Trilogy Capital Inc. Sells 229 Shares of EOG Resources, Inc. $EOG

Trilogy Capital Inc. lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 22,793 shares of the energy exploration company’s stock after selling 229 shares during the quarter. Trilogy Capital Inc.’s holdings in EOG Resources were worth $2,726,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in EOG. ARGA Investment Management LP boosted its stake 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 purchasing an additional 2,616 shares during the period. Canada Pension Plan Investment Board boosted its position in EOG Resources by 30.1% in 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 purchasing an additional 45,295 shares in the last quarter. CWA Asset Management Group LLC lifted its position in shares of EOG Resources by 15.3% during the 1st quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company’s stock valued at $2,609,000 after buying an additional 2,697 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in EOG Resources by 37.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company’s stock valued at $20,852,000 after purchasing an additional 44,687 shares during the last quarter. Finally, Pinnacle Financial Partners Inc increased its stake in shares of EOG Resources by 4.7% in the 1st quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company’s stock worth $23,032,000 after acquiring an additional 8,127 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Trading Down 1.1%

EOG opened at $112.06 on Wednesday. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company’s 50-day moving average is $118.94 and its 200 day moving average is $117.48. The firm has a market capitalization of $61.18 billion, a PE ratio of 10.89, a P/E/G ratio of 8.70 and a beta of 0.85. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EOG. Roth Capital lowered EOG Resources from a “buy” rating to a “neutral” rating and dropped their target price for the company from $140.00 to $134.00 in a report on Wednesday, July 9th. Scotiabank reiterated a “sector perform” rating and set a $130.00 price target on shares of EOG Resources in a research report on Friday, September 26th. Melius started coverage on EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective for the company. Raymond James Financial boosted their price target on EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 22nd. Finally, Susquehanna boosted their price target on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $143.41.

EOG Resources Company 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.