Nisa Investment Advisors LLC Sells 28,629 Shares of EOG Resources, Inc. $EOG

Nisa Investment Advisors LLC lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 15.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 155,422 shares of the energy exploration company’s stock after selling 28,629 shares during the period. Nisa Investment Advisors LLC’s holdings in EOG Resources were worth $18,590,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of 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 buying an additional 348,895 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of 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 buying an additional 1,188,552 shares during the last quarter. Northern Trust Corp grew its position in shares of 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 buying an additional 358,916 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of 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 buying an additional 223,294 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of 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 buying an additional 60,454 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

EOG has been the topic of several research analyst reports. Melius Research initiated coverage on EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price on the stock. Piper Sandler set a $129.00 target price on EOG Resources and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Royal Bank Of Canada upped their target price on EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Wells Fargo & Company cut their target price on EOG Resources from $149.00 to $127.00 and set an “overweight” rating on the stock in a research report on Friday, October 17th. Finally, Morgan Stanley cut their target price on EOG Resources from $141.00 to $136.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $140.76.

EOG Resources Stock Down 1.6%

EOG stock opened at $106.38 on Monday. The company has a market cap of $58.08 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 8.22 and a beta of 0.74. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The stock’s 50 day simple moving average is $115.38 and its 200 day simple moving average is $115.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data 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. 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 company’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.16 earnings per share. On average, research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

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.