Heartland Bank & Trust Co Makes New $525,000 Investment in EOG Resources, Inc. $EOG

Key Points

• Heartland Bank & Trust Co made a new investment of $525,000 in EOG Resources, Inc., purchasing approximately 4,392 shares of the company's stock during the second quarter.
• Multiple institutional investors, including Canada Pension Plan Investment Board and Wealth Enhancement Advisory Services LLC, substantially increased their holdings in EOG Resources, indicating strong institutional interest.
• Wall Street analysts have varying outlooks on EOG, with a consensus target price of $143.30 and ratings that include one Strong Buy, ten Buy, and fourteen Hold.

Heartland Bank & Trust Co purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,392 shares of the energy exploration company's stock, valued at approximately $525,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ARGA Investment Management LP boosted its holdings in shares of EOG Resources by 24.2% during the 1st quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company's stock worth $1,724,000 after buying an additional 2,616 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of EOG Resources by 30.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company's stock worth $25,107,000 after buying an additional 45,295 shares in the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of EOG Resources by 15.3% during the 1st quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company's stock worth $2,609,000 after buying an additional 2,697 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of EOG Resources by 37.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company's stock worth $20,852,000 after buying an additional 44,687 shares in the last quarter. Finally, Pinnacle Financial Partners Inc boosted its holdings in shares of EOG Resources by 4.7% during the 1st quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company's stock worth $23,032,000 after buying an additional 8,127 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of research reports. Melius Research initiated coverage on EOG Resources in a research report on Wednesday, August 20th. They set a "buy" rating and a $173.00 target price on the stock. Jefferies Financial Group set a $145.00 target price on EOG Resources in a research report on Sunday. UBS Group upped their target price on EOG Resources from $142.00 to $144.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. lowered their target price on EOG Resources from $132.00 to $131.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 1st. Finally, KeyCorp lowered their price target on EOG Resources from $140.00 to $138.00 and set an "overweight" rating for the company in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $143.30.

EOG Resources Trading Up 1.4%

NYSE EOG opened at $109.63 on Tuesday. The firm has a market capitalization of $59.86 billion, a P/E ratio of 10.65, a PEG ratio of 8.36 and a beta of 0.74. The business has a fifty day simple moving average of $117.28 and a 200 day simple moving average of $116.45. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month 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 released its quarterly earnings results 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. 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 analyst estimates of $5.45 billion. During the same period in the prior year, the firm posted $3.16 EPS. EOG Resources's quarterly revenue was down 9.1% compared to the same quarter last year. On average, analysts predict that EOG Resources, Inc. will post 11.47 EPS 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.

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.