J. Safra Sarasin Holding AG Lowers Position in EOG Resources, Inc. $EOG

J. Safra Sarasin Holding AG lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 3.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,785 shares of the energy exploration company’s stock after selling 182 shares during the period. J. Safra Sarasin Holding AG’s holdings in EOG Resources were worth $572,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vicus Capital raised its position in shares of EOG Resources by 40.0% in the second quarter. Vicus Capital now owns 2,210 shares of the energy exploration company’s stock worth $264,000 after buying an additional 631 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of EOG Resources by 37.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 483,876 shares of the energy exploration company’s stock worth $57,876,000 after buying an additional 132,292 shares in the last quarter. Trust Co. of Vermont raised its position in shares of EOG Resources by 6.5% in the second quarter. Trust Co. of Vermont now owns 1,884 shares of the energy exploration company’s stock worth $225,000 after buying an additional 115 shares in the last quarter. Rogco LP raised its position in shares of EOG Resources by 14.8% in the second quarter. Rogco LP now owns 5,526 shares of the energy exploration company’s stock worth $661,000 after buying an additional 712 shares in the last quarter. Finally, Impact Capital Partners LLC raised its position in shares of EOG Resources by 2.4% in the second quarter. Impact Capital Partners LLC now owns 5,874 shares of the energy exploration company’s stock worth $703,000 after buying an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 0.2%

Shares of NYSE:EOG opened at $110.66 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $60.42 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 8.51 and a beta of 0.74. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The stock’s 50-day moving average price is $118.46 and its 200-day moving average price is $117.21.

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

Analyst Ratings Changes

EOG has been the topic of a number of research analyst reports. Wells Fargo & Company reissued an “overweight” rating on shares of EOG Resources in a research note on Sunday, June 22nd. Stephens initiated coverage on EOG Resources in a research note on Tuesday, June 17th. They issued an “equal weight” rating and a $137.00 target price on the stock. Argus cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a research note on Saturday, September 27th. Finally, Melius initiated coverage on EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 target price on the stock. One 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $143.14.

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.