Orca Wealth Management LLC Buys Shares of 11,050 EOG Resources, Inc. $EOG

Key Points

• Orca Wealth Management LLC acquired 11,050 shares of EOG Resources, Inc., worth approximately $1,322,000, in its recent SEC filing.
• EOG Resources reported $2.32 earnings per share (EPS) for the last quarter, exceeding analysts' expectations and indicating a 25.25% net margin, though revenue declined by 9.1% year-over-year.
• The stock currently holds a consensus rating of "Hold", with price targets ranging from $140 to $170 set by various analysts.

Orca Wealth Management LLC bought a new stake 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 bought 11,050 shares of the energy exploration company's stock, valued at approximately $1,322,000.

A number of other large investors also recently added to or reduced their stakes in the business. Simplicity Wealth LLC acquired a new position in EOG Resources during the 2nd quarter valued at about $528,000. Eliot Finkel Investment Counsel LLC acquired a new position in EOG Resources during the 2nd quarter valued at about $2,732,000. Berger Financial Group Inc lifted its position in EOG Resources by 3.1% during the 2nd quarter. Berger Financial Group Inc now owns 44,466 shares of the energy exploration company's stock valued at $5,319,000 after purchasing an additional 1,329 shares during the period. Clarius Group LLC lifted its position in EOG Resources by 7.9% during the 2nd quarter. Clarius Group LLC now owns 6,138 shares of the energy exploration company's stock valued at $734,000 after purchasing an additional 450 shares during the period. Finally, Ameriflex Group Inc. lifted its position in EOG Resources by 31.6% during the 2nd quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company's stock valued at $46,000 after purchasing an additional 91 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

NYSE EOG opened at $110.66 on Friday. The business has a 50 day simple moving average of $118.46 and a 200 day simple moving average of $117.21. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The stock has a market cap of $60.42 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 8.51 and a beta of 0.74.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $5.45 billion. During the same period in the prior year, the business earned $3.16 EPS. EOG Resources's revenue for the quarter was down 9.1% compared to the same quarter last year. Analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Stephens assumed coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 target price 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. 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. Royal Bank Of Canada lowered their price target on EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a research note on Tuesday, July 8th. Finally, UBS Group upped their price target on EOG Resources from $142.00 to $144.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $143.14.

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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