Gabelli Funds LLC Cuts Position in EOG Resources, Inc. (NYSE:EOG)

Gabelli Funds LLC trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 172,850 shares of the energy exploration company’s stock after selling 900 shares during the quarter. Gabelli Funds LLC’s holdings in EOG Resources were worth $21,910,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in EOG. State Street Corp lifted its position in EOG Resources by 2.8% in the 1st quarter. State Street Corp now owns 36,299,584 shares of the energy exploration company’s stock valued at $4,161,014,000 after purchasing an additional 1,005,328 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of EOG Resources by 11.0% during the second quarter. Capital Research Global Investors now owns 33,923,655 shares of the energy exploration company’s stock valued at $3,882,219,000 after buying an additional 3,348,650 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of EOG Resources by 4.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 12,791,379 shares of the energy exploration company’s stock worth $1,463,845,000 after buying an additional 551,835 shares during the period. Geode Capital Management LLC grew its holdings in EOG Resources by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 12,183,166 shares of the energy exploration company’s stock worth $1,391,507,000 after buying an additional 368,745 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in EOG Resources by 1.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 10,475,545 shares of the energy exploration company’s stock valued at $1,198,821,000 after acquiring an additional 197,796 shares during the period. Institutional investors own 89.21% of the company’s stock.

EOG Resources Trading Up 0.7 %

Shares of EOG opened at $110.39 on Tuesday. EOG Resources, Inc. has a 1-year low of $98.52 and a 1-year high of $136.79. The business’s 50-day moving average price is $118.07 and its 200 day moving average price is $124.52. The company has a current ratio of 2.43, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $64.37 billion, a P/E ratio of 8.15, a P/E/G ratio of 0.32 and a beta of 1.40.

Analyst Ratings Changes

A number of brokerages have issued reports on EOG. Sanford C. Bernstein lowered EOG Resources from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $155.00 to $146.00 in a research report on Tuesday, October 17th. Bank of America lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their target price for the company from $147.00 to $140.00 in a research report on Friday, January 5th. Mizuho dropped their price target on shares of EOG Resources from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Wednesday, January 3rd. Raymond James decreased their price objective on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Finally, Citigroup cut EOG Resources from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $144.00 to $135.00 in a report on Monday, October 23rd. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.50.

Check Out Our Latest Stock Report on EOG Resources

EOG Resources Profile

(Free Report)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.

Further Reading

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.