Janney Montgomery Scott LLC Increases Holdings in EOG Resources Inc (NYSE:EOG)

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Janney Montgomery Scott LLC grew its holdings in shares of EOG Resources Inc (NYSE:EOG) by 13.5% in the second quarter, HoldingsChannel reports. The fund owned 65,344 shares of the energy exploration company’s stock after purchasing an additional 7,796 shares during the quarter. Janney Montgomery Scott LLC’s holdings in EOG Resources were worth $6,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Findlay Park Partners LLP lifted its stake in 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 in the last quarter. Dimensional Fund Advisors LP raised its position in 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. Janus Henderson Group PLC raised its position in EOG Resources by 55.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,699,620 shares of the energy exploration company’s stock worth $161,773,000 after purchasing an additional 604,820 shares during the period. USS Investment Management Ltd grew its stake in 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 acquiring an additional 563,156 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in EOG Resources by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 6,797,414 shares of the energy exploration company’s stock worth $591,653,000 after acquiring an additional 486,443 shares in the last quarter. 87.01% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on EOG shares. SunTrust Banks dropped their target price on shares of EOG Resources to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, June 12th. ValuEngine downgraded shares of EOG Resources from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. KeyCorp upped their target price on shares of EOG Resources from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Thursday, May 9th. Finally, JPMorgan Chase & Co. dropped their target price on shares of EOG Resources from $115.00 to $109.00 and set an “overweight” rating on the stock in a research note on Friday, June 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $116.36.

Shares of NYSE EOG traded up $1.27 during midday trading on Tuesday, reaching $79.19. 947,157 shares of the company’s stock traded hands, compared to its average volume of 3,990,098. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.02. The stock’s 50 day moving average is $86.48. EOG Resources Inc has a one year low of $74.84 and a one year high of $133.53. The stock has a market cap of $45.61 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.74 and a beta of 1.31.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.02). EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. The business had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter in the prior year, the business posted $1.37 earnings per share. EOG Resources’s revenue for the quarter was up 10.8% on a year-over-year basis. Equities analysts predict that EOG Resources Inc will post 5.24 EPS for the current fiscal year.

EOG Resources Profile

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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