Ethic Inc. Sells 373 Shares of EOG Resources, Inc. $EOG

Ethic Inc. lessened its position in EOG Resources, Inc. (NYSE:EOG) by 7.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,909 shares of the energy exploration company’s stock after selling 373 shares during the period. Ethic Inc.’s holdings in EOG Resources were worth $593,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EOG. Banque Cantonale Vaudoise purchased a new stake in EOG Resources during the first quarter valued at approximately $26,000. Saudi Central Bank purchased a new position in EOG Resources during the first quarter valued at $28,000. Raleigh Capital Management Inc. purchased a new position in EOG Resources during the second quarter valued at $29,000. WPG Advisers LLC purchased a new position in EOG Resources during the first quarter valued at $36,000. Finally, ORG Partners LLC grew its stake in shares of EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after buying an additional 88 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $105.87 on Wednesday. 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, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The company has a 50 day simple moving average of $114.94 and a two-hundred day simple moving average of $115.81. The stock has a market cap of $57.80 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 8.25 and a beta of 0.74.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $5.45 billion. During the same period in the previous year, the business posted $3.16 EPS. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. As a group, analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Argus lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Barclays set a $136.00 price objective on shares of EOG Resources and gave the company an “equal weight” rating in a report on Tuesday, October 7th. KeyCorp decreased their price objective on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. Melius began 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 on the stock. Finally, Wolfe Research cut their target price on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $140.76.

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.