PKO Investment Management Joint Stock Co Has $1.73 Million Stake in EOG Resources, Inc. $EOG

PKO Investment Management Joint Stock Co decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 14.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,500 shares of the energy exploration company’s stock after selling 2,500 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in EOG Resources were worth $1,734,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new stake in shares of EOG Resources during the 1st quarter worth approximately $26,000. Saudi Central Bank bought a new position in shares of EOG Resources in the 1st quarter worth $28,000. Caitong International Asset Management Co. Ltd lifted its holdings 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 worth $26,000 after purchasing an additional 219 shares in the last quarter. Raleigh Capital Management Inc. bought a new position in shares of EOG Resources in the 2nd quarter worth $29,000. Finally, Alpine Bank Wealth Management bought a new position in shares of EOG Resources in the 1st quarter worth $34,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on EOG. Susquehanna increased their target price on EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. Roth Capital lowered their target price on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Raymond James Financial upped their price objective on shares of EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 22nd. Argus downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Barclays set a $136.00 price objective on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $140.76.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $106.38 on Friday. The company’s 50-day moving average is $115.38 and its 200 day moving average is $115.76. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The company has a market capitalization of $58.08 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 8.35 and a beta of 0.74. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. During the same period in the previous year, the business posted $3.16 EPS. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current 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.