EOG Resources, Inc. $EOG Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.9% during the 2nd quarter, Holdings Channel reports. The firm owned 27,613 shares of the energy exploration company’s stock after buying an additional 520 shares during the quarter. Apollon Wealth Management LLC’s holdings in EOG Resources were worth $3,303,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EOG. Banque Cantonale Vaudoise purchased a new position in shares of EOG Resources in the first quarter valued at approximately $26,000. Saudi Central Bank purchased a new position in shares of EOG Resources in the first quarter valued at approximately $28,000. Raleigh Capital Management Inc. purchased a new position in shares of EOG Resources in the second quarter valued at approximately $29,000. Alpine Bank Wealth Management purchased a new position in shares of EOG Resources in the first quarter valued at approximately $34,000. Finally, ORG Partners LLC lifted its position in shares of EOG Resources by 45.1% in the second 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 in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $108.14 on Monday. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The company has a market cap of $59.04 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 8.36 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The business’s 50 day moving average price is $117.43 and its 200 day moving average price is $116.57.

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

Wall Street Analyst Weigh In

EOG has been the topic of several research reports. JPMorgan Chase & Co. decreased their target price on EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Susquehanna raised their target price on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Barclays set a $136.00 target price on EOG Resources and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Piper Sandler decreased their target price on EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a research report on Thursday, July 17th. Finally, Mizuho reduced their price objective on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $143.30.

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.