Sendero Wealth Management LLC Buys 596 Shares of EOG Resources, Inc. $EOG

Sendero Wealth Management LLC raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 23.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,152 shares of the energy exploration company’s stock after purchasing an additional 596 shares during the quarter. Sendero Wealth Management LLC’s holdings in EOG Resources were worth $377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new stake in EOG Resources in the first quarter worth $26,000. Saudi Central Bank bought a new stake in shares of EOG Resources in the 1st quarter valued at $28,000. Raleigh Capital Management Inc. bought a new stake in shares of EOG Resources in the 2nd quarter valued at $29,000. Alpine Bank Wealth Management acquired a new stake in EOG Resources during the 1st quarter worth $34,000. Finally, WPG Advisers LLC bought a new position in EOG Resources during the first quarter worth about $36,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Up 0.2%

Shares of EOG Resources stock opened at $110.66 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The business has a fifty day simple moving average of $118.46 and a two-hundred day simple moving average of $117.16. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a market capitalization of $60.42 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 8.51 and a beta of 0.74.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wolfe Research decreased their price objective on EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. KeyCorp reduced their price target on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. Royal Bank Of Canada lowered their price objective 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. Melius Research assumed coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective on the stock. Finally, Roth Capital lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $140.00 to $134.00 in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.