Divergent Planning LLC Takes Position in EOG Resources, Inc. $EOG

Divergent Planning LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,817 shares of the energy exploration company’s stock, valued at approximately $576,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. ARGA Investment Management LP raised its stake in shares of EOG Resources by 24.2% during the 1st quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company’s stock valued at $1,724,000 after buying an additional 2,616 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in EOG Resources by 30.1% during the first quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock worth $25,107,000 after acquiring an additional 45,295 shares during the period. Pinnacle Financial Partners Inc grew its holdings in EOG Resources by 4.7% during the first quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company’s stock worth $23,032,000 after acquiring an additional 8,127 shares during the period. Concurrent Investment Advisors LLC raised its position in EOG Resources by 49.3% during the first quarter. Concurrent Investment Advisors LLC now owns 11,497 shares of the energy exploration company’s stock valued at $1,474,000 after acquiring an additional 3,794 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in EOG Resources in the first quarter valued at approximately $2,796,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Up 0.2%

Shares of NYSE EOG opened at $106.38 on Tuesday. The company’s 50-day simple moving average is $116.37 and its 200-day simple moving average is $115.89. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The firm has a market cap of $58.08 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 8.15 and a beta of 0.74. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter in the prior year, the firm earned $3.16 EPS. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. Equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Mizuho lowered their price target on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Roth Capital cut their price objective on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Raymond James Financial upped their price objective on shares of EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 22nd. Finally, Melius Research initiated coverage on EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and a consensus target price of $141.04.

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.