5,886 Shares in EOG Resources, Inc. $EOG Purchased by Morningstar Investment Management LLC

Morningstar Investment Management LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,886 shares of the energy exploration company’s stock, valued at approximately $704,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Kiker Wealth Management LLC purchased a new position in EOG Resources during the second quarter worth about $627,000. Harbour Trust & Investment Management Co lifted its stake in EOG Resources by 1.9% during the second quarter. Harbour Trust & Investment Management Co now owns 37,910 shares of the energy exploration company’s stock worth $4,534,000 after purchasing an additional 712 shares during the last quarter. Naviter Wealth LLC lifted its stake in EOG Resources by 4.8% during the second quarter. Naviter Wealth LLC now owns 3,506 shares of the energy exploration company’s stock worth $419,000 after purchasing an additional 160 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in EOG Resources by 4.4% during the second quarter. Axxcess Wealth Management LLC now owns 20,082 shares of the energy exploration company’s stock worth $2,402,000 after purchasing an additional 840 shares during the last quarter. Finally, Community Bank N.A. lifted its stake in EOG Resources by 16.4% during the second quarter. Community Bank N.A. now owns 16,075 shares of the energy exploration company’s stock worth $1,923,000 after purchasing an additional 2,270 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EOG shares. Piper Sandler dropped their price target on EOG Resources from $138.00 to $136.00 and set a “neutral” rating for the company in a research note on Thursday, July 17th. Melius Research started coverage on EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target for the company. Jefferies Financial Group set a $145.00 price target on EOG Resources in a research note on Sunday. Evercore ISI lifted their price target on EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Finally, Susquehanna lifted their price target on EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $143.30.

EOG Resources Trading Up 1.4%

EOG opened at $109.63 on Tuesday. The business has a 50 day simple moving average of $117.28 and a two-hundred day simple moving average of $116.45. The firm has a market capitalization of $59.86 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 8.36 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 one year low of $102.52 and a one year high of $138.18.

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

EOG Resources Company 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.