Secured Retirement Advisors LLC Buys New Position in EOG Resources, Inc. $EOG

Secured Retirement Advisors LLC bought a new stake in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,801 shares of the energy exploration company’s stock, valued at approximately $215,000.

Several other institutional investors have also added to or reduced their stakes in EOG. Nuveen LLC bought a new stake in EOG Resources in the first quarter valued at approximately $451,908,000. Charles Schwab Investment Management Inc. boosted its holdings in EOG Resources by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock valued at $2,485,402,000 after acquiring an additional 1,188,552 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in EOG Resources in the first quarter valued at approximately $81,752,000. LSV Asset Management boosted its holdings in shares of EOG Resources by 290.5% during the 1st quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock worth $88,158,000 after buying an additional 511,418 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of EOG Resources during the 1st quarter worth approximately $52,273,000. 89.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Roth Capital cut EOG Resources from a “buy” rating to a “neutral” rating and cut their price target for the stock from $140.00 to $134.00 in a report on Wednesday, July 9th. Raymond James Financial increased their price target on EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 22nd. Wells Fargo & Company reiterated an “overweight” rating on shares of EOG Resources in a report on Sunday, June 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a $148.00 target price (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Finally, Melius assumed coverage on EOG Resources in a report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, EOG Resources has a consensus rating of “Hold” and a consensus price target of $143.43.

EOG Resources Trading Down 0.1%

NYSE EOG opened at $110.36 on Wednesday. The firm has a market capitalization of $60.25 billion, a P/E ratio of 10.72, a PEG ratio of 8.48 and a beta of 0.74. The business has a fifty day simple moving average of $117.98 and a 200 day simple moving average of $117.02. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. 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 (NYSE:EOG) last released its quarterly 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 business had revenue of $5.48 billion during the quarter, compared to analyst estimates 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 prior year, the firm posted $3.16 EPS. On average, analysts predict 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.