MBB Public Markets I LLC Invests $323,000 in EOG Resources, Inc. $EOG

Key Points

• MBB Public Markets I LLC acquired a new position in EOG Resources, Inc. valued at approximately $323,000, acquiring 2,520 shares in the first quarter.
• Several analysts have rated EOG Resources, with a consensus rating of "Moderate Buy" and an average price target of $143.52.
• EOG Resources recently reported earnings of $2.32 EPS, exceeding analysts' estimates, with revenues of $5.48 billion for the quarter.

MBB Public Markets I LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,520 shares of the energy exploration company's stock, valued at approximately $323,000.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in EOG Resources by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company's stock valued at $6,922,633,000 after buying an additional 348,895 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 valued at $2,485,402,000 after acquiring an additional 1,188,552 shares during the period. Northern Trust Corp boosted its stake in shares of EOG Resources by 6.3% in the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company's stock valued at $779,433,000 after purchasing an additional 358,916 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of EOG Resources by 3.9% in the 1st quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company's stock worth $757,808,000 after purchasing an additional 223,294 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in EOG Resources by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company's stock valued at $709,201,000 after purchasing an additional 60,454 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Down 1.5%

EOG Resources stock traded down $1.80 during mid-day trading on Friday, hitting $118.20. The stock had a trading volume of 1,967,189 shares, compared to its average volume of 2,275,035. The stock has a 50-day simple moving average of $119.80 and a two-hundred day simple moving average of $118.10. 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 stock has a market capitalization of $64.54 billion, a PE ratio of 11.49, a P/E/G ratio of 9.19 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.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (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 company had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same period in the prior year, the company posted $3.16 EPS. The company's revenue was down 9.1% compared to the same quarter last year. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction 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 owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

EOG has been the topic of several recent analyst reports. Susquehanna boosted their target price on EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Morgan Stanley set a $135.00 price objective on EOG Resources and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Melius Research began coverage on EOG Resources in a report on Wednesday, August 20th. They set a "buy" rating and a $173.00 target price on the stock. Jefferies Financial Group restated a "buy" rating and issued a $148.00 target price (up from $144.00) on shares of EOG Resources in a research note on Friday, June 13th. Finally, Barclays upped their price target on shares of EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $143.52.

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.