Tevis Investment Management Buys 860 Shares of EOG Resources, Inc. $EOG

Tevis Investment Management grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,761 shares of the energy exploration company’s stock after purchasing an additional 860 shares during the quarter. EOG Resources makes up 1.3% of Tevis Investment Management’s investment portfolio, making the stock its 23rd largest holding. Tevis Investment Management’s holdings in EOG Resources were worth $2,005,000 as of its most recent SEC filing.

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

EOG Resources Stock Up 0.4%

EOG stock opened at $106.78 on Tuesday. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve 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 stock has a market cap of $58.30 billion, a P/E ratio of 10.38, a PEG ratio of 8.22 and a beta of 0.74. The business’s 50-day moving average price is $115.16 and its 200-day moving average price is $115.80.

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

Analyst Ratings Changes

EOG has been the subject of several research reports. Evercore ISI upped their target price on EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Melius began 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. Barclays set a $136.00 price objective on EOG Resources and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Jefferies Financial Group set a $145.00 price objective on EOG Resources in a report on Sunday, October 12th. Finally, Melius Research initiated coverage on EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $140.76.

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.