Belpointe Asset Management LLC Lowers Position in EOG Resources, Inc. $EOG

Belpointe Asset Management LLC trimmed its stake in EOG Resources, Inc. (NYSE:EOG) by 32.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,204 shares of the energy exploration company’s stock after selling 5,295 shares during the quarter. Belpointe Asset Management LLC’s holdings in EOG Resources were worth $1,340,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of EOG. Banque Cantonale Vaudoise purchased a new stake in EOG Resources in the first quarter valued at approximately $26,000. Saudi Central Bank purchased a new stake in EOG Resources in the first quarter valued at approximately $28,000. Raleigh Capital Management Inc. purchased a new stake in EOG Resources in the second quarter valued at approximately $29,000. Alpine Bank Wealth Management purchased a new stake in EOG Resources in the first quarter valued at approximately $34,000. Finally, ORG Partners LLC grew its holdings in EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after purchasing an additional 88 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Trading Down 0.1%

NYSE EOG opened at $110.36 on Wednesday. The company’s fifty day simple moving average is $117.98 and its 200-day simple moving average is $117.02. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The stock has a market cap of $60.25 billion, a P/E ratio of 10.72, a PEG ratio of 8.48 and a beta of 0.74.

EOG Resources (NYSE:EOG) last posted its earnings results 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 analysts’ expectations of $5.45 billion. During the same period in the previous year, the company posted $3.16 earnings per share. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. Equities research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EOG. Wolfe Research decreased their price objective on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Raymond James Financial boosted 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 note on Tuesday, July 22nd. JPMorgan Chase & Co. decreased their price objective on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Barclays set a $136.00 price objective on shares of EOG Resources and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, UBS Group boosted their price objective on shares of EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $143.43.

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.