EOG Resources, Inc. $EOG Shares Purchased by Foster & Motley Inc.

Key Points

• Foster & Motley Inc. increased its holdings in EOG Resources by 14.1% in Q2, owning a total of 46,956 shares valued at approximately $5.6 million.
• EOG Resources announced a quarterly earnings report with an EPS of $2.32, exceeding analysts' expectations by $0.18, despite a 9.1% year-over-year revenue decline.
• Current analyst ratings for EOG include one Strong Buy, ten Buy, and fourteen Hold ratings, with a consensus target price of $142.43.

Foster & Motley Inc. lifted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 14.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,956 shares of the energy exploration company's stock after purchasing an additional 5,786 shares during the period. Foster & Motley Inc.'s holdings in EOG Resources were worth $5,616,000 at the end of the most recent reporting period.

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

EOG Resources Stock Down 1.0%

Shares of EOG Resources stock opened at $106.13 on Friday. The company has a market cap of $57.95 billion, a P/E ratio of 10.31, a PEG ratio of 8.30 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The firm has a fifty day moving average of $116.58 and a two-hundred day moving average of $116.04.

EOG Resources (NYSE:EOG - Get Free Report) last announced 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. The company had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. EOG Resources's quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.16 EPS. On average, analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EOG shares. Barclays set a $136.00 price target on shares of EOG Resources and gave the stock an "equal weight" rating in a report on Tuesday, October 7th. UBS Group upped their target price 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. Evercore ISI upped their target price on shares of EOG Resources from $141.00 to $149.00 and gave the company an "outperform" rating in a report on Monday, October 6th. Jefferies Financial Group set a $145.00 target price on shares of EOG Resources in a report on Sunday, October 12th. Finally, Argus downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $142.43.

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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