Bayforest Capital Ltd Trims Stake in EOG Resources, Inc. $EOG

Bayforest Capital Ltd reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 39.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,299 shares of the energy exploration company’s stock after selling 1,505 shares during the quarter. Bayforest Capital Ltd’s holdings in EOG Resources were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EOG. StrongBox Wealth LLC raised its holdings in EOG Resources by 1.9% in the 2nd quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock worth $576,000 after purchasing an additional 88 shares during the period. ORG Partners LLC raised its holdings in shares of EOG Resources by 45.1% during 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 during the last quarter. Ameriflex Group Inc. raised its holdings in shares of EOG Resources by 31.6% during the second quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock valued at $46,000 after acquiring an additional 91 shares during the last quarter. Granite Harbor Advisors Inc. raised its holdings in shares of EOG Resources by 3.2% during the first quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company’s stock valued at $389,000 after acquiring an additional 94 shares during the last quarter. Finally, FSM Wealth Advisors LLC raised its holdings in shares of EOG Resources by 6.2% during the first quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company’s stock valued at $208,000 after acquiring an additional 95 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Barclays set a $136.00 target price on EOG Resources and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Roth Capital cut EOG Resources from a “buy” rating to a “neutral” rating and reduced their target price for the company from $140.00 to $134.00 in a report on Wednesday, July 9th. Argus cut EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Melius Research started coverage on EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price for the company. Finally, Mizuho dropped their price target on EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $143.35.

EOG Resources Price Performance

EOG stock opened at $108.65 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The business has a 50 day simple moving average of $116.95 and a 200-day simple moving average of $116.35. The firm has a market capitalization of $59.32 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 8.48 and a beta of 0.74. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18.

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, 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%.The business’s revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.16 earnings per share. Equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

About EOG Resources

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.