Dupree Financial Group LLC Makes New $7.03 Million Investment in EOG Resources, Inc. $EOG

Key Points

• Dupree Financial Group LLC made a new investment of approximately $7.03 million in EOG Resources, acquiring 58,759 shares which now represent about 2.8% of their investment portfolio.
• EOG Resources reported an EPS of $2.32 for the last quarter, exceeding analysts' expectations of $2.14, though revenue fell by 9.1% year-over-year.
• Numerous large investors, including Fiduciary Family Office LLC and Whittier Trust Co. of Nevada Inc., have increased their stakes in EOG Resources during the second quarter.

Dupree Financial Group LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 58,759 shares of the energy exploration company's stock, valued at approximately $7,028,000. EOG Resources makes up about 2.8% of Dupree Financial Group LLC's investment portfolio, making the stock its 12th largest position.

A number of other large investors have also made changes to their positions in EOG. Fiduciary Family Office LLC acquired a new stake in shares of EOG Resources in the second quarter valued at about $295,000. Whittier Trust Co. of Nevada Inc. grew its position in EOG Resources by 0.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 14,309 shares of the energy exploration company's stock worth $1,711,000 after buying an additional 127 shares during the period. Divergent Planning LLC purchased a new position in EOG Resources in the second quarter valued at about $576,000. Syntegra Private Wealth Group LLC acquired a new stake in shares of EOG Resources during the 2nd quarter valued at approximately $402,000. Finally, Berkeley Capital Partners LLC lifted its position in shares of EOG Resources by 6.9% during the 2nd quarter. Berkeley Capital Partners LLC now owns 14,835 shares of the energy exploration company's stock valued at $1,774,000 after acquiring an additional 956 shares during the period. Hedge funds and other institutional investors own 89.91% of the company's stock.

EOG Resources Stock Up 0.2%

Shares of NYSE:EOG opened at $106.38 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 52-week low of $102.52 and a 52-week high of $138.18. The stock's fifty day simple moving average is $116.37 and its 200-day simple moving average is $115.89. The company has a market capitalization of $58.08 billion, a P/E ratio of 10.34, a P/E/G ratio of 8.15 and a beta of 0.74.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping 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 firm had revenue of $5.48 billion during the quarter, compared to analysts' expectations of $5.45 billion. During the same quarter last year, the business posted $3.16 EPS. The firm's quarterly revenue was down 9.1% compared to the same quarter last year. As a group, equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EOG has been the subject of several research analyst reports. Roth Capital dropped their price objective on EOG Resources from $126.00 to $114.00 and set a "neutral" rating for the company in a research note on Wednesday, October 15th. JPMorgan Chase & Co. lowered their target price on EOG Resources from $132.00 to $131.00 and set a "neutral" rating on the stock in a report on Wednesday, October 1st. Mizuho dropped their price target on EOG Resources from $140.00 to $133.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. Susquehanna boosted their price objective on shares of EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. Finally, Jefferies Financial Group set a $145.00 price objective on shares of EOG Resources in a research note on Sunday, October 12th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $141.04.

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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