EOG Resources, Inc. $EOG Stock Holdings Lifted by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC lifted its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 26,309 shares of the energy exploration company’s stock after buying an additional 382 shares during the quarter. Princeton Global Asset Management LLC’s holdings in EOG Resources were worth $3,147,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of EOG. GAMMA Investing LLC increased its holdings in shares of EOG Resources by 16.1% in the 1st quarter. GAMMA Investing LLC now owns 9,992 shares of the energy exploration company’s stock worth $1,281,000 after acquiring an additional 1,383 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of EOG Resources by 37.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company’s stock worth $20,852,000 after acquiring an additional 44,687 shares during the period. Manning & Napier Advisors LLC increased its holdings in shares of EOG Resources by 34.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 71,383 shares of the energy exploration company’s stock worth $9,154,000 after acquiring an additional 18,251 shares during the period. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in shares of EOG Resources by 68.6% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 16,294 shares of the energy exploration company’s stock worth $2,090,000 after acquiring an additional 6,627 shares during the period. Finally, Cassia Capital Partners LLC increased its holdings in shares of EOG Resources by 57.2% in the 1st quarter. Cassia Capital Partners LLC now owns 7,467 shares of the energy exploration company’s stock worth $958,000 after acquiring an additional 2,717 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Argus cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Jefferies Financial Group set a $145.00 price objective on shares of EOG Resources in a report on Sunday, October 12th. The Goldman Sachs Group lowered their target price on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. KeyCorp lowered their target price on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 3rd. Finally, Mizuho lowered their target price on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $141.04.

EOG Resources Stock Down 1.0%

EOG Resources stock opened at $106.13 on Monday. The company’s 50-day moving average price is $116.58 and its two-hundred day moving average price is $115.92. The stock has a market cap of $57.95 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 8.15 and a beta of 0.74. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.18. The company had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.16 EPS. On average, analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal 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.