Cidel Asset Management Inc. Has $620,000 Position in EOG Resources, Inc. $EOG

Cidel Asset Management Inc. boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 9.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,186 shares of the energy exploration company’s stock after acquiring an additional 438 shares during the period. Cidel Asset Management Inc.’s holdings in EOG Resources were worth $620,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. ARGA Investment Management LP boosted its holdings in EOG Resources by 24.2% in the first quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company’s stock valued at $1,724,000 after acquiring an additional 2,616 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in EOG Resources by 30.1% in the first quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after acquiring an additional 45,295 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in EOG Resources by 37.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company’s stock valued at $20,852,000 after acquiring an additional 44,687 shares during the last quarter. Pinnacle Financial Partners Inc boosted its holdings in EOG Resources by 4.7% in the first quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company’s stock valued at $23,032,000 after acquiring an additional 8,127 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in EOG Resources by 49.3% in the first quarter. Concurrent Investment Advisors LLC now owns 11,497 shares of the energy exploration company’s stock valued at $1,474,000 after acquiring an additional 3,794 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Down 1.0%

NYSE EOG opened at $106.13 on Monday. The firm has a market capitalization of $57.95 billion, a P/E ratio of 10.31, a PEG ratio of 8.15 and a beta of 0.74. The business has a fifty day simple moving average of $116.58 and a 200 day simple moving average of $115.92. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. 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 (NYSE:EOG) last announced its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same period last year, the firm posted $3.16 EPS. The business’s revenue was down 9.1% compared to the same quarter last year. On average, analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on EOG. UBS Group increased their price target on EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Royal Bank Of Canada increased their price target on EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Roth Capital cut their price target on EOG Resources from $126.00 to $114.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Piper Sandler cut their price target on EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. Finally, Morgan Stanley cut their price target on EOG Resources from $141.00 to $136.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.