Principle Wealth Partners LLC Purchases 219 Shares of EOG Resources, Inc. $EOG

Principle Wealth Partners LLC boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 9.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,524 shares of the energy exploration company’s stock after acquiring an additional 219 shares during the period. Principle Wealth Partners LLC’s holdings in EOG Resources were worth $302,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new position in EOG Resources during the first quarter valued at about $26,000. Saudi Central Bank bought a new position in EOG Resources during the first quarter valued at about $28,000. Raleigh Capital Management Inc. bought a new position in EOG Resources during the second quarter valued at about $29,000. Alpine Bank Wealth Management bought a new position in EOG Resources during the first quarter valued at about $34,000. Finally, ORG Partners LLC increased its stake in 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 period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Up 1.7%

Shares of EOG opened at $108.04 on Friday. The company has a market capitalization of $58.99 billion, a P/E ratio of 10.50, a PEG ratio of 8.21 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The business’s 50 day simple moving average is $115.63 and its 200-day simple moving average is $115.75.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $3.16 EPS. EOG Resources’s revenue was down 9.1% compared to the same quarter last year. As a group, sell-side analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EOG has been the topic of a number of recent research reports. Melius initiated coverage on EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective on the stock. The Goldman Sachs Group decreased their price objective on EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Argus downgraded EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Piper Sandler set a $129.00 price objective on EOG Resources and gave the company a “neutral” rating in a report on Tuesday. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $130.00 price objective on shares of EOG Resources in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $140.76.

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.