EOG Resources, Inc. $EOG Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. decreased its position in EOG Resources, Inc. (NYSE:EOG) by 28.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 335 shares of the energy exploration company’s stock after selling 136 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in EOG Resources were worth $40,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Banque Cantonale Vaudoise acquired a new position in shares of EOG Resources during the 1st quarter worth $26,000. Saudi Central Bank acquired a new position in shares of EOG Resources in the 1st quarter valued at approximately $28,000. Alpine Bank Wealth Management acquired a new position in shares of EOG Resources in the 1st quarter valued at approximately $34,000. Ameriflex Group Inc. bought a new position in EOG Resources during the 4th quarter worth $36,000. Finally, WPG Advisers LLC bought a new position in shares of EOG Resources in the first quarter worth $36,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the business’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the transaction, the chief operating officer directly owned 45,739 shares in the company, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

EOG Resources Stock Down 2.2%

Shares of NYSE EOG opened at $115.74 on Friday. The stock has a market capitalization of $63.19 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 8.89 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. The firm’s 50-day moving average price is $119.43 and its 200-day moving average price is $117.89. 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) last announced its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.18. The firm had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.16 EPS. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Melius started coverage on EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective for the company. Wells Fargo & Company reiterated an “overweight” rating on shares of EOG Resources in a report on Sunday, June 22nd. Roth Capital cut EOG Resources from a “buy” rating to a “neutral” rating and reduced their price target for the company from $140.00 to $134.00 in a research report on Wednesday, July 9th. Jefferies Financial Group reissued a “buy” rating and set a $148.00 price target (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Finally, Mizuho cut their price objective on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and a consensus price target of $143.48.

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.