Simplicity Wealth LLC Makes New $528,000 Investment in EOG Resources, Inc. $EOG

Simplicity Wealth LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,412 shares of the energy exploration company's stock, valued at approximately $528,000.

Several other institutional investors and hedge funds have also bought and sold shares of EOG. Hennion & Walsh Asset Management Inc. bought a new position in EOG Resources during the first quarter valued at $242,000. UMB Bank n.a. grew its holdings in EOG Resources by 4.6% during the first quarter. UMB Bank n.a. now owns 9,375 shares of the energy exploration company's stock valued at $1,202,000 after purchasing an additional 411 shares during the period. Miracle Mile Advisors LLC grew its holdings in EOG Resources by 19.0% during the first quarter. Miracle Mile Advisors LLC now owns 10,727 shares of the energy exploration company's stock valued at $1,376,000 after purchasing an additional 1,709 shares during the period. Daymark Wealth Partners LLC grew its holdings in EOG Resources by 1.2% during the first quarter. Daymark Wealth Partners LLC now owns 13,995 shares of the energy exploration company's stock valued at $1,795,000 after purchasing an additional 160 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in EOG Resources by 21.1% during the first quarter. Farther Finance Advisors LLC now owns 4,149 shares of the energy exploration company's stock valued at $536,000 after purchasing an additional 722 shares during the period. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Down 0.1%

Shares of EOG stock opened at $110.36 on Wednesday. The business's fifty day moving average is $117.98 and its 200 day moving average is $117.02. 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 company has a market capitalization of $60.25 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 8.48 and a beta of 0.74.

EOG Resources (NYSE:EOG - Get Free Report) last issued 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 firm had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same quarter in the previous year, the company posted $3.16 earnings per share. The company's revenue was down 9.1% compared to the same quarter last year. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Weiss Ratings restated a "hold (c)" rating on shares of EOG Resources in a research report on Saturday, September 27th. Melius Research assumed 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. Stephens assumed coverage on 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. Mizuho dropped their target price on EOG Resources from $140.00 to $133.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. Finally, Wolfe Research dropped their target price on EOG Resources from $139.00 to $138.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $143.43.

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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