Cassia Capital Partners LLC Increases Stake in EOG Resources, Inc. $EOG

Cassia Capital Partners LLC increased its stake in EOG Resources, Inc. (NYSE:EOG) by 7.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,048 shares of the energy exploration company’s stock after purchasing an additional 581 shares during the period. Cassia Capital Partners LLC’s holdings in EOG Resources were worth $963,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of EOG. Ameriflex Group Inc. acquired a new stake in EOG Resources during the 4th quarter worth about $36,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in EOG Resources in the 4th quarter worth approximately $26,062,000. PKO Investment Management Joint Stock Co purchased a new position in EOG Resources during the 4th quarter worth approximately $2,121,000. 111 Capital acquired a new stake in EOG Resources during the 4th quarter valued at approximately $680,000. Finally, Versant Capital Management Inc boosted its holdings in shares of EOG Resources by 62.6% in the 1st quarter. Versant Capital Management Inc now owns 1,839 shares of the energy exploration company’s stock valued at $236,000 after acquiring an additional 708 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the company’s stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the transaction, the chief operating officer directly owned 45,739 shares in the company, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

EOG has been the subject of several recent research reports. Stephens began coverage on shares of EOG Resources in a report on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 target price for the company. Barclays lifted their price objective on EOG Resources from $137.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, June 2nd. Argus downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. Wells Fargo & Company reiterated an “overweight” rating on shares of EOG Resources in a research report on Sunday, June 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 report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $143.48.

EOG Resources Stock Performance

NYSE EOG opened at $116.76 on Thursday. The stock has a market capitalization of $63.75 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 8.88 and a beta of 0.85. The stock has a 50-day moving average of $119.16 and a 200 day moving average of $117.77. 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 twelve month low of $102.52 and a twelve month high of $138.18.

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

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.