Lyell Wealth Management LP Increases Stock Position in EOG Resources Inc (NYSE:EOG)

Lyell Wealth Management LP raised its position in shares of EOG Resources Inc (NYSE:EOG) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,108 shares of the energy exploration company’s stock after buying an additional 250 shares during the period. Lyell Wealth Management LP’s holdings in EOG Resources were worth $1,780,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EOG. Janus Henderson Group PLC boosted its position in EOG Resources by 60.9% during the 2nd quarter. Janus Henderson Group PLC now owns 2,734,872 shares of the energy exploration company’s stock valued at $254,785,000 after buying an additional 1,035,252 shares during the period. Findlay Park Partners LLP lifted its position in shares of EOG Resources by 33.3% in the 1st quarter. Findlay Park Partners LLP now owns 2,938,638 shares of the energy exploration company’s stock worth $279,700,000 after purchasing an additional 733,711 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of EOG Resources by 51.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,168,414 shares of the energy exploration company’s stock worth $189,119,000 after purchasing an additional 732,531 shares during the period. USS Investment Management Ltd lifted its position in shares of EOG Resources by 41.9% in the 2nd quarter. USS Investment Management Ltd now owns 1,907,272 shares of the energy exploration company’s stock worth $177,729,000 after purchasing an additional 563,156 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of EOG Resources by 55.0% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,578,824 shares of the energy exploration company’s stock worth $147,084,000 after purchasing an additional 559,957 shares during the period. 87.01% of the stock is owned by institutional investors and hedge funds.

Shares of EOG Resources stock traded down $3.07 during trading on Wednesday, hitting $75.45. The company’s stock had a trading volume of 256,187 shares, compared to its average volume of 3,839,394. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.83. The business’s fifty day moving average price is $86.25. The firm has a market capitalization of $44.34 billion, a P/E ratio of 13.64, a PEG ratio of 1.74 and a beta of 1.31. EOG Resources Inc has a 52 week low of $74.84 and a 52 week high of $133.53.



EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.02). The business had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.41 billion. EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.37 earnings per share. As a group, equities research analysts anticipate that EOG Resources Inc will post 5.24 EPS for the current fiscal year.

Several equities research analysts have recently commented on the stock. Goldman Sachs Group raised shares of EOG Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 28th. Susquehanna Bancshares raised shares of EOG Resources from a “neutral” rating to a “positive” rating and raised their target price for the stock from $107.00 to $115.00 in a research report on Monday, May 6th. Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Thursday, May 9th. ValuEngine cut shares of EOG Resources from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Finally, Morgan Stanley dropped their target price on shares of EOG Resources from $101.00 to $97.00 and set an “equal weight” rating for the company in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the stock. EOG Resources presently has a consensus rating of “Buy” and a consensus target price of $116.36.

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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