J. Safra Sarasin Holding AG Sells 182 Shares of EOG Resources, Inc. $EOG

J. Safra Sarasin Holding AG cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 3.7% during the 2nd quarter, Holdings Channel reports. The firm owned 4,785 shares of the energy exploration company’s stock after selling 182 shares during the period. J. Safra Sarasin Holding AG’s holdings in EOG Resources were worth $572,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of EOG. Nuveen LLC bought a new stake in EOG Resources during the 1st quarter valued at approximately $451,908,000. Charles Schwab Investment Management Inc. boosted its position in EOG Resources by 6.5% during the 1st 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 acquiring an additional 1,188,552 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in EOG Resources during the 1st quarter valued at approximately $81,752,000. LSV Asset Management boosted its position in EOG Resources by 290.5% during the 1st quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock valued at $88,158,000 after acquiring an additional 511,418 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in EOG Resources during the 1st quarter valued at approximately $52,273,000. 89.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Mizuho cut their price objective on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Susquehanna lifted their price objective on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Melius Research assumed coverage on EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective on the stock. Stephens initiated coverage on EOG Resources in a research report on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 price objective on the stock. Finally, Scotiabank reiterated a “sector perform” rating and set a $130.00 target price on shares of EOG Resources in a report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $143.14.

EOG Resources Stock Performance

EOG stock opened at $110.66 on Friday. The stock has a market capitalization of $60.42 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 8.51 and a beta of 0.74. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The stock’s 50 day simple moving average is $118.46 and its 200 day simple moving average is $117.21.

EOG Resources (NYSE:EOG) last released its quarterly earnings data 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. The business had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.16 EPS. As a group, research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal 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.