Wilmington Savings Fund Society FSB Lowers Stock Holdings in EOG Resources, Inc. $EOG

Wilmington Savings Fund Society FSB decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 0.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,391 shares of the energy exploration company’s stock after selling 245 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in EOG Resources were worth $8,061,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Banque Cantonale Vaudoise purchased a new stake in EOG Resources in the 1st quarter worth $26,000. Saudi Central Bank purchased a new stake in EOG Resources in the 1st quarter worth $28,000. Raleigh Capital Management Inc. purchased a new stake in EOG Resources in the 2nd quarter worth $29,000. Alpine Bank Wealth Management purchased a new stake in EOG Resources in the 1st quarter worth $34,000. Finally, WPG Advisers LLC bought a new stake in shares of EOG Resources in the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 1.4%

NYSE:EOG opened at $109.63 on Tuesday. The firm has a market capitalization of $59.86 billion, a P/E ratio of 10.65, a PEG ratio of 8.36 and a beta of 0.74. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company’s fifty day moving average price is $117.28 and its 200-day moving average price is $116.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EOG. Scotiabank restated a “sector perform” rating and issued a $130.00 target price on shares of EOG Resources in a report on Friday, September 26th. Weiss Ratings restated a “hold (c)” rating on shares of EOG Resources in a research note on Wednesday, October 8th. Stephens assumed coverage on shares of EOG Resources in a research note on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 price objective on the stock. Mizuho dropped their price objective on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Finally, Jefferies Financial Group set a $145.00 target price on shares of EOG Resources in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus target price of $143.30.

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.