Asset Management One Co. Ltd. Has $27.05 Million Stock Holdings in EOG Resources, Inc. $EOG

Key Points

• Asset Management One Co. Ltd. reduced its holdings in EOG Resources by 9.1%, now owning 226,143 shares worth approximately $27.05 million, after selling 22,587 shares in the second quarter.
• Several institutional investors, including Principle Wealth Partners LLC and Forum Financial Management LP, increased their positions in EOG Resources during the same period.
• EOG Resources reported a quarterly EPS of $2.32, exceeding analyst expectations, though revenue for the quarter was down 9.1% year-over-year.

Asset Management One Co. Ltd. lessened its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 9.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 226,143 shares of the energy exploration company's stock after selling 22,587 shares during the period. Asset Management One Co. Ltd.'s holdings in EOG Resources were worth $27,049,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Principle Wealth Partners LLC boosted its position in shares of EOG Resources by 9.5% in the second quarter. Principle Wealth Partners LLC now owns 2,524 shares of the energy exploration company's stock worth $302,000 after buying an additional 219 shares during the period. Granite Harbor Advisors Inc. raised its holdings in shares of EOG Resources by 3.7% during the second quarter. Granite Harbor Advisors Inc. now owns 3,146 shares of the energy exploration company's stock worth $376,000 after acquiring an additional 112 shares in the last quarter. Freedom Investment Management Inc. raised its holdings in shares of EOG Resources by 5.6% during the second quarter. Freedom Investment Management Inc. now owns 11,088 shares of the energy exploration company's stock worth $1,326,000 after acquiring an additional 587 shares in the last quarter. Forum Financial Management LP raised its holdings in shares of EOG Resources by 22.1% during the second quarter. Forum Financial Management LP now owns 9,807 shares of the energy exploration company's stock worth $1,173,000 after acquiring an additional 1,776 shares in the last quarter. Finally, Brookstone Capital Management raised its holdings in shares of EOG Resources by 10.2% during the second quarter. Brookstone Capital Management now owns 3,530 shares of the energy exploration company's stock worth $422,000 after acquiring an additional 328 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Trading Down 1.6%

EOG Resources stock opened at $106.38 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The business's 50-day simple moving average is $115.38 and its 200-day simple moving average is $115.76. The firm has a market capitalization of $58.08 billion, a PE ratio of 10.34, a PEG ratio of 8.35 and a beta of 0.74. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last posted 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 business 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%.The firm's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.16 earnings per share. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Royal Bank Of Canada increased their price objective on EOG Resources from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Tuesday, October 7th. Argus lowered EOG Resources from a "buy" rating to a "hold" rating in a report on Monday, August 25th. Morgan Stanley cut their target price on EOG Resources from $141.00 to $136.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 14th. Weiss Ratings restated a "hold (c)" rating on shares of EOG Resources in a report on Wednesday, October 8th. Finally, Wolfe Research cut their target price 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $140.76.

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.

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