Cwm LLC Acquires 3,888 Shares of EOG Resources, Inc. $EOG

Key Points

• Cwm LLC increased its holdings in EOG Resources, Inc. by 19.4% in the second quarter, acquiring an additional 3,888 shares, bringing its total to 23,959 shares valued at approximately $2.87 million.
• Several institutional investors have also increased their stakes in EOG, with 89.91% of the stock currently owned by institutional entities.
• Wall Street analysts have mixed views on EOG, with recent price targets ranging from $131.00 to $173.00, while the stock holds an average rating of "Hold" and a consensus target price of $142.43.

Cwm LLC grew its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 19.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,959 shares of the energy exploration company's stock after acquiring an additional 3,888 shares during the quarter. Cwm LLC's holdings in EOG Resources were worth $2,866,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EOG. GAMMA Investing LLC grew its holdings in shares of EOG Resources by 16.1% during the first quarter. GAMMA Investing LLC now owns 9,992 shares of the energy exploration company's stock worth $1,281,000 after buying an additional 1,383 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of EOG Resources by 37.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company's stock worth $20,852,000 after buying an additional 44,687 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of EOG Resources by 14.0% during the first quarter. Janney Montgomery Scott LLC now owns 104,517 shares of the energy exploration company's stock worth $13,403,000 after buying an additional 12,859 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in shares of EOG Resources during the first quarter worth about $268,000. Finally, Boston Trust Walden Corp bought a new position in shares of EOG Resources during the first quarter worth about $3,930,000. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EOG. Piper Sandler decreased 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. Melius Research began coverage on EOG Resources in a report on Wednesday, August 20th. They set a "buy" rating and a $173.00 price objective for the company. UBS Group increased their price target on EOG Resources from $142.00 to $144.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. reduced their price target on EOG Resources from $132.00 to $131.00 and set a "neutral" rating for the company in a research report on Wednesday, October 1st. Finally, Morgan Stanley reduced their price target on EOG Resources from $141.00 to $136.00 and set an "equal weight" rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $142.43.

EOG Resources Stock Performance

EOG opened at $106.13 on Friday. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The stock has a market cap of $57.95 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 8.30 and a beta of 0.74. The business has a 50 day moving average of $116.58 and a 200-day moving average of $116.04. 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 (NYSE:EOG - Get Free Report) last released its quarterly earnings data 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. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company had revenue of $5.48 billion during the quarter, compared to analysts' expectations of $5.45 billion. During the same period last year, the firm posted $3.16 earnings per share. The business's revenue was down 9.1% on a year-over-year basis. On average, equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current 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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