EOG Resources, Inc. $EOG Shares Acquired by AdvisorShares Investments LLC

AdvisorShares Investments LLC lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,920 shares of the energy exploration company’s stock after acquiring an additional 315 shares during the quarter. AdvisorShares Investments LLC’s holdings in EOG Resources were worth $469,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new position in shares of EOG Resources during the first quarter worth about $26,000. Caitong International Asset Management Co. Ltd increased its stake in shares of EOG Resources by 10,950.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 219 shares during the period. Saudi Central Bank acquired a new position in shares of EOG Resources during the first quarter worth about $28,000. Raleigh Capital Management Inc. acquired a new position in shares of EOG Resources during the second quarter worth about $29,000. Finally, ORG Partners LLC increased its stake in shares of EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after acquiring an additional 88 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on EOG shares. Melius Research started coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price on the stock. 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 report on Wednesday, October 15th. Wells Fargo & Company lowered their target price on shares of EOG Resources from $149.00 to $127.00 and set an “overweight” rating on the stock in a research report on Friday, October 17th. 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 report on Wednesday, September 3rd. Finally, Piper Sandler set a $129.00 target price on shares of EOG Resources and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $140.76.

EOG Resources Trading Down 0.6%

Shares of EOG Resources stock opened at $105.35 on Friday. 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 1 year low of $102.52 and a 1 year high of $138.18. The company has a market capitalization of $57.52 billion, a P/E ratio of 10.24, a P/E/G ratio of 8.20 and a beta of 0.74. The business has a 50 day moving average price of $114.43 and a 200 day moving average price of $115.71.

EOG Resources (NYSE:EOG) last issued 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. 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 the consensus estimate of $5.45 billion. During the same period in the previous year, the firm posted $3.16 EPS. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. Sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal 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.