EOG Resources, Inc. $EOG Shares Purchased by Delta Capital Management LLC

Key Points

• Delta Capital Management LLC significantly increased its position in EOG Resources by 556.2% during the second quarter, holding now 11,090 shares valued at approximately $1.33 million.
• Institutional investors now own 89.91% of EOG Resources, with various firms modifying their holdings, including StrongBox Wealth and ORG Partners, increasing their stakes during the same period.
• EOG Resources reported a $2.32 EPS for its recent quarter, beating estimates, but experienced a 9.1% decline in revenue compared to the previous year.

Delta Capital Management LLC raised its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 556.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,090 shares of the energy exploration company's stock after purchasing an additional 9,400 shares during the quarter. Delta Capital Management LLC's holdings in EOG Resources were worth $1,326,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. StrongBox Wealth LLC boosted its holdings in EOG Resources by 1.9% during the 2nd quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company's stock valued at $576,000 after acquiring an additional 88 shares during the period. ORG Partners LLC boosted its stake in shares of EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company's stock valued at $34,000 after purchasing an additional 88 shares during the period. Granite Harbor Advisors Inc. increased its stake in EOG Resources by 3.2% during the 1st quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company's stock worth $389,000 after buying an additional 94 shares during the period. FSM Wealth Advisors LLC lifted its holdings in EOG Resources by 6.2% during the 1st quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock worth $208,000 after buying an additional 95 shares in the last quarter. Finally, Sigma Planning Corp lifted its holdings in EOG Resources by 1.6% during the 1st quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company's stock worth $803,000 after buying an additional 97 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on EOG. KeyCorp dropped their price target on shares of EOG Resources from $140.00 to $138.00 and set an "overweight" rating for the company in a research note on Wednesday, September 3rd. Stephens assumed coverage on EOG Resources in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 price target on the stock. Morgan Stanley set a $135.00 price target on EOG Resources and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Piper Sandler cut their target price on shares of EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Finally, UBS Group upped their target price on shares of EOG Resources from $142.00 to $144.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $143.48.

EOG Resources Stock Performance

NYSE EOG opened at $117.19 on Monday. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The business's 50-day moving average price is $119.13 and its 200 day moving average price is $117.60. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $63.98 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 9.01 and a beta of 0.85.

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, 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 company 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 company posted $3.16 EPS. The company's quarterly revenue was down 9.1% compared to the same quarter last year. On average, research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share 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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