Shell Asset Management Co. Acquires 4,586 Shares of EOG Resources, Inc. $EOG

Key Points

• Shell Asset Management Co. increased its stake in EOG Resources, acquiring an additional 4,586 shares in the second quarter, bringing its total holdings to 33,611 shares valued at approximately $4,020,000.
• EOG Resources experienced a 9.1% decline in revenue year-over-year, reporting $5.48 billion for the latest quarter, despite beating EPS expectations at $2.32 compared to a forecast of $2.14.
• Analyst ratings for EOG Resources are varied, with a consensus rating of "Hold" and a target price average of $143.43, following recent adjustments from several brokerages.

Shell Asset Management Co. increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 15.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,611 shares of the energy exploration company's stock after purchasing an additional 4,586 shares during the quarter. Shell Asset Management Co.'s holdings in EOG Resources were worth $4,020,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of EOG. Hennion & Walsh Asset Management Inc. bought a new position in shares of EOG Resources during the 1st quarter worth approximately $242,000. UMB Bank n.a. grew its stake in shares of EOG Resources by 4.6% during the 1st quarter. UMB Bank n.a. now owns 9,375 shares of the energy exploration company's stock worth $1,202,000 after acquiring an additional 411 shares in the last quarter. Miracle Mile Advisors LLC grew its stake in shares of EOG Resources by 19.0% during the 1st quarter. Miracle Mile Advisors LLC now owns 10,727 shares of the energy exploration company's stock worth $1,376,000 after acquiring an additional 1,709 shares in the last quarter. Daymark Wealth Partners LLC grew its stake in shares of EOG Resources by 1.2% during the 1st quarter. Daymark Wealth Partners LLC now owns 13,995 shares of the energy exploration company's stock worth $1,795,000 after acquiring an additional 160 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of EOG Resources by 21.1% during the 1st quarter. Farther Finance Advisors LLC now owns 4,149 shares of the energy exploration company's stock worth $536,000 after acquiring an additional 722 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on EOG. Jefferies Financial Group reaffirmed a "buy" rating and set a $148.00 price target (up from $144.00) on shares of EOG Resources in a research note on Friday, June 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of EOG Resources in a research note on Saturday, September 27th. Argus cut shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Monday, August 25th. Susquehanna raised their target price on shares of EOG Resources from $156.00 to $170.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Finally, Scotiabank reissued a "sector perform" rating and issued a $130.00 target price on shares of EOG Resources in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $143.43.

EOG Resources Price Performance

NYSE:EOG opened at $110.36 on Wednesday. The firm has a fifty day simple moving average of $117.98 and a 200 day simple moving average of $117.02. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The stock has a market capitalization of $60.25 billion, a PE ratio of 10.72, a P/E/G ratio of 8.48 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.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business 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 posted $3.16 EPS. The company's quarterly revenue was down 9.1% on a year-over-year basis. On average, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Company 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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