Equitable Trust Co. Buys 377 Shares of EOG Resources, Inc. $EOG

Equitable Trust Co. raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,369 shares of the energy exploration company’s stock after acquiring an additional 377 shares during the quarter. Equitable Trust Co.’s holdings in EOG Resources were worth $881,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EOG. StrongBox Wealth LLC raised its holdings in shares of EOG Resources by 1.9% in the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock valued at $576,000 after buying an additional 88 shares during the last quarter. ORG Partners LLC raised its holdings 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 buying an additional 88 shares during the last quarter. Ameriflex Group Inc. raised its holdings in shares of EOG Resources by 31.6% in the second quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock valued at $46,000 after buying an additional 91 shares during the last quarter. Granite Harbor Advisors Inc. raised its holdings in shares of EOG Resources by 3.2% in the first quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company’s stock valued at $389,000 after buying an additional 94 shares during the last quarter. Finally, FSM Wealth Advisors LLC raised its holdings in shares of EOG Resources by 6.2% in the first quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company’s stock valued at $208,000 after buying an additional 95 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Susquehanna lifted their price target on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, July 23rd. Evercore ISI lifted their price target on EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Wells Fargo & Company reissued an “overweight” rating on shares of EOG Resources in a report on Sunday, June 22nd. Argus cut EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Finally, Royal Bank Of Canada boosted their target price on EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average price target of $143.35.

EOG Resources Trading Down 0.5%

NYSE EOG opened at $109.19 on Wednesday. The stock has a market capitalization of $59.62 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 8.48 and a beta of 0.74. The stock’s 50 day moving average price is $117.11 and its two-hundred day moving average price is $116.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18.

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

EOG Resources 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.