EOG Resources, Inc. $EOG Shares Sold by Sava Infond d.o.o.

Key Points

• Sava Infond d.o.o. reduced its stake in EOG Resources by 16.1%, selling 2,710 shares, leaving them with a total of 14,110 shares worth approximately $1.69 million.
• Several institutions, including Saudi Central Bank and Alpine Bank Wealth Management, recently acquired new stakes in EOG, leading to institutional ownership rising to 89.91%.
• EOG Resources reported a quarterly EPS of $2.32, exceeding analyst expectations, but experienced a 9.1% decline in year-over-year revenue, amounting to $5.48 billion.

Sava Infond d.o.o. trimmed its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 16.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,110 shares of the energy exploration company's stock after selling 2,710 shares during the period. Sava Infond d.o.o.'s holdings in EOG Resources were worth $1,688,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new stake in EOG Resources in the 1st quarter worth about $26,000. Saudi Central Bank acquired a new stake in EOG Resources in the 1st quarter worth about $28,000. Raleigh Capital Management Inc. acquired a new stake in EOG Resources in the 2nd quarter worth about $29,000. Alpine Bank Wealth Management acquired a new stake in EOG Resources in the 1st quarter worth about $34,000. Finally, WPG Advisers LLC acquired a new stake in EOG Resources in the 1st quarter worth about $36,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EOG has been the topic of several research analyst reports. Roth Capital cut EOG Resources from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $140.00 to $134.00 in a report on Wednesday, July 9th. Scotiabank restated a "sector perform" rating and set a $130.00 target price on shares of EOG Resources in a report on Friday, September 26th. Mizuho lowered their target price on EOG Resources from $140.00 to $133.00 and set a "neutral" rating on the stock in a report on Monday, September 15th. Royal Bank Of Canada lowered their target price on EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a report on Tuesday, July 8th. Finally, UBS Group boosted their target price on EOG Resources from $142.00 to $144.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, EOG Resources has a consensus rating of "Hold" and a consensus target price of $143.14.

EOG Resources Trading Up 0.2%

EOG opened at $110.66 on Friday. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The stock has a market capitalization of $60.42 billion, a PE ratio of 10.75, a P/E/G ratio of 8.48 and a beta of 0.74. The business's 50 day moving average price is $118.46 and its 200 day moving average price is $117.27. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

EOG Resources (NYSE:EOG - Get Free Report) last released 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 return on equity of 20.51% and a net margin of 25.25%.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 prior year, the firm posted $3.16 earnings per share. The firm's quarterly revenue was down 9.1% on a year-over-year basis. As a group, equities research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current 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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