Park Place Capital Corp Has $840,000 Stock Holdings in EOG Resources, Inc. $EOG

Key Points

• Park Place Capital Corp significantly increased its stake in EOG Resources, owning 6,929 shares valued at $840,000 after a 3,728.2% increase in the second quarter.
• EOG Resources stock recently opened at $113.25 and has experienced a 3.5% decline in value, with a market cap of $61.83 billion.
• The company reported $2.32 earnings per share (EPS), exceeding expectations, despite a 9.1% decline in quarterly revenue year-over-year.

Park Place Capital Corp grew its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 3,728.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,929 shares of the energy exploration company's stock after buying an additional 6,748 shares during the period. Park Place Capital Corp's holdings in EOG Resources were worth $840,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new position in shares of EOG Resources in the first quarter worth $26,000. Saudi Central Bank acquired a new stake in EOG Resources in the first quarter valued at about $28,000. Raleigh Capital Management Inc. acquired a new stake in EOG Resources in the second quarter valued at about $29,000. Alpine Bank Wealth Management acquired a new stake in EOG Resources in the first quarter valued at about $34,000. Finally, ORG Partners LLC boosted 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 purchasing an additional 88 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

EOG Resources Stock Down 3.5%

Shares of NYSE:EOG opened at $113.25 on Tuesday. The stock has a market cap of $61.83 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 9.01 and a beta of 0.85. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The business's 50 day moving average is $119.06 and its 200 day moving average is $117.52.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on EOG. Raymond James Financial lifted 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. Wells Fargo & Company reaffirmed an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. Piper Sandler cut their price objective on EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Melius Research initiated coverage on EOG Resources in a report on Wednesday, August 20th. They issued a "buy" rating and a $173.00 target price for the company. Finally, Scotiabank reiterated a "sector perform" rating and issued a $130.00 target price on shares of EOG Resources in a report on Friday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $143.41.

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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