EOG Resources, Inc. $EOG Shares Acquired by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. increased its position in EOG Resources, Inc. (NYSE:EOG) by 90.6% in the second quarter, Holdings Channel reports. The firm owned 5,069 shares of the energy exploration company’s stock after purchasing an additional 2,410 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in EOG Resources were worth $606,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EOG. GAMMA Investing LLC lifted its holdings in EOG Resources by 16.1% in the first 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 last quarter. JFS Wealth Advisors LLC lifted its holdings in EOG Resources by 31.8% in the first quarter. JFS Wealth Advisors LLC now owns 472 shares of the energy exploration company’s stock worth $61,000 after acquiring an additional 114 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in EOG Resources by 4.1% in the first 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 last quarter. Oppenheimer & Co. Inc. lifted its holdings in EOG Resources by 3.6% in the first quarter. Oppenheimer & Co. Inc. now owns 56,920 shares of the energy exploration company’s stock worth $7,299,000 after acquiring an additional 1,979 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in EOG Resources by 5.4% in the first quarter. Asset Management One Co. Ltd. now owns 248,730 shares of the energy exploration company’s stock worth $31,897,000 after acquiring an additional 12,720 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Melius Research assumed coverage on shares of EOG Resources in a report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 target price on the stock. Wells Fargo & Company cut their target price on shares of EOG Resources from $149.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, October 17th. JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Jefferies Financial Group set a $145.00 target price on shares of EOG Resources in a report on Sunday, October 12th. Finally, Royal Bank Of Canada lifted their price target on EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $140.76.

EOG Resources Stock Performance

EOG opened at $106.07 on Wednesday. The business’s 50 day moving average is $116.13 and its 200-day moving average is $115.82. The stock has a market cap of $57.91 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 8.16 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 twelve month low of $102.52 and a twelve month 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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. During the same quarter in the previous year, the company posted $3.16 earnings per share. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, analysts predict that EOG Resources, Inc. will post 11.47 earnings per share 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.