EOG Resources Inc (NYSE:EOG) Shares Sold by Grisanti Capital Management LLC

Grisanti Capital Management LLC lessened its position in EOG Resources Inc (NYSE:EOG) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,443 shares of the energy exploration company’s stock after selling 272 shares during the quarter. EOG Resources makes up 1.6% of Grisanti Capital Management LLC’s investment portfolio, making the stock its 26th largest holding. Grisanti Capital Management LLC’s holdings in EOG Resources were worth $3,022,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EOG. Janus Henderson Group PLC raised its holdings in shares of EOG Resources by 60.9% in the 2nd quarter. Janus Henderson Group PLC now owns 2,734,872 shares of the energy exploration company’s stock valued at $254,785,000 after buying an additional 1,035,252 shares during the period. Findlay Park Partners LLP raised its holdings in shares of EOG Resources by 33.3% in the 1st quarter. Findlay Park Partners LLP now owns 2,938,638 shares of the energy exploration company’s stock valued at $279,700,000 after buying an additional 733,711 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of EOG Resources by 51.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,168,414 shares of the energy exploration company’s stock valued at $189,119,000 after buying an additional 732,531 shares during the period. USS Investment Management Ltd raised its holdings in shares of EOG Resources by 41.9% in the 2nd quarter. USS Investment Management Ltd now owns 1,907,272 shares of the energy exploration company’s stock valued at $177,729,000 after buying an additional 563,156 shares during the period. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of EOG Resources by 55.0% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,578,824 shares of the energy exploration company’s stock valued at $147,084,000 after buying an additional 559,957 shares during the period. Hedge funds and other institutional investors own 87.01% of the company’s stock.

Several research firms recently issued reports on EOG. Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a report on Thursday, May 9th. Citigroup cut their price objective on EOG Resources from $120.00 to $116.00 and set a “buy” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. cut their price objective on EOG Resources from $115.00 to $109.00 and set an “overweight” rating on the stock in a report on Friday, June 28th. Goldman Sachs Group upgraded EOG Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, May 28th. Finally, MKM Partners upgraded EOG Resources from a “neutral” rating to a “buy” rating and set a $109.00 price target on the stock in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $116.36.

Shares of EOG traded up $0.98 during mid-day trading on Friday, reaching $75.92. The company’s stock had a trading volume of 2,508,600 shares, compared to its average volume of 4,305,523. EOG Resources Inc has a 12-month low of $73.95 and a 12-month high of $133.53. The stock has a market cap of $43.56 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 1.65 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.83. The company’s 50 day moving average is $85.22 and its 200 day moving average is $91.50.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.02). EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. The business had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.41 billion. During the same quarter in the previous year, the company posted $1.37 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that EOG Resources Inc will post 5.24 EPS for the current fiscal year.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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