EOG Resources, Inc. $EOG Stake Raised by Assetmark Inc.

Assetmark Inc. boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,904 shares of the energy exploration company’s stock after acquiring an additional 5,395 shares during the quarter. Assetmark Inc.’s holdings in EOG Resources were worth $15,538,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ARGA Investment Management LP lifted its stake in EOG Resources by 24.2% during the first quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company’s stock valued at $1,724,000 after buying an additional 2,616 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in EOG Resources by 30.1% during the first quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after buying an additional 45,295 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in EOG Resources by 49.3% during the first quarter. Concurrent Investment Advisors LLC now owns 11,497 shares of the energy exploration company’s stock valued at $1,474,000 after buying an additional 3,794 shares in the last quarter. FORA Capital LLC purchased a new stake in EOG Resources during the first quarter valued at about $472,000. Finally, Jump Financial LLC purchased a new stake in EOG Resources during the first quarter valued at about $2,796,000. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on EOG. Wells Fargo & Company reduced their price objective on shares of EOG Resources from $149.00 to $127.00 and set an “overweight” rating for the company in a research note on Friday, October 17th. Barclays set a $136.00 price objective on shares of EOG Resources and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Melius Research initiated coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective for the company. Argus lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Evercore ISI increased their price target on shares of EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $140.76.

EOG Resources Price Performance

NYSE EOG opened at $105.85 on Friday. The company has a 50 day simple moving average of $114.13 and a 200-day simple moving average of $115.70. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The firm has a market capitalization of $57.79 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 8.20 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.

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