Rogco LP Boosts Holdings in EOG Resources, Inc. $EOG

Rogco LP raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 14.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,526 shares of the energy exploration company’s stock after purchasing an additional 712 shares during the period. Rogco LP’s holdings in EOG Resources were worth $661,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EOG. Banque Cantonale Vaudoise purchased a new position in shares of EOG Resources in the 1st quarter worth $26,000. Saudi Central Bank acquired a new position in EOG Resources during the first quarter valued at approximately $28,000. Raleigh Capital Management Inc. purchased a new stake in EOG Resources during the second quarter worth approximately $29,000. Alpine Bank Wealth Management purchased a new stake in EOG Resources during the first quarter worth approximately $34,000. Finally, ORG Partners LLC raised its stake in shares of EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after acquiring an additional 88 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

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

EOG Resources (NYSE:EOG) last issued its earnings results 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 company had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.EOG Resources’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.16 earnings per share. As a group, sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EOG shares. Royal Bank Of Canada decreased their price target on shares of EOG Resources from $145.00 to $140.00 and set an “outperform” rating for the company in a research report on Tuesday, July 8th. Roth Capital downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their target price for the company from $140.00 to $134.00 in a research note on Wednesday, July 9th. Argus downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. Scotiabank reiterated a “sector perform” rating and issued a $130.00 price objective on shares of EOG Resources in a report on Friday, September 26th. Finally, Susquehanna increased 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 equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $143.41.

About EOG Resources

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.