EOG Resources, Inc. $EOG Shares Sold by Campbell Newman Asset Management Inc.

Key Points

• Campbell Newman Asset Management Inc. reduced its stake in EOG Resources by 3.2%, now owning 149,875 shares worth approximately $17.93 million.
• Several institutional investors have increased their positions in EOG Resources, with notable growth by Versant Capital Management Inc. at 62.6% in the 1st quarter.
• Analysts currently have a consensus rating of "Hold" for EOG Resources, with an average price target of $143.41, indicating a mix of buy and hold sentiments.

Campbell Newman Asset Management Inc. decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,875 shares of the energy exploration company's stock after selling 5,003 shares during the quarter. EOG Resources makes up 1.4% of Campbell Newman Asset Management Inc.'s investment portfolio, making the stock its 28th biggest holding. Campbell Newman Asset Management Inc.'s holdings in EOG Resources were worth $17,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Versant Capital Management Inc grew its holdings in EOG Resources by 62.6% during the 1st quarter. Versant Capital Management Inc now owns 1,839 shares of the energy exploration company's stock worth $236,000 after acquiring an additional 708 shares in the last quarter. AdvisorNet Financial Inc grew its stake in shares of EOG Resources by 51.6% during the first quarter. AdvisorNet Financial Inc now owns 1,137 shares of the energy exploration company's stock worth $146,000 after purchasing an additional 387 shares in the last quarter. Parallel Advisors LLC increased its holdings in EOG Resources by 5.7% in the first quarter. Parallel Advisors LLC now owns 7,580 shares of the energy exploration company's stock valued at $972,000 after buying an additional 408 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in EOG Resources by 20.3% in the first quarter. Fifth Third Wealth Advisors LLC now owns 7,909 shares of the energy exploration company's stock valued at $1,014,000 after buying an additional 1,335 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in EOG Resources by 1.7% during the 1st quarter. Rhumbline Advisers now owns 1,072,311 shares of the energy exploration company's stock worth $137,513,000 after buying an additional 17,586 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EOG shares. KeyCorp decreased their target price on EOG Resources from $140.00 to $138.00 and set an "overweight" rating for the company in a research note on Wednesday, September 3rd. UBS Group lifted their price target 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. Melius initiated 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 for the company. Scotiabank reiterated a "sector perform" rating and set a $130.00 target price on shares of EOG Resources in a research report on Friday. Finally, Mizuho decreased their target price on EOG Resources from $140.00 to $133.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $143.41.

EOG Resources Stock Down 3.5%

Shares of NYSE:EOG opened at $113.25 on Tuesday. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week 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 firm's 50-day simple moving average is $119.06 and its 200-day simple moving average is $117.52. The company has a market cap of $61.83 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 9.01 and a beta of 0.85.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter last year, the firm earned $3.16 earnings per share. The firm's revenue was down 9.1% compared to the same quarter last year. As a group, equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

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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