Berkeley Capital Partners LLC Acquires 956 Shares of EOG Resources, Inc. $EOG

Berkeley Capital Partners LLC grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,835 shares of the energy exploration company’s stock after purchasing an additional 956 shares during the period. Berkeley Capital Partners LLC’s holdings in EOG Resources were worth $1,774,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of EOG. GAMMA Investing LLC raised its position in shares of EOG Resources by 16.1% in the first quarter. GAMMA Investing LLC now owns 9,992 shares of the energy exploration company’s stock valued at $1,281,000 after purchasing an additional 1,383 shares during the period. Manning & Napier Advisors LLC raised its position in shares of EOG Resources by 34.4% in the first quarter. Manning & Napier Advisors LLC now owns 71,383 shares of the energy exploration company’s stock valued at $9,154,000 after purchasing an additional 18,251 shares during the period. Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of EOG Resources by 68.6% in the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 16,294 shares of the energy exploration company’s stock valued at $2,090,000 after purchasing an additional 6,627 shares during the period. JFS Wealth Advisors LLC grew its stake in EOG Resources by 31.8% during the first quarter. JFS Wealth Advisors LLC now owns 472 shares of the energy exploration company’s stock valued at $61,000 after acquiring an additional 114 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in EOG Resources by 4.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 83,527 shares of the energy exploration company’s stock worth $10,712,000 after acquiring an additional 3,311 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $106.38 on Tuesday. The company’s fifty day moving average price is $116.37 and its 200-day moving average price is $115.89. The firm has a market capitalization of $58.08 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 8.15 and a beta of 0.74. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. 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 issued its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.18. The firm had revenue of $5.48 billion for the quarter, compared to analyst estimates 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 for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.16 EPS. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on EOG shares. Wolfe Research decreased their target price on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. KeyCorp decreased their target price on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, September 3rd. Jefferies Financial Group set a $145.00 target price on shares of EOG Resources in a report on Sunday, October 12th. 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 report on Tuesday, July 22nd. Finally, Mizuho cut their price target on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $141.04.

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.