EOG Resources, Inc. $EOG Shares Acquired by Inspire Investing LLC

Inspire Investing LLC grew its stake in EOG Resources, Inc. (NYSE:EOG) by 678.0% during the second quarter, HoldingsChannel.com reports. The firm owned 27,729 shares of the energy exploration company’s stock after purchasing an additional 24,165 shares during the period. Inspire Investing LLC’s holdings in EOG Resources were worth $3,317,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of EOG. Banque Cantonale Vaudoise bought a new stake in shares of EOG Resources during the 1st quarter valued at about $26,000. Saudi Central Bank bought a new stake in shares of EOG Resources during the 1st quarter valued at about $28,000. Raleigh Capital Management Inc. bought a new stake in shares of EOG Resources during the 2nd quarter valued at about $29,000. Alpine Bank Wealth Management bought a new stake in shares of EOG Resources during the 1st quarter valued at about $34,000. Finally, ORG Partners LLC grew its position in shares of EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on EOG shares. Evercore ISI upped their target price on shares of EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Argus cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Raymond James Financial upped 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 report on Tuesday, July 22nd. Melius started coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their target price on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. One 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.com, the company presently has a consensus rating of “Hold” and an average price target of $143.43.

EOG Resources Stock Down 3.4%

EOG stock opened at $108.14 on Friday. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The firm has a market cap of $59.04 billion, a PE ratio of 10.51, a P/E/G ratio of 8.65 and a beta of 0.74. The firm has a 50 day simple moving average of $117.43 and a 200 day simple moving average of $116.73. 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 (NYSE:EOG) last released 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. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same period in the prior year, the business earned $3.16 earnings per share. The business’s quarterly revenue was down 9.1% on a year-over-year basis. Equities research analysts forecast 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.