Oak Ridge Investments LLC Grows Position in EOG Resources, Inc. $EOG

Oak Ridge Investments LLC grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,135 shares of the energy exploration company’s stock after buying an additional 492 shares during the period. Oak Ridge Investments LLC’s holdings in EOG Resources were worth $5,279,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of EOG Resources by 0.7% in the first quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock valued at $6,922,633,000 after purchasing an additional 348,895 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of EOG Resources by 6.5% in 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 during the period. Northern Trust Corp grew its position in shares of EOG Resources by 6.3% in the first quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock valued at $779,433,000 after purchasing an additional 358,916 shares during the period. Alliancebernstein L.P. grew its position in shares of EOG Resources by 3.9% in the first quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock valued at $757,808,000 after purchasing an additional 223,294 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of EOG Resources by 1.1% in the first 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 purchasing an additional 60,454 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EOG. UBS Group lifted their price objective on EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. KeyCorp reduced their target price on EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, September 3rd. Evercore ISI lifted their target price on EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Raymond James Financial lifted their target price on EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 22nd. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of EOG Resources in a report on Sunday, June 22nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, EOG Resources has a consensus rating of “Hold” and a consensus target price of $143.43.

EOG Resources Trading Down 3.4%

Shares of EOG opened at $108.14 on Friday. The stock’s 50-day moving average is $117.43 and its two-hundred day moving average is $116.64. The stock has a market cap of $59.04 billion, a PE ratio of 10.51, a P/E/G ratio of 8.35 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 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 EPS for the quarter, topping analysts’ consensus estimates 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%.The firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.16 earnings per share. Equities analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share 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.