shares of EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Barclays set a $136.00 target price on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Jefferies Financial Group set a $145.00 target price on shares of EOG Resources in a research report on Sunday. Argus downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Melius Research assumed coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $143.30.

EOG Resources Stock Up 1.4%

Shares of NYSE:EOG opened at $109.63 on Tuesday. The stock has a market cap of $59.86 billion, a P/E ratio of 10.65, a P/E/G ratio of 8.36 and a beta of 0.74. The firm has a fifty day moving average price of $117.28 and a 200 day moving average price of $116.45. 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, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18.

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 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 company had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.45 billion. During the same quarter last year, the business earned $3.16 EPS. The business’s revenue was down 9.1% on a year-over-year basis. Sell-side analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current 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.