Blair William & Co. IL Purchases 4,535 Shares of EOG Resources, Inc. $EOG

Key Points

• Blair William & Co. IL increased its stake in EOG Resources by 4.6%, acquiring an additional 4,535 shares, bringing its total holdings to 104,074 shares valued at approximately $12.45 million.
• Multiple analysts have recently changed their ratings on EOG Resources, with Argus downgrading it to a "hold" while others, like Jefferies Financial Group, reaffirmed a "buy" rating and increased its price target.
• EOG Resources reported $2.32 earnings per share for the last quarter, surpassing analysts' expectations, though its quarterly revenue declined by 9.1% compared to the previous year.

Blair William & Co. IL grew its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 4.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,074 shares of the energy exploration company's stock after buying an additional 4,535 shares during the period. Blair William & Co. IL's holdings in EOG Resources were worth $12,448,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new position in EOG Resources during the 1st quarter worth $26,000. Saudi Central Bank acquired a new position in EOG Resources in the 1st quarter valued at $28,000. Raleigh Capital Management Inc. acquired a new position in EOG Resources in the 2nd quarter valued at $29,000. Alpine Bank Wealth Management acquired a new position in EOG Resources in the 1st quarter valued at $34,000. Finally, ORG Partners LLC raised its holdings in EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company's stock valued at $34,000 after acquiring an additional 88 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on EOG. Argus cut EOG Resources from a "buy" rating to a "hold" rating in a report on Monday, August 25th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $148.00 price objective (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Piper Sandler dropped their price objective on EOG Resources from $138.00 to $136.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Wolfe Research dropped their price objective on EOG Resources from $139.00 to $138.00 and set an "outperform" rating for the company in a report on Wednesday, October 1st. Finally, UBS Group lifted their price target on EOG Resources from $142.00 to $144.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $143.43.

EOG Resources Trading Down 3.4%

Shares of EOG opened at $108.14 on Friday. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The business's fifty day moving average is $117.43 and its 200-day moving average is $116.73. 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 firm has a market cap of $59.04 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 8.65 and a beta of 0.74.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.14 by $0.18. The business had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.EOG Resources's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.16 EPS. Equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

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.

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