Fortis Capital Advisors LLC Grows Position in EOG Resources, Inc. $EOG

Fortis Capital Advisors LLC boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 3.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,353 shares of the energy exploration company’s stock after buying an additional 197 shares during the quarter. Fortis Capital Advisors LLC’s holdings in EOG Resources were worth $640,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EOG. NBC Securities Inc. raised its position in EOG Resources by 180,300.0% in the 1st quarter. NBC Securities Inc. now owns 1,804 shares of the energy exploration company’s stock valued at $231,000 after buying an additional 1,803 shares during the last quarter. Merit Financial Group LLC raised its position in EOG Resources by 16.6% in the 1st quarter. Merit Financial Group LLC now owns 6,657 shares of the energy exploration company’s stock valued at $854,000 after buying an additional 947 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in EOG Resources in the 1st quarter valued at $242,000. Breakwater Capital Group raised its position in EOG Resources by 10.1% in the 1st quarter. Breakwater Capital Group now owns 2,497 shares of the energy exploration company’s stock valued at $320,000 after buying an additional 230 shares during the last quarter. Finally, Procyon Advisors LLC raised its position in EOG Resources by 325.0% in the 1st quarter. Procyon Advisors LLC now owns 8,185 shares of the energy exploration company’s stock valued at $1,050,000 after buying an additional 6,259 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EOG. Melius began coverage on EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a research report on Saturday, September 27th. Mizuho decreased their target price on EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Roth Capital lowered EOG Resources from a “buy” rating to a “neutral” rating and decreased their target price for the company from $140.00 to $134.00 in a research report on Wednesday, July 9th. Finally, Susquehanna raised their target price on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $143.14.

EOG Resources Trading Up 0.2%

Shares of EOG opened at $110.66 on Friday. The business has a 50-day moving average of $118.46 and a 200 day moving average of $117.21. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The firm has a market cap of $60.42 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 8.51 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share 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 company had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same quarter last year, the firm posted $3.16 EPS. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, research analysts forecast 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.