Fiduciary Family Office LLC Buys New Shares in EOG Resources, Inc. $EOG

Key Points

• Fiduciary Family Office LLC purchased a new stake in EOG Resources, acquiring 2,464 shares valued at approximately $295,000.
• Major institutional investors hold 89.91% of EOG Resources' stock, indicating strong institutional interest in the company.
• Several analysts have recently adjusted their price targets for EOG, with Morgan Stanley reducing theirs from $141.00 to $136.00 while Royal Bank of Canada increased theirs from $140.00 to $145.00.

Fiduciary Family Office LLC bought a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,464 shares of the energy exploration company's stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. increased its position in shares of EOG Resources by 0.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 14,309 shares of the energy exploration company's stock valued at $1,711,000 after acquiring an additional 127 shares during the last quarter. Divergent Planning LLC acquired a new position in EOG Resources during the second quarter worth approximately $576,000. Syntegra Private Wealth Group LLC acquired a new position in EOG Resources during the second quarter worth approximately $402,000. Berkeley Capital Partners LLC increased its position in EOG Resources by 6.9% during the second quarter. Berkeley Capital Partners LLC now owns 14,835 shares of the energy exploration company's stock worth $1,774,000 after buying an additional 956 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC increased its position in EOG Resources by 69.4% during the second quarter. Avidian Wealth Enterprises LLC now owns 5,745 shares of the energy exploration company's stock worth $687,000 after buying an additional 2,354 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Morgan Stanley lowered their price target on EOG Resources from $141.00 to $136.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 14th. Piper Sandler set a $129.00 price objective on EOG Resources and gave the stock a "neutral" rating in a report on Tuesday. Mizuho reduced their price objective on EOG Resources from $140.00 to $133.00 and set a "neutral" rating for the company in a report on Monday, September 15th. The Goldman Sachs Group reduced their price objective on EOG Resources from $130.00 to $125.00 and set a "neutral" rating for the company in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada boosted their price objective on EOG Resources from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat, EOG Resources presently has a consensus rating of "Hold" and a consensus price target of $140.76.

EOG Resources Trading Down 0.3%

Shares of EOG stock opened at $106.07 on Wednesday. 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 stock has a market cap of $57.91 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 8.16 and a beta of 0.74. The stock has a 50 day simple moving average of $116.13 and a 200 day simple moving average of $115.82. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results 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 return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.48 billion during the quarter, compared to analysts' expectations of $5.45 billion. During the same period in the previous year, the company posted $3.16 earnings per share. The firm's revenue for the quarter 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 fiscal year.

About EOG Resources

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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