NorthRock Partners LLC Boosts Stock Position in EOG Resources, Inc. $EOG

NorthRock Partners LLC grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 4.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,871 shares of the energy exploration company’s stock after buying an additional 306 shares during the period. NorthRock Partners LLC’s holdings in EOG Resources were worth $823,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Verdence Capital Advisors LLC lifted its position in shares of EOG Resources by 35.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 15,632 shares of the energy exploration company’s stock valued at $1,870,000 after buying an additional 4,055 shares in the last quarter. Astoria Portfolio Advisors LLC. lifted its holdings in EOG Resources by 11.4% in the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 2,524 shares of the energy exploration company’s stock worth $301,000 after purchasing an additional 259 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in EOG Resources by 35.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,331 shares of the energy exploration company’s stock worth $1,714,000 after purchasing an additional 3,736 shares in the last quarter. MOKAN Wealth Management Inc. lifted its holdings in EOG Resources by 20.4% in the 2nd quarter. MOKAN Wealth Management Inc. now owns 17,997 shares of the energy exploration company’s stock worth $2,153,000 after purchasing an additional 3,055 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in EOG Resources by 2.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,715,429 shares of the energy exploration company’s stock worth $329,083,000 after purchasing an additional 65,941 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Melius assumed coverage on EOG Resources in a report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price target on the stock. Stephens assumed coverage on EOG Resources in a report on Tuesday, June 17th. They issued an “equal weight” rating and a $137.00 price target on the stock. Piper Sandler lowered their price target on EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. Mizuho lowered their price target on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Finally, Argus cut EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $143.35.

EOG Resources Price Performance

EOG opened at $109.19 on Wednesday. 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. The business’s fifty day simple moving average is $117.11 and its 200-day simple moving average is $116.40. The company 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.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (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 business had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter in the prior year, the company earned $3.16 EPS. The business’s revenue was down 9.1% compared to the same quarter last year. On average, equities research 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.