PKO Investment Management Joint Stock Co Sells 2,500 Shares of EOG Resources, Inc. $EOG

PKO Investment Management Joint Stock Co lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 14.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,500 shares of the energy exploration company’s stock after selling 2,500 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in EOG Resources were worth $1,734,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EOG. Nuveen LLC acquired a new position in EOG Resources in the first quarter valued at about $451,908,000. Charles Schwab Investment Management Inc. raised its stake in EOG Resources by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock valued at $2,485,402,000 after purchasing an additional 1,188,552 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in EOG Resources in the first quarter valued at about $81,752,000. LSV Asset Management raised its stake in EOG Resources by 290.5% in the first quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock valued at $88,158,000 after purchasing an additional 511,418 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in EOG Resources in the first quarter valued at about $52,273,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Susquehanna boosted their price target on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group lowered their target price on EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Raymond James Financial boosted their target price on EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 22nd. Piper Sandler set a $129.00 target price on EOG Resources and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Melius initiated coverage on EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $140.76.

EOG Resources Stock Performance

NYSE:EOG opened at $106.38 on Friday. The company has a market capitalization of $58.08 billion, a PE ratio of 10.34, a P/E/G ratio of 8.35 and a beta of 0.74. The company has a 50 day simple moving average of $115.38 and a two-hundred day simple moving average of $115.76. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.16 EPS. Research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

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.