QV Investors Inc. Sells 2,270 Shares of EOG Resources, Inc. $EOG

QV Investors Inc. reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,225 shares of the energy exploration company’s stock after selling 2,270 shares during the period. QV Investors Inc.’s holdings in EOG Resources were worth $9,237,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EOG. Nuveen LLC acquired a new position in EOG Resources during the first quarter valued at approximately $451,908,000. Charles Schwab Investment Management Inc. raised its position in EOG Resources by 6.5% during the first 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. Jacobs Levy Equity Management Inc. acquired a new position in EOG Resources during the first quarter valued at approximately $81,752,000. LSV Asset Management raised its position in EOG Resources by 290.5% during the first quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock valued at $88,158,000 after purchasing an additional 511,418 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in EOG Resources during the first quarter valued at approximately $52,273,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EOG has been the subject of several research analyst reports. Evercore ISI boosted their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Melius Research started coverage on shares of EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target for the company. Wolfe Research lowered their price target on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. JPMorgan Chase & Co. lowered their price target on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Finally, Piper Sandler set a $129.00 price target on shares of EOG Resources and gave the stock a “neutral” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $140.76.

EOG Resources Price Performance

EOG stock opened at $106.38 on Friday. The stock has a market capitalization of $58.08 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 8.22 and a beta of 0.74. The company’s 50-day moving average is $115.38 and its 200-day moving average is $115.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $5.45 billion. During the same quarter in the prior year, the firm earned $3.16 EPS. The business’s revenue was down 9.1% on a year-over-year basis. Equities 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.