EOG Resources, Inc. $EOG Shares Purchased by Fenimore Asset Management Inc

Key Points

• Fenimore Asset Management Inc increased its holdings in EOG Resources by 1.2% in Q2, now owning approximately 0.07% of the company, valued at $44.8 million.
• Institutional investors control about 89.91% of EOG Resources, with several firms like Nuveen LLC and Charles Schwab boosting their stakes significantly in recent quarters.
• Analysts have mixed outlooks on EOG, with a consensus rating of "Hold" and an average price target of $143.14, though recent reports indicate revenue and earnings per share have decreased year-over-year.

Fenimore Asset Management Inc lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 374,538 shares of the energy exploration company's stock after buying an additional 4,475 shares during the period. Fenimore Asset Management Inc owned about 0.07% of EOG Resources worth $44,799,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EOG. Nuveen LLC acquired a new position in shares of EOG Resources during the 1st quarter worth $451,908,000. Charles Schwab Investment Management Inc. boosted its holdings in EOG Resources by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company's stock worth $2,485,402,000 after buying an additional 1,188,552 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in EOG Resources during the first quarter worth about $81,752,000. LSV Asset Management increased its holdings in EOG Resources by 290.5% in the first quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company's stock valued at $88,158,000 after buying an additional 511,418 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of EOG Resources during the 1st quarter valued at approximately $52,273,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EOG. Royal Bank Of Canada lowered their price target on EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a report on Tuesday, July 8th. KeyCorp decreased their target price on EOG Resources from $140.00 to $138.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 3rd. Stephens started coverage on EOG Resources in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 price target for the company. Susquehanna lifted their price target on EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a research note on Wednesday, July 23rd. Finally, Melius began coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They issued a "buy" rating and a $173.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $143.14.

EOG Resources Trading Up 0.2%

Shares of EOG stock opened at $110.66 on Monday. The company has a market capitalization of $60.42 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 8.51 and a beta of 0.74. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $118.46 and a 200 day moving average price of $117.16. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18.

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

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.

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