Voit & Company LLC Has $3.74 Million Stock Holdings in EOG Resources Inc (NYSE:EOG)

Voit & Company LLC grew its holdings in shares of EOG Resources Inc (NYSE:EOG) by 1.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 40,155 shares of the energy exploration company’s stock after purchasing an additional 425 shares during the period. EOG Resources makes up about 3.6% of Voit & Company LLC’s holdings, making the stock its 8th biggest holding. Voit & Company LLC’s holdings in EOG Resources were worth $3,741,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in EOG. Janus Henderson Group PLC raised its stake in shares of EOG Resources by 60.9% during the second quarter. Janus Henderson Group PLC now owns 2,734,872 shares of the energy exploration company’s stock valued at $254,785,000 after acquiring an additional 1,035,252 shares during the last quarter. Findlay Park Partners LLP raised its stake in shares of EOG Resources by 33.3% during the first quarter. Findlay Park Partners LLP now owns 2,938,638 shares of the energy exploration company’s stock valued at $279,700,000 after acquiring an additional 733,711 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of EOG Resources by 51.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,168,414 shares of the energy exploration company’s stock valued at $189,119,000 after acquiring an additional 732,531 shares during the last quarter. USS Investment Management Ltd raised its stake in shares of EOG Resources by 41.9% during the second quarter. USS Investment Management Ltd now owns 1,907,272 shares of the energy exploration company’s stock valued at $177,729,000 after acquiring an additional 563,156 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in shares of EOG Resources by 55.0% during the second quarter. CIBC Private Wealth Group LLC now owns 1,578,824 shares of the energy exploration company’s stock valued at $147,084,000 after acquiring an additional 559,957 shares during the last quarter. 87.01% of the stock is owned by hedge funds and other institutional investors.

NYSE:EOG traded down $2.37 during trading hours on Wednesday, reaching $75.55. The company had a trading volume of 1,206,906 shares, compared to its average volume of 3,839,394. The company has a current ratio of 1.02, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $44.34 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 1.74 and a beta of 1.31. The stock has a 50-day moving average price of $86.25. EOG Resources Inc has a twelve month low of $74.84 and a twelve month high of $133.53.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.02). The company had revenue of $4.70 billion during the quarter, compared to analyst estimates of $4.41 billion. EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.37 earnings per share. As a group, equities analysts predict that EOG Resources Inc will post 5.24 EPS for the current year.

Several research firms have recently issued reports on EOG. SunTrust Banks dropped their price target on shares of EOG Resources to $120.00 and set a “buy” rating for the company in a research note on Wednesday, June 12th. Citigroup lowered their target price on shares of EOG Resources from $120.00 to $116.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of EOG Resources from $115.00 to $109.00 and set an “overweight” rating for the company in a research note on Friday, June 28th. Morgan Stanley lowered their target price on shares of EOG Resources from $101.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. Finally, ValuEngine downgraded shares of EOG Resources from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $116.36.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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