US Bancorp DE Sells 17,085 Shares of EOG Resources, Inc. $EOG

US Bancorp DE cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 7.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,516 shares of the energy exploration company’s stock after selling 17,085 shares during the quarter. US Bancorp DE’s holdings in EOG Resources were worth $25,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of EOG. Banque Cantonale Vaudoise bought a new stake in EOG Resources during the 1st quarter valued at approximately $26,000. Saudi Central Bank bought a new stake in EOG Resources during the 1st quarter valued at approximately $28,000. Raleigh Capital Management Inc. bought a new stake in EOG Resources during the 2nd quarter valued at approximately $29,000. Alpine Bank Wealth Management bought a new stake in EOG Resources during the 1st quarter valued at approximately $34,000. Finally, ORG Partners LLC boosted its position in EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after acquiring an additional 88 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

EOG has been the topic of several research reports. Wolfe Research cut their price objective on EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Melius started coverage on shares of EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price for the company. Evercore ISI lifted their target price on shares of EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Stephens started coverage on shares of EOG Resources in a report on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 target price for the company. Finally, Susquehanna lifted their target price on shares of EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $143.43.

EOG Resources Price Performance

Shares of NYSE EOG opened at $108.14 on Friday. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The firm has a market cap of $59.04 billion, a P/E ratio of 10.51, a PEG ratio of 8.65 and a beta of 0.74. The company has a 50 day moving average of $117.43 and a 200 day moving average of $116.73. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping 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 previous year, the business earned $3.16 EPS. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

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.