EOG Resources, Inc. $EOG Shares Sold by Sava Infond d.o.o.

Sava Infond d.o.o. trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 16.1% during the second quarter, Holdings Channel reports. The firm owned 14,110 shares of the energy exploration company’s stock after selling 2,710 shares during the quarter. Sava Infond d.o.o.’s holdings in EOG Resources were worth $1,688,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in EOG. Banque Cantonale Vaudoise acquired a new position in EOG Resources during the first quarter worth $26,000. Saudi Central Bank acquired a new position in EOG Resources during the first quarter worth $28,000. Raleigh Capital Management Inc. acquired a new position in EOG Resources during the second quarter worth $29,000. Alpine Bank Wealth Management acquired a new position in EOG Resources during the first quarter worth $34,000. Finally, ORG Partners LLC lifted its stake in EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of research reports. Stephens initiated coverage on EOG Resources in a research note on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 price target on the stock. UBS Group upped their price objective on EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Piper Sandler cut their price objective on EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a research report on Thursday, July 17th. Wolfe Research cut their price objective on EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Raymond James Financial upped their price objective on EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, EOG Resources has an average rating of “Hold” and an average price target of $143.14.

EOG Resources Stock Performance

NYSE:EOG opened at $110.66 on Friday. The firm has a market capitalization of $60.42 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 8.48 and a beta of 0.74. The business’s fifty day moving average price is $118.46 and its 200 day moving average price is $117.27. 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 12 month low of $102.52 and a 12 month high of $138.18.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS 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 return on equity of 20.51% and a net margin of 25.25%.EOG Resources’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.16 earnings per share. On average, sell-side analysts anticipate 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.