EOG Resources, Inc. $EOG Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 3.6% during the second quarter, Holdings Channel.com reports. The fund owned 2,940 shares of the energy exploration company’s stock after selling 110 shares during the quarter. Tributary Capital Management LLC’s holdings in EOG Resources were worth $352,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in EOG Resources by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock valued at $6,922,633,000 after purchasing an additional 348,895 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 purchasing an additional 1,188,552 shares in the last quarter. Northern Trust Corp lifted its holdings in EOG Resources by 6.3% in the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock valued at $779,433,000 after purchasing an additional 358,916 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in EOG Resources by 3.9% in the 1st quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock valued at $757,808,000 after purchasing an additional 223,294 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in EOG Resources by 1.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company’s stock valued at $709,201,000 after purchasing an additional 60,454 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of research reports. Barclays set a $136.00 price objective on EOG Resources and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Wells Fargo & Company decreased their price objective on EOG Resources from $149.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, October 17th. Weiss Ratings restated a “hold (c)” rating on shares of EOG Resources in a report on Wednesday, October 8th. Morgan Stanley decreased their price objective on EOG Resources from $141.00 to $136.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Finally, Siebert Williams Shank reduced their price target on EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average price target of $140.76.

EOG Resources Stock Up 1.7%

NYSE EOG opened at $108.04 on Friday. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. 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 business’s fifty day simple moving average is $115.63 and its 200-day simple moving average is $115.75. The firm has a market cap of $58.99 billion, a PE ratio of 10.50, a P/E/G ratio of 8.21 and a beta of 0.74.

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

About EOG Resources

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.