Valeo Financial Advisors LLC Acquires 490 Shares of EOG Resources, Inc. $EOG

Valeo Financial Advisors LLC increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 11.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,887 shares of the energy exploration company’s stock after acquiring an additional 490 shares during the period. Valeo Financial Advisors LLC’s holdings in EOG Resources were worth $585,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. StrongBox Wealth LLC lifted its position in EOG Resources by 1.9% during the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock valued at $576,000 after purchasing an additional 88 shares during the last quarter. ORG Partners LLC raised its stake in shares of EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after acquiring an additional 88 shares during the period. Ameriflex Group Inc. raised its stake in shares of EOG Resources by 31.6% in the second quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock valued at $46,000 after acquiring an additional 91 shares during the period. Granite Harbor Advisors Inc. raised its stake in shares of EOG Resources by 3.2% in the first quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company’s stock valued at $389,000 after acquiring an additional 94 shares during the period. Finally, FSM Wealth Advisors LLC raised its stake in shares of EOG Resources by 6.2% in the first quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company’s stock valued at $208,000 after acquiring an additional 95 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

EOG opened at $110.49 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The firm has a fifty day moving average price of $117.77 and a 200 day moving average price of $116.97. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The stock has a market cap of $60.33 billion, a P/E ratio of 10.74, a P/E/G ratio of 8.53 and a beta of 0.74.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $5.45 billion. During the same period in the previous year, the business posted $3.16 EPS. The business’s revenue was down 9.1% compared to the same quarter last year. Equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EOG shares. Royal Bank Of Canada increased their target price on shares of EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday. Wolfe Research reduced their target price on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Barclays set a $136.00 target price on shares of EOG Resources and gave the company an “equal weight” rating in a research note on Tuesday. Piper Sandler reduced their target price on shares of EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a research note on Thursday, July 17th. Finally, Evercore ISI raised their price target on shares of EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research note on Monday. One research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.