Putnam FL Investment Management Co. Sells 15,625 Shares of EOG Resources Inc (NYSE:EOG)

Putnam FL Investment Management Co. lessened its holdings in shares of EOG Resources Inc (NYSE:EOG) by 9.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 146,310 shares of the energy exploration company’s stock after selling 15,625 shares during the period. EOG Resources comprises 1.1% of Putnam FL Investment Management Co.’s portfolio, making the stock its 28th largest holding. Putnam FL Investment Management Co.’s holdings in EOG Resources were worth $13,630,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Valeo Financial Advisors LLC boosted its holdings in EOG Resources by 76.4% in the first quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 113 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in EOG Resources by 131.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 275 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 156 shares during the last quarter. Guidant Wealth Advisors boosted its holdings in EOG Resources by 50.5% in the first quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock valued at $29,000 after acquiring an additional 101 shares during the last quarter. Truvestments Capital LLC bought a new position in EOG Resources in the second quarter valued at about $33,000. Finally, Essex Savings Bank boosted its holdings in EOG Resources by 87.0% in the first quarter. Essex Savings Bank now owns 430 shares of the energy exploration company’s stock valued at $41,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 86.73% of the company’s stock.

Several equities analysts recently issued reports on EOG shares. KeyCorp raised their price target on EOG Resources from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Morgan Stanley cut their target price on EOG Resources from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Friday, July 12th. SunTrust Banks cut their target price on EOG Resources to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, June 12th. Zacks Investment Research raised EOG Resources from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Thursday, May 9th. Finally, JPMorgan Chase & Co. cut their target price on EOG Resources from $115.00 to $109.00 and set an “overweight” rating on the stock in a research note on Friday, June 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $116.71.

Shares of NYSE EOG traded down $1.30 during mid-day trading on Tuesday, reaching $77.70. 2,033,636 shares of the company’s stock were exchanged, compared to its average volume of 3,598,689. The stock has a market capitalization of $47.85 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.43 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.83. The firm’s fifty day moving average is $88.10. EOG Resources Inc has a twelve month low of $78.80 and a twelve month high of $133.53.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $1.31 EPS for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.02). The business had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.41 billion. EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.37 EPS. As a group, research analysts predict that EOG Resources Inc will post 5.27 EPS for the current year.

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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