Notis McConarty Edward Acquires 1,510 Shares of EOG Resources Inc (NYSE:EOG)

Notis McConarty Edward boosted its holdings in shares of EOG Resources Inc (NYSE:EOG) by 38.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,412 shares of the energy exploration company’s stock after acquiring an additional 1,510 shares during the quarter. Notis McConarty Edward’s holdings in EOG Resources were worth $504,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Northern Trust Corp grew its holdings in EOG Resources by 0.6% during the 1st quarter. Northern Trust Corp now owns 7,916,964 shares of the energy exploration company’s stock worth $753,537,000 after acquiring an additional 49,571 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of EOG Resources by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 6,797,414 shares of the energy exploration company’s stock worth $591,653,000 after purchasing an additional 486,443 shares during the period. Neuberger Berman Group LLC lifted its position in shares of EOG Resources by 3.7% in the 1st quarter. Neuberger Berman Group LLC now owns 6,031,278 shares of the energy exploration company’s stock worth $574,057,000 after purchasing an additional 213,352 shares during the period. Findlay Park Partners LLP lifted its position in shares of EOG Resources by 33.3% in the 1st quarter. Findlay Park Partners LLP now owns 2,938,638 shares of the energy exploration company’s stock worth $279,700,000 after purchasing an additional 733,711 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of EOG Resources by 10.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,449,759 shares of the energy exploration company’s stock worth $233,168,000 after purchasing an additional 235,356 shares during the period. 86.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of EOG Resources stock traded down $2.45 during trading on Monday, reaching $80.01. 176,248 shares of the company traded hands, compared to its average volume of 3,528,425. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. EOG Resources Inc has a 1-year low of $79.45 and a 1-year high of $133.53. The company has a 50 day moving average price of $88.32. The company has a market cap of $47.85 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.43 and a beta of 1.31.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.02). EOG Resources had a net margin of 19.69% and a return on equity of 16.53%. The company had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same quarter in the previous year, the firm earned $1.37 EPS. The firm’s revenue was up 10.8% on a year-over-year basis. As a group, equities research analysts forecast that EOG Resources Inc will post 5.27 earnings per share for the current year.

A number of research analysts have recently issued reports on EOG shares. Susquehanna Bancshares upgraded shares of EOG Resources from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $107.00 to $115.00 in a research report on Monday, May 6th. KeyCorp boosted their price target on shares of EOG Resources from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Citigroup started coverage on shares of EOG Resources in a research report on Tuesday, April 9th. They issued a “buy” rating on the stock. MKM Partners upgraded shares of EOG Resources from a “neutral” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Tuesday, May 28th. Finally, SunTrust Banks dropped their price target on shares of EOG Resources to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $116.71.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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