Linden Thomas Advisory Services LLC Raises Stock Holdings in EOG Resources, Inc. $EOG

Linden Thomas Advisory Services LLC raised its position in EOG Resources, Inc. (NYSE:EOG) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,900 shares of the energy exploration company’s stock after buying an additional 352 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in EOG Resources were worth $1,543,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ARGA Investment Management LP raised its stake in shares of 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 worth $1,724,000 after purchasing an additional 2,616 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of 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 worth $25,107,000 after purchasing an additional 45,295 shares during the last quarter. Pinnacle Financial Partners Inc raised its stake in shares of EOG Resources by 4.7% during the first quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company’s stock worth $23,032,000 after purchasing an additional 8,127 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of 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 worth $1,474,000 after purchasing an additional 3,794 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of EOG Resources during the first quarter worth approximately $2,796,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 1.6%

Shares of EOG stock opened at $106.38 on Friday. The business’s fifty day moving average price is $115.38 and its 200 day moving average price is $115.84. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The firm has a market capitalization of $58.08 billion, a PE ratio of 10.34, a P/E/G ratio of 8.22 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 announced its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.16 earnings per share. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of EOG Resources in a research note on Saturday. Scotiabank restated a “sector perform” rating and set a $130.00 price target on shares of EOG Resources in a research note on Friday, September 26th. KeyCorp cut their price target on EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. Roth Capital cut their price target on EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Finally, Wolfe Research dropped their price objective on EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average target price of $140.76.

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.