Lindenwold Advisors INC Raises Position in EOG Resources, Inc. $EOG

Lindenwold Advisors INC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,788 shares of the energy exploration company’s stock after buying an additional 169 shares during the period. Lindenwold Advisors INC’s holdings in EOG Resources were worth $1,290,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in EOG Resources by 21.1% in the first quarter. Farther Finance Advisors LLC now owns 4,149 shares of the energy exploration company’s stock valued at $536,000 after acquiring an additional 722 shares during the last quarter. Pallas Capital Advisors LLC increased its stake in EOG Resources by 29.6% in the first quarter. Pallas Capital Advisors LLC now owns 3,216 shares of the energy exploration company’s stock valued at $412,000 after acquiring an additional 735 shares during the last quarter. GAMMA Investing LLC increased its stake in EOG Resources by 16.1% in the first quarter. GAMMA Investing LLC now owns 9,992 shares of the energy exploration company’s stock valued at $1,281,000 after acquiring an additional 1,383 shares during the last quarter. Focus Financial Network Inc. increased its stake in EOG Resources by 16.6% in the first quarter. Focus Financial Network Inc. now owns 2,195 shares of the energy exploration company’s stock valued at $281,000 after acquiring an additional 313 shares during the last quarter. Finally, Simon Quick Advisors LLC increased its stake in EOG Resources by 14.8% in the first quarter. Simon Quick Advisors LLC now owns 5,253 shares of the energy exploration company’s stock valued at $674,000 after acquiring an additional 677 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 3.4%

Shares of NYSE:EOG opened at $108.14 on Friday. The stock’s 50-day moving average price is $117.43 and its 200-day moving average price is $116.73. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The stock has a market capitalization of $59.04 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 8.65 and a beta of 0.74. 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 posted its earnings results 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 company had revenue of $5.48 billion for 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 quarterly revenue was down 9.1% on a year-over-year basis. During the same period last year, the firm earned $3.16 earnings per share. On average, equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. KeyCorp reduced their target price on EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 3rd. Susquehanna increased their target price on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Raymond James Financial increased their target price on EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 22nd. Wells Fargo & Company reissued an “overweight” rating on shares of EOG Resources in a research note on Sunday, June 22nd. Finally, Argus cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $143.43.

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.