Royal London Asset Management Ltd. Trims Stake in EOG Resources Inc (NYSE:EOG)

Royal London Asset Management Ltd. reduced its position in EOG Resources Inc (NYSE:EOG) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 223,462 shares of the energy exploration company’s stock after selling 2,483 shares during the quarter. Royal London Asset Management Ltd.’s holdings in EOG Resources were worth $20,823,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EOG. Valeo Financial Advisors LLC raised its position in EOG Resources by 76.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 113 shares during the period. Wealthcare Advisory Partners LLC raised its position in EOG Resources by 131.1% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 275 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 156 shares during the period. Guidant Wealth Advisors raised its position in EOG Resources by 50.5% in the 1st quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock worth $29,000 after purchasing an additional 101 shares during the period. Truvestments Capital LLC purchased a new stake in EOG Resources in the 2nd quarter worth about $33,000. Finally, Mizuho Securities Co. Ltd. purchased a new stake in EOG Resources in the 2nd quarter worth about $37,000. 87.01% of the stock is currently owned by institutional investors.

Shares of NYSE EOG traded up $1.90 during midday trading on Tuesday, reaching $79.82. 85,361 shares of the company’s stock traded hands, compared to its average volume of 3,990,098. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.02. The stock’s 50 day moving average is $86.48. EOG Resources Inc has a one year low of $74.84 and a one year high of $133.53. The stock has a market cap of $45.61 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 1.74 and a beta of 1.31.

EOG Resources (NYSE:EOG) last released its quarterly earnings data 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 16.25%. The business had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter in the prior year, the business posted $1.37 earnings per share. EOG Resources’s revenue for the quarter was up 10.8% on a year-over-year basis. Equities analysts predict that EOG Resources Inc will post 5.24 EPS for the current fiscal year.

A number of analysts recently weighed in on EOG shares. KeyCorp increased their price objective 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. ValuEngine lowered shares of EOG Resources from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Zacks Investment Research upgraded shares of 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. Citigroup dropped their target price on shares of EOG Resources from $120.00 to $116.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, MKM Partners upgraded shares of EOG Resources from a “neutral” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Tuesday, May 28th. One investment 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. The company currently has a consensus rating of “Buy” and a consensus price target of $116.36.

About EOG Resources

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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