Fulton Breakefield Broenniman LLC Makes New Investment in EOG Resources, Inc. $EOG

Key Points

• Fulton Breakefield Broenniman LLC made a new investment in EOG Resources, acquiring 104,751 shares valued at approximately $12.5 million during the second quarter.
• EOG Resources reported $2.32 earnings per share (EPS) for its latest quarter, surpassing analyst expectations and reflecting a year-over-year revenue decline of 9.1%.
• The current consensus rating for EOG Resources stock is "Hold," with a target price estimate averaging $143.43 among analysts.

Fulton Breakefield Broenniman LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 104,751 shares of the energy exploration company's stock, valued at approximately $12,529,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new position in EOG Resources in the first quarter worth $26,000. Saudi Central Bank acquired a new position in shares of EOG Resources during the first quarter valued at $28,000. Raleigh Capital Management Inc. acquired a new position in shares of EOG Resources during the second quarter valued at $29,000. Alpine Bank Wealth Management acquired a new position in shares of EOG Resources during the first quarter valued at $34,000. Finally, ORG Partners LLC lifted its stake in shares of EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company's stock valued at $34,000 after acquiring an additional 88 shares during the period. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Stock Up 0.0%

Shares of EOG Resources stock opened at $110.49 on Thursday. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The business has a 50-day moving average of $117.77 and a two-hundred day moving average of $116.97. The company has a market capitalization of $60.33 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 8.53 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. During the same period in the prior year, the company earned $3.16 earnings per share. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EOG shares. Stephens started coverage on EOG Resources in a research note on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price target on the stock. Susquehanna upped their price target on EOG Resources from $156.00 to $170.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Roth Capital lowered EOG Resources from a "buy" rating to a "neutral" rating and cut their price target for the company from $140.00 to $134.00 in a research note on Wednesday, July 9th. Barclays set a $136.00 price target on EOG Resources and gave the company an "equal weight" rating in a research note on Tuesday. Finally, Raymond James Financial upped their price target on EOG Resources from $158.00 to $161.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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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