Amundi Has $264.72 Million Position in EOG Resources, Inc. $EOG

Key Points

• Amundi increased its holdings in EOG Resources, Inc. by 11.2% during the first quarter, now owning approximately 2.2 million shares valued at $264.7 million.
• EOG Resources reported earnings of $2.32 per share for the last quarter, exceeding expectations and demonstrating a 20.51% return on equity.
• Analyst ratings for EOG Resources include one Strong Buy, eleven Buy, and twelve Hold ratings, with a consensus price target of $143.52.

Amundi grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 11.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,207,996 shares of the energy exploration company's stock after purchasing an additional 221,922 shares during the period. Amundi owned approximately 0.40% of EOG Resources worth $264,717,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Federation des caisses Desjardins du Quebec increased its stake in EOG Resources by 21.8% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 13,971 shares of the energy exploration company's stock valued at $1,792,000 after buying an additional 2,500 shares during the period. Perbak Capital Partners LLP acquired a new position in shares of EOG Resources during the first quarter valued at approximately $327,000. EP Wealth Advisors LLC increased its stake in shares of EOG Resources by 99.8% during the first quarter. EP Wealth Advisors LLC now owns 33,715 shares of the energy exploration company's stock valued at $4,324,000 after acquiring an additional 16,844 shares during the period. Focus Partners Advisor Solutions LLC increased its stake in shares of EOG Resources by 12.0% during the first quarter. Focus Partners Advisor Solutions LLC now owns 12,724 shares of the energy exploration company's stock valued at $1,632,000 after acquiring an additional 1,367 shares during the period. Finally, Point72 Europe London LLP acquired a new position in shares of EOG Resources during the first quarter valued at approximately $14,262,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Up 1.2%

Shares of EOG Resources stock traded up $1.46 during trading on Wednesday, hitting $118.77. The stock had a trading volume of 430,416 shares, compared to its average volume of 3,503,340. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $64.85 billion, a PE ratio of 11.54, a P/E/G ratio of 9.01 and a beta of 0.85. The stock has a 50 day simple moving average of $120.07 and a 200 day simple moving average of $118.35.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EOG. Argus cut EOG Resources from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. Raymond James Financial lifted their target price on EOG Resources from $158.00 to $161.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 22nd. Jefferies Financial Group reaffirmed a "buy" rating and issued a $148.00 price objective (up previously from $144.00) on shares of EOG Resources in a research note on Friday, June 13th. UBS Group lifted their price objective on shares of EOG Resources from $142.00 to $144.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Finally, Stephens started coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, EOG Resources presently has a consensus rating of "Moderate Buy" and an average price target of $143.52.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the transaction, the chief operating officer owned 45,739 shares of the company's stock, valued at $5,472,671.35. The trade was a 7.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

EOG Resources Company 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.