EOG Resources, Inc. $EOG Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB reduced its position in EOG Resources, Inc. (NYSE:EOG) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,611 shares of the energy exploration company’s stock after selling 1,598 shares during the quarter. Nordea Investment Management AB’s holdings in EOG Resources were worth $4,743,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EOG. Nuveen LLC acquired a new position in EOG Resources in the 1st quarter valued at about $451,908,000. Charles Schwab Investment Management Inc. grew its position in EOG Resources by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock valued at $2,485,402,000 after acquiring an additional 1,188,552 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in EOG Resources in the 1st quarter valued at about $81,752,000. LSV Asset Management boosted its stake in shares of EOG Resources by 290.5% in the 1st quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock valued at $88,158,000 after buying an additional 511,418 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of EOG Resources during the first quarter worth about $52,273,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

Shares of EOG opened at $106.07 on Wednesday. The stock has a 50 day moving average price of $116.13 and a 200 day moving average price of $115.82. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $57.91 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 8.16 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.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. The firm had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.16 earnings per share. Research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EOG shares. Susquehanna boosted their price objective on EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Barclays set a $136.00 price objective on EOG Resources and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. lowered their price objective on EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Argus downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Wolfe Research lowered their price objective on 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 given a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $140.76.

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.