Renaissance Technologies LLC Cuts Position in EOG Resources Inc (NYSE:EOG)

Renaissance Technologies LLC reduced its holdings in shares of EOG Resources Inc (NYSE:EOG) by 79.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 559,500 shares of the energy exploration company’s stock after selling 2,101,300 shares during the quarter. Renaissance Technologies LLC owned 0.10% of EOG Resources worth $52,123,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Janus Henderson Group PLC boosted its position in shares of EOG Resources by 60.9% in the second quarter. Janus Henderson Group PLC now owns 2,734,872 shares of the energy exploration company’s stock worth $254,785,000 after buying an additional 1,035,252 shares during the period. USS Investment Management Ltd lifted its holdings 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 buying an additional 563,156 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in 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 valued at $147,084,000 after buying an additional 559,957 shares during the last quarter. Findlay Park Partners LLP boosted its position in EOG Resources by 19.0% in the 2nd quarter. Findlay Park Partners LLP now owns 3,495,785 shares of the energy exploration company’s stock valued at $325,667,000 after buying an additional 557,147 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in EOG Resources by 7.7% during 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 purchasing an additional 486,443 shares during the last quarter. Institutional investors and hedge funds own 86.52% of the company’s stock.

Shares of NYSE:EOG traded up $0.68 during trading on Wednesday, reaching $80.78. The company had a trading volume of 131,136 shares, compared to its average volume of 3,451,562. The firm’s fifty day moving average is $78.23 and its 200 day moving average is $88.82. 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 firm has a market capitalization of $46.45 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36. EOG Resources Inc has a twelve month low of $70.83 and a twelve month high of $133.53.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $1.31 EPS for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.02). The company had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.41 billion. EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. EOG Resources’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 EPS. Equities analysts predict that EOG Resources Inc will post 5 earnings per share for the current fiscal year.

Several equities analysts have recently commented on EOG shares. Piper Jaffray Companies set a $111.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research report on Friday, August 16th. Morgan Stanley lowered their price objective on EOG Resources from $101.00 to $97.00 and set an “equal weight” rating for the company in a report on Friday, July 12th. TheStreet cut EOG Resources from a “b-” rating to a “c” rating in a research note on Thursday, August 15th. Oppenheimer cut their price objective on EOG Resources from $111.00 to $102.00 and set an “outperform” rating on the stock in a research note on Thursday, August 22nd. Finally, SunTrust Banks reduced their target price on EOG Resources to $120.00 and set a “buy” rating on the stock in a report on Wednesday, June 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 company. EOG Resources has a consensus rating of “Buy” and a consensus price target of $114.09.

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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