Dakota Wealth Management Decreases Stock Holdings in EOG Resources, Inc. $EOG

Key Points

• Dakota Wealth Management decreased its holdings in EOG Resources by 72.1% in the second quarter, ending with 2,319 shares worth approximately $277,000.
• Several institutional investors have increased their stakes in EOG Resources, with Retirement Guys Formula LLC growing its position by 10.4%.
• Analysts have set a consensus target price of $143.41 for EOG Resources, with most rating the stock as a "Hold."

Dakota Wealth Management reduced its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 72.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,319 shares of the energy exploration company's stock after selling 5,981 shares during the quarter. Dakota Wealth Management's holdings in EOG Resources were worth $277,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Retirement Guys Formula LLC grew its stake in EOG Resources by 10.4% during the second quarter. Retirement Guys Formula LLC now owns 14,157 shares of the energy exploration company's stock worth $1,693,000 after buying an additional 1,336 shares during the period. Affinity Wealth Management LLC lifted its position in shares of EOG Resources by 1.8% during the second quarter. Affinity Wealth Management LLC now owns 28,279 shares of the energy exploration company's stock worth $3,382,000 after purchasing an additional 500 shares in the last quarter. Cassia Capital Partners LLC lifted its position in shares of EOG Resources by 7.8% during the second quarter. Cassia Capital Partners LLC now owns 8,048 shares of the energy exploration company's stock worth $963,000 after purchasing an additional 581 shares in the last quarter. Foster Victor Wealth Advisors LLC lifted its position in shares of EOG Resources by 5.2% during the second quarter. Foster Victor Wealth Advisors LLC now owns 59,134 shares of the energy exploration company's stock worth $7,208,000 after purchasing an additional 2,935 shares in the last quarter. Finally, Waycross Partners LLC lifted its position in shares of EOG Resources by 3.8% during the second quarter. Waycross Partners LLC now owns 129,244 shares of the energy exploration company's stock worth $15,459,000 after purchasing an additional 4,729 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $113.25 on Tuesday. 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 fifty-two week low of $102.52 and a fifty-two week high of $138.18. The firm has a 50-day simple moving average of $119.06 and a 200 day simple moving average of $117.52. The company has a market cap of $61.83 billion, a PE ratio of 11.01, a P/E/G ratio of 9.01 and a beta of 0.85.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, beating 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 business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter in the prior year, the firm earned $3.16 EPS. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on EOG shares. Melius Research started coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They set a "buy" rating and a $173.00 target price on the stock. Barclays boosted their target price on shares of EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Morgan Stanley set a $135.00 price target on shares of EOG Resources and gave the company an "equal weight" rating in a report on Monday, June 2nd. UBS Group upped their price target on shares of EOG Resources from $142.00 to $144.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Finally, Melius assumed coverage on shares of EOG Resources in a report on Wednesday, August 20th. They issued a "buy" rating and a $173.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, EOG Resources presently has a consensus rating of "Hold" and a consensus target price of $143.41.

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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