Hunter Perkins Capital Management LLC Has $7.42 Million Stock Position in EOG Resources, Inc. $EOG

Hunter Perkins Capital Management LLC increased its stake in EOG Resources, Inc. (NYSE:EOG) by 0.3% during the second quarter, HoldingsChannel reports. The firm owned 62,008 shares of the energy exploration company’s stock after acquiring an additional 175 shares during the period. EOG Resources accounts for approximately 1.8% of Hunter Perkins Capital Management LLC’s holdings, making the stock its 19th biggest position. Hunter Perkins Capital Management LLC’s holdings in EOG Resources were worth $7,417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of EOG. NBC Securities Inc. raised its holdings in shares of EOG Resources by 180,300.0% during the first quarter. NBC Securities Inc. now owns 1,804 shares of the energy exploration company’s stock valued at $231,000 after acquiring an additional 1,803 shares during the period. Merit Financial Group LLC grew its position in EOG Resources by 16.6% during the 1st quarter. Merit Financial Group LLC now owns 6,657 shares of the energy exploration company’s stock worth $854,000 after purchasing an additional 947 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in EOG Resources during the 1st quarter worth approximately $242,000. Procyon Advisors LLC raised its stake in EOG Resources by 325.0% during the 1st quarter. Procyon Advisors LLC now owns 8,185 shares of the energy exploration company’s stock valued at $1,050,000 after purchasing an additional 6,259 shares during the period. Finally, SeaCrest Wealth Management LLC lifted its holdings in shares of EOG Resources by 14.3% in the first quarter. SeaCrest Wealth Management LLC now owns 2,103 shares of the energy exploration company’s stock valued at $270,000 after purchasing an additional 263 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

Shares of EOG opened at $110.66 on Monday. The company has a market capitalization of $60.42 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 8.51 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The company’s fifty day moving average price is $118.46 and its 200 day moving average price is $117.16.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.18. The company 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%.EOG Resources’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.16 earnings per share. As a group, analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Analyst Ratings Changes

EOG has been the topic of a number of research analyst reports. UBS Group lifted their price target on EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Argus lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. JPMorgan Chase & Co. cut their price target on EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Stephens initiated coverage on EOG Resources in a research note on Tuesday, June 17th. They issued an “equal weight” rating and a $137.00 price target for the company. Finally, Scotiabank restated a “sector perform” rating and issued a $130.00 price objective on shares of EOG Resources in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average target price of $143.14.

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.