KLP Kapitalforvaltning AS Has $39.10 Million Stock Position in EOG Resources, Inc. $EOG

KLP Kapitalforvaltning AS lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 23.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 326,903 shares of the energy exploration company’s stock after buying an additional 61,900 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in EOG Resources were worth $39,101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of EOG. Banque Cantonale Vaudoise acquired a new stake in shares of EOG Resources during the first quarter worth $26,000. Saudi Central Bank acquired a new stake in shares of EOG Resources during the first quarter worth $28,000. Raleigh Capital Management Inc. acquired a new position in EOG Resources in the second quarter valued at about $29,000. Alpine Bank Wealth Management acquired a new position in EOG Resources in the first quarter valued at about $34,000. Finally, ORG Partners LLC raised its stake in EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

EOG Resources stock opened at $110.50 on Tuesday. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The business’s 50-day moving average price is $118.24 and its two-hundred day moving average price is $117.06. The stock has a market cap of $60.33 billion, a PE ratio of 10.74, a P/E/G ratio of 8.51 and a beta of 0.74.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. During the same quarter in the previous year, the business posted $3.16 earnings per share. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EOG has been the subject of a number of analyst reports. Royal Bank Of Canada dropped their price target on EOG Resources from $145.00 to $140.00 and set an “outperform” rating for the company in a research note on Tuesday, July 8th. Raymond James Financial boosted their price target on EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 22nd. Melius Research initiated coverage on EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price target for the company. JPMorgan Chase & Co. dropped their price target on EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Finally, Mizuho dropped their price target on EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, EOG Resources has a consensus rating of “Hold” and an average target price of $143.39.

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.