Altus Wealth Group LLC boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 33.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,215 shares of the energy exploration company's stock after buying an additional 2,559 shares during the quarter. Altus Wealth Group LLC's holdings in EOG Resources were worth $1,222,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EOG. Nuveen LLC acquired a new position in EOG Resources during the 1st quarter worth about $451,908,000. Charles Schwab Investment Management Inc. lifted its holdings in EOG Resources by 6.5% during 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. Jacobs Levy Equity Management Inc. acquired a new position in EOG Resources during the 1st quarter worth about $81,752,000. LSV Asset Management lifted its holdings in EOG Resources by 290.5% during the 1st quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company's stock worth $88,158,000 after buying an additional 511,418 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new position in EOG Resources during the 1st quarter worth about $52,273,000. 89.91% of the stock is owned by institutional investors and hedge funds.
EOG Resources Stock Performance
Shares of EOG Resources stock opened at $106.13 on Monday. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The firm has a market capitalization of $57.95 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 8.15 and a beta of 0.74. The business has a 50-day simple moving average of $116.58 and a 200 day simple moving average of $115.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61.
EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same period in the previous year, the company posted $3.16 EPS. The firm's revenue was down 9.1% compared to the same quarter last year. On average, research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on EOG shares. Roth Capital lowered their price objective on EOG Resources from $126.00 to $114.00 and set a "neutral" rating for the company in a research report on Wednesday, October 15th. Mizuho lowered their price objective on EOG Resources from $140.00 to $133.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. Piper Sandler lowered their price objective on EOG Resources from $138.00 to $136.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Evercore ISI lifted their price objective on EOG Resources from $141.00 to $149.00 and gave the stock an "outperform" rating in a research report on Monday, October 6th. Finally, Wolfe Research lowered their price objective on EOG Resources from $139.00 to $138.00 and set an "outperform" rating for the company in a research report on Wednesday, October 1st. One 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $141.04.
Read Our Latest Research Report on EOG Resources
EOG Resources Profile
(
Free Report)
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.
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