EOG Resources, Inc. $EOG Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in shares of EOG Resources, Inc. (NYSE:EOG) by 4.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,370 shares of the energy exploration company’s stock after selling 2,817 shares during the period. Mutual of America Capital Management LLC’s holdings in EOG Resources were worth $8,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in shares of EOG Resources during the first quarter worth $26,000. Saudi Central Bank acquired a new position in shares of EOG Resources during the first quarter worth $28,000. Raleigh Capital Management Inc. acquired a new position in shares of EOG Resources during the second quarter worth $29,000. Alpine Bank Wealth Management acquired a new position in shares of EOG Resources during the first quarter worth $34,000. Finally, WPG Advisers LLC acquired a new position in shares of EOG Resources during the first quarter worth $36,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG opened at $106.38 on Tuesday. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The stock has a market cap of $58.08 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 8.15 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The firm has a fifty day moving average price of $116.37 and a 200 day moving average price of $115.89.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating 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 business had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.45 billion. During the same period in the prior year, the company earned $3.16 earnings per share. The business’s revenue was down 9.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Susquehanna boosted their target price on shares of EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Raymond James Financial boosted their target price on shares of EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group lowered their target price on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Barclays set a $136.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Finally, Wolfe Research reduced their price target on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $141.04.

EOG Resources Company 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.