Turtle Creek Wealth Advisors LLC Has $6.24 Million Stake in EOG Resources, Inc. $EOG

Key Points

• Turtle Creek Wealth Advisors LLC increased its stake in EOG Resources by 14.4%, now owning 52,194 shares valued at approximately $6.24 million.
• EOG Resources reported a quarterly EPS of $2.32, exceeding the consensus estimate of $2.14, with revenues of $5.48 billion, slightly surpassing expectations.
• Institutional investors hold a significant majority, owning 89.91% of EOG Resources' stock, reflecting strong institutional interest in the company.

Turtle Creek Wealth Advisors LLC raised its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 14.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,194 shares of the energy exploration company's stock after buying an additional 6,588 shares during the quarter. Turtle Creek Wealth Advisors LLC's holdings in EOG Resources were worth $6,243,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in EOG. GAMMA Investing LLC raised its position in shares of EOG Resources by 16.1% during the first quarter. GAMMA Investing LLC now owns 9,992 shares of the energy exploration company's stock worth $1,281,000 after purchasing an additional 1,383 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of EOG Resources by 37.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company's stock worth $20,852,000 after purchasing an additional 44,687 shares during the period. Janney Montgomery Scott LLC raised its position in shares of EOG Resources by 14.0% during the first quarter. Janney Montgomery Scott LLC now owns 104,517 shares of the energy exploration company's stock worth $13,403,000 after purchasing an additional 12,859 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of EOG Resources during the first quarter worth about $1,156,000. Finally, Sagespring Wealth Partners LLC raised its position in shares of EOG Resources by 48.7% during the first quarter. Sagespring Wealth Partners LLC now owns 7,601 shares of the energy exploration company's stock worth $975,000 after purchasing an additional 2,489 shares during the period. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Trading Down 0.4%

Shares of NYSE:EOG opened at $108.65 on Thursday. The company's 50-day moving average price is $116.95 and its two-hundred day moving average price is $116.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The stock has a market capitalization of $59.32 billion, a PE ratio of 10.56, 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 EPS for the quarter, topping the consensus estimate of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm had revenue of $5.48 billion for the quarter, compared to analysts' expectations of $5.45 billion. During the same period in the previous year, the firm posted $3.16 EPS. The company's revenue for the quarter was down 9.1% on a year-over-year basis. On average, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wells Fargo & Company reaffirmed an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. JPMorgan Chase & Co. dropped their price target 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. Evercore ISI raised their price target on EOG Resources from $141.00 to $149.00 and gave the stock an "outperform" rating in a research report on Monday, October 6th. Wolfe Research dropped their price target 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. Finally, Susquehanna raised their price target on EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat, EOG Resources presently has a consensus rating of "Hold" and an average price target of $143.35.

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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