Boston Trust Walden Corp Acquires 78,480 Shares of EOG Resources, Inc. $EOG

Key Points

• Boston Trust Walden Corp increased its holdings in EOG Resources by 256.1% in the second quarter, now owning 109,123 shares worth about $13 million.
• Multiple analysts have adjusted their price targets for EOG Resources, with Raymond James raising their target from $158 to $161, while Morgan Stanley lowered theirs from $141 to $136.
• In the latest quarterly earnings, EOG reported an EPS of $2.32, beating estimates and showing a revenue of $5.48 billion, although down 9.1% year-over-year.

Boston Trust Walden Corp grew its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 256.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,123 shares of the energy exploration company's stock after purchasing an additional 78,480 shares during the quarter. Boston Trust Walden Corp's holdings in EOG Resources were worth $13,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Morningstar Investment Management LLC bought a new position in shares of EOG Resources in the second quarter worth approximately $704,000. Kiker Wealth Management LLC bought a new position in shares of EOG Resources in the second quarter worth approximately $627,000. Harbour Trust & Investment Management Co boosted its position in shares of EOG Resources by 1.9% in the second quarter. Harbour Trust & Investment Management Co now owns 37,910 shares of the energy exploration company's stock worth $4,534,000 after purchasing an additional 712 shares during the period. Naviter Wealth LLC boosted its position in shares of EOG Resources by 4.8% in the second quarter. Naviter Wealth LLC now owns 3,506 shares of the energy exploration company's stock worth $419,000 after purchasing an additional 160 shares during the period. Finally, Axxcess Wealth Management LLC boosted its position in shares of EOG Resources by 4.4% in the second quarter. Axxcess Wealth Management LLC now owns 20,082 shares of the energy exploration company's stock worth $2,402,000 after purchasing an additional 840 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EOG shares. Raymond James Financial upped their price target on shares of EOG Resources from $158.00 to $161.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 22nd. Morgan Stanley dropped their target price on shares of EOG Resources from $141.00 to $136.00 and set an "equal weight" rating for the company in a research report on Tuesday. Royal Bank Of Canada upped their target price on shares of EOG Resources from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 7th. Jefferies Financial Group set a $145.00 target price on shares of EOG Resources in a research report on Sunday. Finally, Wells Fargo & Company restated an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, EOG Resources currently has an average rating of "Hold" and an average target price of $143.35.

EOG Resources Price Performance

EOG Resources stock opened at $109.19 on Wednesday. The company has a market cap of $59.62 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 8.48 and a beta of 0.74. The firm's fifty day moving average is $117.11 and its 200 day moving average is $116.40. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.18. The company had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. EOG Resources's revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.16 earnings per share. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

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.

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