Berger Financial Group Inc Increases Stock Holdings in EOG Resources, Inc. $EOG

Berger Financial Group Inc increased its stake in EOG Resources, Inc. (NYSE:EOG) by 3.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 44,466 shares of the energy exploration company’s stock after acquiring an additional 1,329 shares during the quarter. Berger Financial Group Inc’s holdings in EOG Resources were worth $5,319,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Clarius Group LLC lifted its holdings in EOG Resources by 7.9% during the second quarter. Clarius Group LLC now owns 6,138 shares of the energy exploration company’s stock valued at $734,000 after purchasing an additional 450 shares in the last quarter. Ameriflex Group Inc. lifted its stake in EOG Resources by 31.6% in the 2nd quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock valued at $46,000 after buying an additional 91 shares in the last quarter. QRG Capital Management Inc. lifted its stake in EOG Resources by 6.5% in the 2nd quarter. QRG Capital Management Inc. now owns 196,887 shares of the energy exploration company’s stock valued at $23,550,000 after buying an additional 11,935 shares in the last quarter. ZWJ Investment Counsel Inc. boosted its holdings in EOG Resources by 11.8% in the 2nd quarter. ZWJ Investment Counsel Inc. now owns 54,619 shares of the energy exploration company’s stock worth $6,533,000 after buying an additional 5,783 shares during the last quarter. Finally, Segment Wealth Management LLC increased its stake in EOG Resources by 2.2% during the 2nd quarter. Segment Wealth Management LLC now owns 122,744 shares of the energy exploration company’s stock worth $14,681,000 after buying an additional 2,599 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EOG. JPMorgan Chase & Co. decreased their target price on EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research report on Wednesday. Melius began coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price on the stock. Scotiabank reiterated a “sector perform” rating and issued a $130.00 target price on shares of EOG Resources in a research report on Friday, September 26th. UBS Group raised their price target on shares of EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Finally, Roth Capital cut shares of EOG Resources from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $140.00 to $134.00 in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average target price of $143.14.

EOG Resources Stock Performance

EOG Resources stock opened at $110.66 on Friday. The firm has a 50 day simple moving average of $118.46 and a 200-day simple moving average of $117.21. The stock has a market cap of $60.42 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 8.51 and a beta of 0.74. 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 1-year low of $102.52 and a 1-year high of $138.18.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. The firm 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%.The firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.16 earnings per share. On average, analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

About EOG Resources

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.