DAVENPORT & Co LLC Sells 976 Shares of EOG Resources, Inc. $EOG

DAVENPORT & Co LLC cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 838,779 shares of the energy exploration company’s stock after selling 976 shares during the period. DAVENPORT & Co LLC’s holdings in EOG Resources were worth $100,562,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Banque Cantonale Vaudoise bought a new stake in EOG Resources during the first quarter valued at about $26,000. Saudi Central Bank purchased a new position in shares of EOG Resources during the 1st quarter valued at about $28,000. Raleigh Capital Management Inc. bought a new position in shares of EOG Resources during the 2nd quarter valued at approximately $29,000. Alpine Bank Wealth Management purchased a new stake in EOG Resources in the 1st quarter worth approximately $34,000. Finally, ORG Partners LLC increased its holdings in EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after acquiring an additional 88 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $110.66 on Monday. The company has a market cap of $60.42 billion, a P/E ratio of 10.75, a P/E/G ratio of 8.51 and a beta of 0.74. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. 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 firm’s fifty day moving average is $118.46 and its two-hundred day moving average is $117.16.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.14 by $0.18. The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business’s revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.16 EPS. As a group, analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Raymond James Financial upped their price target 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. JPMorgan Chase & Co. lowered their target price on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Scotiabank reiterated a “sector perform” rating and issued a $130.00 price target on shares of EOG Resources in a research note on Friday, September 26th. Mizuho decreased their price target on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Finally, Roth Capital downgraded EOG Resources from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $140.00 to $134.00 in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $143.14.

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.