Jennison Associates LLC Sells 102,429 Shares of EOG Resources Inc (NYSE:EOG)

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Jennison Associates LLC reduced its position in shares of EOG Resources Inc (NYSE:EOG) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,121,284 shares of the energy exploration company’s stock after selling 102,429 shares during the quarter. Jennison Associates LLC owned 0.19% of EOG Resources worth $104,459,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EOG. Northern Trust Corp increased its holdings in shares of EOG Resources by 0.6% in the first quarter. Northern Trust Corp now owns 7,916,964 shares of the energy exploration company’s stock valued at $753,537,000 after purchasing an additional 49,571 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of EOG Resources by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 6,797,414 shares of the energy exploration company’s stock valued at $591,653,000 after purchasing an additional 486,443 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of EOG Resources by 3.7% in the first quarter. Neuberger Berman Group LLC now owns 6,031,278 shares of the energy exploration company’s stock valued at $574,057,000 after purchasing an additional 213,352 shares during the last quarter. Findlay Park Partners LLP increased its holdings in shares of EOG Resources by 33.3% in the first quarter. Findlay Park Partners LLP now owns 2,938,638 shares of the energy exploration company’s stock valued at $279,700,000 after purchasing an additional 733,711 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings 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 valued at $254,785,000 after purchasing an additional 1,035,252 shares during the last quarter. 87.31% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on EOG shares. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a report on Thursday, May 9th. MKM Partners upgraded shares of EOG Resources from a “neutral” rating to a “buy” rating and set a $109.00 price objective on the stock in a report on Tuesday, May 28th. TheStreet downgraded shares of EOG Resources from a “b-” rating to a “c” rating in a report on Thursday, August 15th. Wells Fargo & Co upped their price objective on shares of EOG Resources from $101.00 to $103.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of EOG Resources from $115.00 to $109.00 and set an “overweight” rating on the stock in a report on Friday, June 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $114.50.

Shares of EOG stock traded down $3.76 on Friday, hitting $71.75. The company’s stock had a trading volume of 3,537,057 shares, compared to its average volume of 4,345,999. 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 stock’s 50 day moving average is $83.19 and its 200-day moving average is $90.81. EOG Resources Inc has a fifty-two week low of $71.36 and a fifty-two week high of $133.53. The company has a market capitalization of $43.85 billion, a PE ratio of 12.95, a PEG ratio of 1.66 and a beta of 1.31.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.02). The firm had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.41 billion. EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.37 earnings per share. On average, research analysts forecast that EOG Resources Inc will post 5.2 earnings per share for the current year.

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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