EOG Resources, Inc. $EOG Shares Sold by First Merchants Corp

First Merchants Corp trimmed its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,558 shares of the energy exploration company's stock after selling 2,531 shares during the quarter. First Merchants Corp's holdings in EOG Resources were worth $7,243,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. StrongBox Wealth LLC boosted its position 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 worth $576,000 after acquiring an additional 88 shares during the period. ORG Partners LLC raised its stake in shares of EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company's stock worth $34,000 after purchasing an additional 88 shares in the last quarter. Ameriflex Group Inc. raised 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 purchasing an additional 91 shares in the last quarter. Granite Harbor Advisors Inc. raised its stake 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 worth $389,000 after purchasing an additional 94 shares in the last quarter. Finally, FSM Wealth Advisors LLC raised its stake in shares of 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 purchasing an additional 95 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Up 0.0%

Shares of EOG opened at $110.49 on Thursday. 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 12-month low of $102.52 and a 12-month high of $138.18. The firm has a market capitalization of $60.33 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 8.53 and a beta of 0.74. The stock's fifty day simple moving average is $117.77 and its 200-day simple moving average is $116.97.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group raised their price target on EOG Resources from $142.00 to $144.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Barclays set a $136.00 price target on EOG Resources and gave the stock an "equal weight" rating in a research note on Tuesday. Melius Research assumed coverage on EOG Resources in a research note on Wednesday, August 20th. They set a "buy" rating and a $173.00 price target for the company. Wolfe Research reduced their target price on EOG Resources from $139.00 to $138.00 and set an "outperform" rating for the company in a report on Wednesday, October 1st. Finally, Susquehanna boosted their target price on EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have given a Hold rating to the company's stock. According to MarketBeat.com, EOG Resources currently has an average rating of "Hold" and a consensus price target of $143.43.

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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