Boston Trust Walden Corp Increases Stake in EOG Resources, Inc. $EOG

Boston Trust Walden Corp grew its position in EOG Resources, Inc. (NYSE:EOG) by 256.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 109,123 shares of the energy exploration company’s stock after purchasing an additional 78,480 shares during the period. Boston Trust Walden Corp’s holdings in EOG Resources were worth $13,052,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of EOG Resources by 0.7% in the first quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock valued at $6,922,633,000 after acquiring an additional 348,895 shares during the period. Charles Schwab Investment Management Inc. increased its stake in EOG Resources by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock worth $2,485,402,000 after buying an additional 1,188,552 shares during the period. Northern Trust Corp increased its stake in EOG Resources by 6.3% in the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock worth $779,433,000 after buying an additional 358,916 shares during the period. Alliancebernstein L.P. increased its stake in EOG Resources by 3.9% in the 1st quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock worth $757,808,000 after buying an additional 223,294 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in EOG Resources by 1.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company’s stock worth $709,201,000 after buying an additional 60,454 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 0.5%

NYSE EOG opened at $109.19 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The company has a market capitalization of $59.62 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 8.48 and a beta of 0.74. The company’s 50-day simple moving average is $117.11 and its two-hundred day simple moving average is $116.40. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18.

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. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter in the previous year, the firm earned $3.16 EPS. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. Equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on EOG shares. UBS Group raised their price target 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. Barclays set a $136.00 price target on shares of EOG Resources and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Wolfe Research reduced their price target on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Roth Capital downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $140.00 to $134.00 in a research note on Wednesday, July 9th. Finally, Piper Sandler reduced their price target on shares of EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $143.35.

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.