EOG Resources, Inc. $EOG Shares Purchased by D.A. Davidson & CO.

Key Points

• D.A. Davidson & CO. has increased its holdings in EOG Resources by 8.3%, owning 237,188 shares valued at approximately $28.37 million.
• Wall Street analysts are mixed on EOG Resources, with target prices ranging from $114 to $170 and an average rating of "Hold".
• EOG Resources reported $2.32 earnings per share for the last quarter, exceeding analyst expectations of $2.14, despite a 9.1% decrease in revenue year-over-year.

D.A. Davidson & CO. increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 8.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 237,188 shares of the energy exploration company's stock after purchasing an additional 18,205 shares during the quarter. D.A. Davidson & CO.'s holdings in EOG Resources were worth $28,370,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

EOG has been the subject of several research analyst reports. Morgan Stanley reduced their target price on EOG Resources from $141.00 to $136.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 14th. Susquehanna increased their target price on EOG Resources from $156.00 to $170.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Roth Capital dropped their price target on EOG Resources from $126.00 to $114.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 15th. UBS Group upped 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. Finally, Wells Fargo & Company dropped their price target on EOG Resources from $149.00 to $127.00 and set an "overweight" rating on the stock in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $140.76.

EOG Resources Price Performance

Shares of NYSE EOG opened at $106.07 on Wednesday. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The business's fifty day moving average price is $116.13 and its two-hundred day moving average price is $115.82. The firm has a market capitalization of $57.91 billion, a PE ratio of 10.31, a P/E/G ratio of 8.16 and a beta of 0.74.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $5.45 billion. During the same period last year, the company earned $3.16 earnings per share. The firm's revenue for the quarter was down 9.1% on a year-over-year basis. On average, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current 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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