Vontobel Holding Ltd. Increases Stake in EOG Resources, Inc. $EOG

Key Points

• Vontobel Holding Ltd. increased its stake in EOG Resources by 10.4%, owning a total of 73,590 shares valued at approximately $8.8 million as of the latest SEC filing.
• Multiple institutional investors, including the Maryland State Retirement & Pension System and Sax Wealth Advisors LLC, have also adjusted their stakes, indicating growing interest in EOG Resources.
• Wall Street analysts have a generally positive outlook on EOG, with several firms setting target prices above $140, reflecting a consensus rating of "Hold" with an average target price of $143.43.

Vontobel Holding Ltd. raised its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 10.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,590 shares of the energy exploration company's stock after buying an additional 6,915 shares during the quarter. Vontobel Holding Ltd.'s holdings in EOG Resources were worth $8,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Maryland State Retirement & Pension System grew its holdings in EOG Resources by 2.3% during the 2nd quarter. Maryland State Retirement & Pension System now owns 26,842 shares of the energy exploration company's stock valued at $3,211,000 after buying an additional 609 shares in the last quarter. Clear Creek Financial Management LLC grew its holdings in EOG Resources by 2.5% during the 2nd quarter. Clear Creek Financial Management LLC now owns 6,997 shares of the energy exploration company's stock valued at $837,000 after buying an additional 171 shares in the last quarter. Hendley & Co. Inc. grew its holdings in EOG Resources by 1.3% during the 2nd quarter. Hendley & Co. Inc. now owns 54,694 shares of the energy exploration company's stock valued at $6,542,000 after buying an additional 698 shares in the last quarter. Secured Retirement Advisors LLC purchased a new stake in EOG Resources during the 2nd quarter valued at approximately $215,000. Finally, Sax Wealth Advisors LLC grew its holdings in EOG Resources by 23.3% during the 2nd quarter. Sax Wealth Advisors LLC now owns 4,479 shares of the energy exploration company's stock valued at $536,000 after buying an additional 846 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EOG. Jefferies Financial Group reissued a "buy" rating and issued a $148.00 target price (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. UBS Group raised their target price on shares of EOG Resources from $142.00 to $144.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Raymond James Financial raised their target price on shares of EOG Resources from $158.00 to $161.00 and gave the company a "strong-buy" rating in a report on Tuesday, July 22nd. Barclays set a $136.00 target price on shares of EOG Resources and gave the company an "equal weight" rating in a report on Tuesday. Finally, Melius began coverage on shares of EOG Resources in a report on Wednesday, August 20th. They issued a "buy" rating and a $173.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $143.43.

EOG Resources Stock Up 1.2%

Shares of EOG opened at $111.84 on Friday. The company has a market cap of $61.06 billion, a PE ratio of 10.87, a P/E/G ratio of 8.54 and a beta of 0.74. The business has a fifty day moving average of $117.60 and a 200 day moving average of $116.86. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. 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 (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 analysts' consensus estimates 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 return on equity of 20.51% and a net margin of 25.25%.EOG Resources's revenue was down 9.1% on a year-over-year basis. During the same period last year, the company earned $3.16 earnings per share. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current 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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