Sax Wealth Advisors LLC Purchases 846 Shares of EOG Resources, Inc. $EOG

Sax Wealth Advisors LLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 23.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 4,479 shares of the energy exploration company’s stock after acquiring an additional 846 shares during the quarter. Sax Wealth Advisors LLC’s holdings in EOG Resources were worth $536,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Shell Asset Management Co. boosted its position in shares of EOG Resources by 15.8% during the 2nd quarter. Shell Asset Management Co. now owns 33,611 shares of the energy exploration company’s stock valued at $4,020,000 after acquiring an additional 4,586 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of EOG Resources during the 2nd quarter valued at approximately $203,000. KLP Kapitalforvaltning AS raised its holdings in EOG Resources by 23.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 326,903 shares of the energy exploration company’s stock valued at $39,101,000 after buying an additional 61,900 shares during the period. Confluence Wealth Services Inc. raised its holdings in EOG Resources by 2.0% during the 2nd quarter. Confluence Wealth Services Inc. now owns 10,658 shares of the energy exploration company’s stock valued at $1,275,000 after buying an additional 213 shares during the period. Finally, Fenimore Asset Management Inc raised its holdings in EOG Resources by 1.2% during the 2nd quarter. Fenimore Asset Management Inc now owns 374,538 shares of the energy exploration company’s stock valued at $44,799,000 after buying an additional 4,475 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

EOG stock opened at $110.49 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is $117.77 and its two-hundred day simple moving average is $116.97. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The firm has a market cap of $60.33 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 8.53 and a beta of 0.74.

EOG Resources (NYSE:EOG) last posted 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. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter in the prior year, the company earned $3.16 EPS. The business’s revenue was down 9.1% compared to the same quarter last year. Analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Wall Street Analyst Weigh In

EOG has been the topic of several recent research reports. Barclays set a $136.00 price target on EOG Resources and gave the company an “equal weight” rating in a report on Tuesday. Argus lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Raymond James Financial increased their price target on EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 22nd. Roth Capital lowered EOG Resources from a “buy” rating to a “neutral” rating and decreased their price target for the company from $140.00 to $134.00 in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada increased their price target on EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday. One equities 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 stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target 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.