EOG Resources, Inc. $EOG Shares Purchased by Stratos Wealth Partners LTD.

Key Points

• Stratos Wealth Partners LTD. increased its stake in EOG Resources by 10.8%, owning 30,571 shares valued at approximately $3.66 million by the end of the reporting period.
• In the second quarter, multiple hedge funds adjusted their holdings in EOG Resources, with ORG Partners LLC raising its position by 45.1%.
• Equities analysts have mixed views on EOG Resources, with a consensus rating of "Hold" and an average target price of $141.04.

Stratos Wealth Partners LTD. boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 10.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,571 shares of the energy exploration company's stock after acquiring an additional 2,974 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in EOG Resources were worth $3,657,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. StrongBox Wealth LLC boosted its holdings in EOG Resources by 1.9% during the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company's stock worth $576,000 after buying an additional 88 shares in the last quarter. ORG Partners LLC raised its position 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 worth $34,000 after acquiring an additional 88 shares during the period. Ameriflex Group Inc. boosted its stake in shares of EOG Resources by 31.6% during the 2nd quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company's stock worth $46,000 after acquiring an additional 91 shares in the last quarter. Granite Harbor Advisors Inc. grew its position in shares of 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 valued at $389,000 after acquiring an additional 94 shares during the period. Finally, FSM Wealth Advisors LLC increased its stake in shares of EOG Resources by 6.2% in the 1st quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock valued at $208,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. KeyCorp lowered their price target on EOG Resources from $140.00 to $138.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 3rd. Piper Sandler decreased their target price on EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Siebert Williams Shank dropped their price target on shares of EOG Resources from $155.00 to $145.00 and set a "buy" rating on the stock in a research note on Monday, October 13th. Susquehanna upped 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, Morgan Stanley decreased their price objective on shares of EOG Resources from $141.00 to $136.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $141.04.

EOG Resources Stock Performance

NYSE:EOG opened at $106.13 on Friday. The company's 50-day moving average price is $116.58 and its 200-day moving average price is $115.94. 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 cap of $57.95 billion, a P/E ratio of 10.31, a P/E/G ratio of 8.22 and a beta of 0.74. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18.

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 (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $5.45 billion. During the same quarter in the prior year, the company earned $3.16 EPS. EOG Resources's revenue was down 9.1% compared to the same quarter last year. On average, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal 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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