Somerville Kurt F Cuts Holdings in EOG Resources, Inc. $EOG

Somerville Kurt F lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,200 shares of the energy exploration company’s stock after selling 450 shares during the period. Somerville Kurt F’s holdings in EOG Resources were worth $1,220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ARGA Investment Management LP grew its stake in EOG Resources by 24.2% in the 1st quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company’s stock worth $1,724,000 after buying an additional 2,616 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in EOG Resources by 30.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock worth $25,107,000 after buying an additional 45,295 shares in the last quarter. CWA Asset Management Group LLC grew its stake in EOG Resources by 15.3% in the 1st quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company’s stock worth $2,609,000 after buying an additional 2,697 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in EOG Resources by 37.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company’s stock worth $20,852,000 after buying an additional 44,687 shares in the last quarter. Finally, Pinnacle Financial Partners Inc grew its stake in EOG Resources by 4.7% in the 1st quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company’s stock worth $23,032,000 after buying an additional 8,127 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 0.1%

NYSE:EOG opened at $110.36 on Wednesday. The company has a fifty day moving average of $117.98 and a 200 day moving average of $117.02. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. 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 firm has a market capitalization of $60.25 billion, a P/E ratio of 10.72, a P/E/G ratio of 8.48 and a beta of 0.74.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Roth Capital lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $140.00 to $134.00 in a report on Wednesday, July 9th. Piper Sandler lowered their price objective on shares of EOG Resources from $138.00 to $136.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. Mizuho lowered their price objective on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Argus lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of EOG Resources in a report on Sunday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $143.43.

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.