Divergent Planning LLC Invests $576,000 in EOG Resources, Inc. $EOG

Key Points

• Divergent Planning LLC has invested $576,000 in EOG Resources, acquiring 4,817 shares in the second quarter.
• Multiple hedge funds, including Banque Cantonale Vaudoise and Saudi Central Bank, have recently increased their stakes in EOG Resources, with institutional investors now owning approximately 89.91% of the company.
• Wall Street analysts have varying price targets for EOG Resources, ranging from $127.00 to $149.00, with an average rating of "Hold" and a consensus price target of $141.04.

Divergent Planning LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,817 shares of the energy exploration company's stock, valued at approximately $576,000.

Several other hedge funds also recently bought and sold shares of the business. Banque Cantonale Vaudoise purchased a new stake in shares of EOG Resources during the first quarter valued at $26,000. Saudi Central Bank bought a new stake in EOG Resources during the 1st quarter valued at about $28,000. Raleigh Capital Management Inc. purchased a new stake in EOG Resources in the 2nd quarter valued at about $29,000. Alpine Bank Wealth Management bought a new position in EOG Resources in the 1st quarter worth about $34,000. Finally, WPG Advisers LLC bought a new position in EOG Resources in the 1st quarter worth about $36,000. Institutional investors own 89.91% of the company's stock.

Wall Street Analyst Weigh In

EOG has been the subject of a number of research reports. Royal Bank Of Canada boosted their price target on EOG Resources from $140.00 to $145.00 and gave the company an "outperform" rating in a report on Tuesday, October 7th. Wells Fargo & Company lowered their target price on EOG Resources from $149.00 to $127.00 and set an "overweight" rating for the company in a report on Friday. Scotiabank restated a "sector perform" rating and set a $130.00 price target on shares of EOG Resources in a research note on Friday, September 26th. Evercore ISI upped their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the stock an "outperform" rating in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $132.00 to $131.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the company's stock. According to MarketBeat, EOG Resources currently has an average rating of "Hold" and a consensus price target of $141.04.

EOG Resources Trading Up 0.2%

Shares of EOG Resources stock opened at $106.38 on Tuesday. The firm's 50 day simple moving average is $116.37 and its two-hundred day simple moving average is $115.89. The firm has a market capitalization of $58.08 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 8.15 and a beta of 0.74. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12.

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. The firm had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.16 earnings per share. Analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Company 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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