Twin Capital Management Inc. grew its stake in shares of EOG Resources Inc (NYSE:EOG) by 166.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,465 shares of the energy exploration company’s stock after buying an additional 39,050 shares during the period. Twin Capital Management Inc.’s holdings in EOG Resources were worth $5,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in EOG. Valeo Financial Advisors LLC raised its position in shares of EOG Resources by 76.4% during the first quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 113 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of EOG Resources by 131.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 275 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 156 shares in the last quarter. Guidant Wealth Advisors grew its holdings in shares of EOG Resources by 50.5% in the first quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock valued at $29,000 after purchasing an additional 101 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of EOG Resources in the second quarter valued at $33,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of EOG Resources in the second quarter valued at $37,000. Hedge funds and other institutional investors own 87.01% of the company’s stock.
Shares of EOG stock traded up $0.24 on Thursday, hitting $75.26. The stock had a trading volume of 87,552 shares, compared to its average volume of 4,047,049. 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 business has a 50 day moving average price of $85.95. The company has a market capitalization of $43.18 billion, a P/E ratio of 13.60, a PEG ratio of 1.71 and a beta of 1.31. EOG Resources Inc has a one year low of $74.26 and a one year high of $133.53.
EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $1.31 EPS for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.02). The firm had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.41 billion. EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 earnings per share. On average, research analysts predict that EOG Resources Inc will post 5.24 earnings per share for the current fiscal year.
EOG has been the subject of a number of recent research reports. Goldman Sachs Group raised shares of EOG Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, May 28th. Susquehanna Bancshares raised shares of EOG Resources from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $107.00 to $115.00 in a research note on Monday, May 6th. SunTrust Banks dropped their price objective on shares of EOG Resources to $120.00 and set a “buy” rating for the company in a research note on Wednesday, June 12th. Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Thursday, May 9th. Finally, Citigroup dropped their price objective on shares of EOG Resources from $120.00 to $116.00 and set a “buy” rating for the company in a research note on Tuesday. One investment 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 an average rating of “Buy” and a consensus target price of $116.36.
EOG Resources Company Profile
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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