G&S Capital LLC Raises Stake in EOG Resources, Inc. $EOG

Key Points

• G&S Capital LLC increased its stake in EOG Resources by 97.9% during the second quarter, owning a total of 5,431 shares worth approximately $650,000.
• Several other institutional investors also raised their positions in EOG Resources, with 89.91% of the stock currently held by hedge funds and institutional investors.
• EOG Resources reported $2.32 earnings per share for the last quarter, surpassing the consensus estimate by $0.18, although revenue declined 9.1% year-over-year.

G&S Capital LLC increased its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 97.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 5,431 shares of the energy exploration company's stock after buying an additional 2,686 shares during the quarter. G&S Capital LLC's holdings in EOG Resources were worth $650,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. StrongBox Wealth LLC boosted its holdings in shares of EOG Resources by 1.9% in the 2nd 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 during the last quarter. ORG Partners LLC boosted its holdings in shares of EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company's stock worth $34,000 after buying an additional 88 shares during the last quarter. Granite Harbor Advisors Inc. boosted its holdings in shares of EOG Resources by 3.2% in the 1st quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company's stock worth $389,000 after buying an additional 94 shares during the last quarter. FSM Wealth Advisors LLC boosted its holdings 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 worth $208,000 after buying an additional 95 shares during the last quarter. Finally, Sigma Planning Corp grew its stake in shares of EOG Resources by 1.6% during the 1st quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company's stock worth $803,000 after acquiring an additional 97 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Morgan Stanley set a $135.00 price objective on EOG Resources and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Susquehanna boosted their price target on shares of EOG Resources from $156.00 to $170.00 and gave the company a "positive" rating in a research report on Wednesday, July 23rd. UBS Group raised their price objective on shares of EOG Resources from $142.00 to $144.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. KeyCorp reduced their price objective on shares of EOG Resources from $140.00 to $138.00 and set an "overweight" rating for the company in a research note on Wednesday, September 3rd. Finally, Argus downgraded EOG Resources from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $143.41.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $113.25 on Tuesday. The stock's 50-day moving average is $119.06 and its 200 day moving average is $117.52. The stock has a market cap of $61.83 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 9.01 and a beta of 0.85. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12.

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

EOG Resources 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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