Robeco Institutional Asset Management B.V. Grows Stock Holdings in EOG Resources, Inc. $EOG

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in EOG Resources by 37.6% in the second quarter, now owning approximately 0.09% of the company valued at $57.88 million.
• EOG Resources reported $2.32 earnings per share in its latest quarterly results, surpassing analyst estimates, despite a 9.1% drop in revenue year-over-year.
• Analysts have mixed views on EOG Resources, with one Strong Buy rating, nine Buy ratings, and thirteen Hold ratings, and a consensus target price of $143.14.

Robeco Institutional Asset Management B.V. increased its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 37.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 483,876 shares of the energy exploration company's stock after purchasing an additional 132,292 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.09% of EOG Resources worth $57,876,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new position in shares of EOG Resources during the first quarter valued at approximately $26,000. Saudi Central Bank bought a new stake in EOG Resources during the first quarter valued at approximately $28,000. Raleigh Capital Management Inc. bought a new stake in EOG Resources during the second quarter valued at approximately $29,000. Alpine Bank Wealth Management bought a new stake in EOG Resources during the first quarter valued at approximately $34,000. Finally, WPG Advisers LLC bought a new stake in EOG Resources during the first quarter valued at approximately $36,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

EOG opened at $110.40 on Friday. The firm has a market cap of $60.28 billion, a P/E ratio of 10.73, a PEG ratio of 8.54 and a beta of 0.74. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a 50 day simple moving average of $118.62 and a two-hundred day simple moving average of $117.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly 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. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same period in the prior year, the business posted $3.16 earnings per share. The company's revenue was down 9.1% on a year-over-year basis. Equities analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Melius assumed coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They set a "buy" rating and a $173.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $132.00 to $131.00 and set a "neutral" rating for the company in a research report on Wednesday. UBS Group boosted their target price on shares of EOG Resources from $142.00 to $144.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Wells Fargo & Company restated an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. Finally, Stephens began coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 target price for the company. One equities research 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. According to data from MarketBeat, EOG Resources presently has an average rating of "Hold" and a consensus target price of $143.14.

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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