Verdence Capital Advisors LLC Has $1.87 Million Stock Position in EOG Resources, Inc. $EOG

Key Points

• Verdence Capital Advisors LLC increased its holdings in EOG Resources by 35% during the second quarter, now owning 15,632 shares valued at $1.87 million based on recent SEC filings.
• Several institutional investors have also raised their stakes in EOG, with 89.91% of the stock currently owned by such entities.
• Analysts have mixed ratings on EOG Resources, with a consensus target price of $143.30 and a majority rating it either as a "Hold" or "Buy."

Verdence Capital Advisors LLC raised its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 35.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 15,632 shares of the energy exploration company's stock after acquiring an additional 4,055 shares during the quarter. Verdence Capital Advisors LLC's holdings in EOG Resources were worth $1,870,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. Farther Finance Advisors LLC increased its position in EOG Resources by 21.1% in the 1st quarter. Farther Finance Advisors LLC now owns 4,149 shares of the energy exploration company's stock valued at $536,000 after acquiring an additional 722 shares during the period. GAMMA Investing LLC increased its position in EOG Resources by 16.1% in the 1st quarter. GAMMA Investing LLC now owns 9,992 shares of the energy exploration company's stock valued at $1,281,000 after acquiring an additional 1,383 shares during the period. CVA Family Office LLC increased its position in EOG Resources by 15.6% in the 1st quarter. CVA Family Office LLC now owns 987 shares of the energy exploration company's stock valued at $127,000 after acquiring an additional 133 shares during the period. Wealth Enhancement Advisory Services LLC increased 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 buying an additional 44,687 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of EOG Resources during the first quarter worth $2,165,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EOG. Mizuho decreased their price objective on shares of EOG Resources from $140.00 to $133.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. Barclays set a $136.00 price objective on shares of EOG Resources and gave the stock an "equal weight" rating in a research report on Tuesday, October 7th. Stephens started coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price objective for the company. Jefferies Financial Group set a $145.00 target price on shares of EOG Resources in a research note on Sunday. Finally, Raymond James Financial increased their target price on shares of EOG Resources from $158.00 to $161.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, EOG Resources has an average rating of "Hold" and a consensus target price of $143.30.

EOG Resources Stock Up 1.4%

EOG Resources stock opened at $109.63 on Tuesday. The firm's fifty day moving average price is $117.28 and its two-hundred day moving average price is $116.45. The firm has a market capitalization of $59.86 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 8.36 and a beta of 0.74. 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, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.14 by $0.18. The company had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.16 earnings per share. On average, equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

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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