Boyd Watterson Asset Management LLC OH Sells 450 Shares of EOG Resources, Inc. $EOG

Boyd Watterson Asset Management LLC OH cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,963 shares of the energy exploration company’s stock after selling 450 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in EOG Resources were worth $594,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Howard Capital Management Inc. boosted its stake in EOG Resources by 20.4% in the second quarter. Howard Capital Management Inc. now owns 7,036 shares of the energy exploration company’s stock valued at $842,000 after acquiring an additional 1,194 shares during the last quarter. Purkiss Capital Advisors LLC acquired a new stake in EOG Resources in the second quarter worth $207,000. Tevis Investment Management raised its holdings in EOG Resources by 5.4% in the second quarter. Tevis Investment Management now owns 16,761 shares of the energy exploration company’s stock worth $2,005,000 after purchasing an additional 860 shares during the period. Conscious Wealth Investments LLC raised its holdings in EOG Resources by 0.5% in the second quarter. Conscious Wealth Investments LLC now owns 25,602 shares of the energy exploration company’s stock worth $3,152,000 after purchasing an additional 140 shares during the period. Finally, Advisory Alpha LLC raised its holdings in EOG Resources by 17.1% in the second quarter. Advisory Alpha LLC now owns 4,015 shares of the energy exploration company’s stock worth $480,000 after purchasing an additional 586 shares during the period. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Up 0.4%

Shares of NYSE:EOG opened at $106.78 on Tuesday. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $115.16 and its 200 day simple moving average is $115.80. The firm has a market cap of $58.30 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 8.22 and a beta of 0.74.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same period last year, the business posted $3.16 earnings per share. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. As a group, research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EOG. Piper Sandler set a $129.00 target price on shares of EOG Resources and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Melius began coverage on shares of EOG Resources in a report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Roth Capital cut their target price on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Finally, Raymond James Financial increased their target price on shares of EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 22nd. One equities research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.