EOG Resources, Inc. $EOG is Corigliano Investment Advisers LLC's 5th Largest Position

Key Points

• Corigliano Investment Advisers LLC increased its stake in EOG Resources, Inc. by 186.4% during the first quarter, making the stock their 5th largest position at 6.1% of their portfolio.
• EOG Resources reported earnings of $2.32 per share for the last quarter, surpassing estimates, with revenue of $5.48 billion, albeit down 9.1% year-over-year.
• Analysts have given EOG Resources a consensus rating of "Moderate Buy" with a target price averaging around $143.52.

Corigliano Investment Advisers LLC grew its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 186.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 107,750 shares of the energy exploration company's stock after purchasing an additional 70,126 shares during the period. EOG Resources makes up approximately 6.1% of Corigliano Investment Advisers LLC's holdings, making the stock its 5th biggest position. Corigliano Investment Advisers LLC's holdings in EOG Resources were worth $13,818,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Silvercrest Asset Management Group LLC grew its position in EOG Resources by 14.8% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company's stock worth $101,256,000 after purchasing an additional 106,677 shares during the last quarter. ARGA Investment Management LP grew its position in EOG Resources by 24.2% in the 1st 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. CWA Asset Management Group LLC grew its position in EOG Resources by 15.3% in the 1st quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company's stock worth $2,609,000 after purchasing an additional 2,697 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in EOG Resources by 37.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company's stock worth $20,852,000 after purchasing an additional 44,687 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in EOG Resources by 30.1% in the 1st 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. Institutional investors own 89.91% of the company's stock.

EOG Resources Price Performance

NYSE:EOG traded up $1.02 during trading hours on Tuesday, reaching $118.67. 822,003 shares of the company's stock were exchanged, compared to its average volume of 3,512,708. The company has a market capitalization of $64.79 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 9.03 and a beta of 0.85. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month 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 business's 50-day simple moving average is $120.14 and its two-hundred day simple moving average is $118.36.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results 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 during the quarter, compared to analysts' expectations of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period last year, the firm posted $3.16 earnings per share. Sell-side analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EOG has been the subject of several recent analyst reports. Argus cut shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. Bank of America decreased their target price on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Melius Research began coverage on shares of EOG Resources in a report on Wednesday, August 20th. They issued a "buy" rating and a $173.00 price objective for the company. Raymond James Financial increased their price objective on shares of EOG Resources from $158.00 to $161.00 and gave the company a "strong-buy" rating in a report on Tuesday, July 22nd. Finally, Melius began coverage on shares of EOG Resources in a report on Wednesday, August 20th. They issued a "buy" rating and a $173.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, EOG Resources currently has an average rating of "Moderate Buy" and a consensus target price of $143.52.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the sale, the chief operating officer directly owned 45,739 shares in the company, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.13% of the company's stock.

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.