EOG Resources Inc (NYSE:EOG) Shares Sold by Two Sigma Advisers LP

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Two Sigma Advisers LP cut its stake in EOG Resources Inc (NYSE:EOG) by 9.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,838,738 shares of the energy exploration company’s stock after selling 304,300 shares during the period. Two Sigma Advisers LP’s holdings in EOG Resources were worth $143,810,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of EOG. Blume Capital Management Inc. lifted its stake in EOG Resources by 66.7% in the 2nd quarter. Blume Capital Management Inc. now owns 500 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 200 shares in the last quarter. Highland Capital Management LLC lifted its stake in EOG Resources by 0.5% in the 2nd quarter. Highland Capital Management LLC now owns 37,497 shares of the energy exploration company’s stock worth $1,900,000 after acquiring an additional 204 shares in the last quarter. Cim Investment Mangement Inc. raised its stake in shares of EOG Resources by 3.4% during the 1st quarter. Cim Investment Mangement Inc. now owns 6,903 shares of the energy exploration company’s stock worth $248,000 after purchasing an additional 229 shares in the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of EOG Resources by 4.0% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 6,514 shares of the energy exploration company’s stock worth $330,000 after purchasing an additional 250 shares in the last quarter. Finally, Osborne Partners Capital Management LLC raised its stake in shares of EOG Resources by 0.5% during the 2nd quarter. Osborne Partners Capital Management LLC now owns 51,898 shares of the energy exploration company’s stock worth $2,629,000 after purchasing an additional 264 shares in the last quarter. 87.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:EOG traded up $2.27 during trading on Wednesday, hitting $40.86. 6,553,727 shares of the stock were exchanged, compared to its average volume of 5,436,935. EOG Resources Inc has a 1-year low of $27.00 and a 1-year high of $89.54. The company has a market capitalization of $23.79 billion, a price-to-earnings ratio of 66.98, a price-to-earnings-growth ratio of 9.21 and a beta of 1.95. The company’s fifty day simple moving average is $45.64 and its 200-day simple moving average is $47.14. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.82 and a current ratio of 2.13.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 6th. The energy exploration company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.18). EOG Resources had a return on equity of 7.70% and a net margin of 2.44%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the previous year, the business posted $1.31 EPS. EOG Resources’s revenue for the quarter was down 76.0% compared to the same quarter last year. On average, research analysts forecast that EOG Resources Inc will post 0.51 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on EOG shares. Wells Fargo & Company raised their price target on EOG Resources from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Siebert Williams Shank started coverage on EOG Resources in a research note on Monday, June 15th. They set a “hold” rating and a $60.00 price target for the company. Raymond James raised their price target on EOG Resources from $60.00 to $64.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Northland Securities initiated coverage on EOG Resources in a research note on Monday. They issued a “market perform” rating and a $56.00 price objective on the stock. Finally, Piper Sandler raised their price objective on EOG Resources from $51.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Thirteen equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. EOG Resources presently has an average rating of “Buy” and a consensus price target of $64.17.

About EOG Resources

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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