Cooke & Bieler LP Has $73 Million Stake in EOG Resources, Inc. $EOG

Cooke & Bieler LP trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 610,339 shares of the energy exploration company’s stock after selling 13,165 shares during the period. Cooke & Bieler LP owned approximately 0.11% of EOG Resources worth $73,003,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in EOG Resources by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock worth $6,922,633,000 after buying an additional 348,895 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of EOG Resources by 6.5% during 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 acquiring an additional 1,188,552 shares during the period. Northern Trust Corp lifted its stake in shares of EOG Resources by 6.3% during the first quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock valued at $779,433,000 after acquiring an additional 358,916 shares during the period. Alliancebernstein L.P. lifted its stake in shares of EOG Resources by 3.9% during the first quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock valued at $757,808,000 after acquiring an additional 223,294 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of EOG Resources by 1.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company’s stock valued at $709,201,000 after acquiring an additional 60,454 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Up 0.4%

EOG opened at $105.85 on Friday. The firm has a market cap of $57.79 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 8.20 and a beta of 0.74. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The firm’s fifty day moving average is $114.13 and its two-hundred day moving average is $115.70.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.14 by $0.18. The business had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm’s revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.16 EPS. Equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on EOG. UBS Group upped their target price on shares of EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Wolfe Research cut their price objective on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Wells Fargo & Company cut their price objective on shares of EOG Resources from $149.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, October 17th. Barclays set a $136.00 price target on EOG Resources and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Finally, Morgan Stanley cut their price target on EOG Resources from $141.00 to $136.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $140.76.

EOG Resources 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.