Sumitomo Life Insurance Co. Has $2.77 Million Stock Holdings in EOG Resources, Inc. $EOG

Sumitomo Life Insurance Co. cut its position in EOG Resources, Inc. (NYSE:EOG) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,153 shares of the energy exploration company’s stock after selling 1,002 shares during the period. Sumitomo Life Insurance Co.’s holdings in EOG Resources were worth $2,769,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EOG. ARGA Investment Management LP lifted its position in shares of EOG Resources by 24.2% during the 1st quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company’s stock worth $1,724,000 after buying an additional 2,616 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of EOG Resources by 30.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock worth $25,107,000 after buying an additional 45,295 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of EOG Resources by 49.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 11,497 shares of the energy exploration company’s stock worth $1,474,000 after buying an additional 3,794 shares in the last quarter. Jump Financial LLC bought a new position in shares of EOG Resources during the 1st quarter worth approximately $2,796,000. Finally, FORA Capital LLC bought a new position in shares of EOG Resources during the 1st quarter worth approximately $472,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EOG has been the topic of a number of research analyst reports. Siebert Williams Shank dropped their target price on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Roth Capital lowered their target price on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Jefferies Financial Group set a $145.00 target price on shares of EOG Resources in a research note on Sunday, October 12th. Wolfe Research lowered their target price on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Finally, Barclays set a $136.00 price target on shares of EOG Resources and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $140.76.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $105.85 on Friday. The company has a market cap of $57.79 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 8.20 and a beta of 0.74. The company has a 50-day moving average price of $114.13 and a 200-day moving average price of $115.76. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18.

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

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.