Centerpoint Advisory Group Reduces Holdings in EOG Resources, Inc. $EOG

Centerpoint Advisory Group trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 15.9% in the 2nd quarter, Holdings Channel reports. The firm owned 2,650 shares of the energy exploration company’s stock after selling 500 shares during the period. Centerpoint Advisory Group’s holdings in EOG Resources were worth $317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp boosted its stake in EOG Resources by 21.5% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 36,649 shares of the energy exploration company’s stock worth $4,384,000 after purchasing an additional 6,487 shares during the last quarter. Asahi Life Asset Management CO. LTD. purchased a new position in shares of EOG Resources in the second quarter worth about $455,000. First Horizon Advisors Inc. lifted its stake in shares of EOG Resources by 4.9% in the second quarter. First Horizon Advisors Inc. now owns 2,748 shares of the energy exploration company’s stock worth $329,000 after buying an additional 128 shares in the last quarter. TKG Advisors LLC raised its holdings in EOG Resources by 110.3% in the 2nd quarter. TKG Advisors LLC now owns 4,427 shares of the energy exploration company’s stock valued at $530,000 after acquiring an additional 2,322 shares during the last quarter. Finally, Simmons Bank raised its holdings in EOG Resources by 7.4% in the 2nd quarter. Simmons Bank now owns 11,126 shares of the energy exploration company’s stock valued at $1,331,000 after acquiring an additional 771 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

NYSE:EOG opened at $105.15 on Thursday. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week 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 has a market capitalization of $57.41 billion, a P/E ratio of 10.22, a P/E/G ratio of 8.20 and a beta of 0.72. The stock’s fifty day moving average is $113.13 and its two-hundred day moving average is $115.67.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on EOG. Weiss Ratings restated a “hold (c)” rating on shares of EOG Resources in a research report on Wednesday, October 8th. Barclays set a $136.00 price objective on EOG Resources and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Wolfe Research lowered their price objective on EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. KeyCorp reduced their price target on EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, September 3rd. Finally, Royal Bank Of Canada lifted their price target on EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company 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.