Greenleaf Trust Has $1.30 Million Holdings in EOG Resources, Inc. $EOG

Greenleaf Trust lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,829 shares of the energy exploration company’s stock after selling 437 shares during the quarter. Greenleaf Trust’s holdings in EOG Resources were worth $1,295,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in EOG. NBC Securities Inc. increased its holdings in shares of EOG Resources by 180,300.0% during the 1st quarter. NBC Securities Inc. now owns 1,804 shares of the energy exploration company’s stock worth $231,000 after acquiring an additional 1,803 shares during the last quarter. Merit Financial Group LLC increased its holdings in shares of EOG Resources by 16.6% in the first quarter. Merit Financial Group LLC now owns 6,657 shares of the energy exploration company’s stock valued at $854,000 after purchasing an additional 947 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in shares of EOG Resources in the first quarter valued at $242,000. Strategic Planning Group LLC increased its holdings in shares of EOG Resources by 6.5% in the first quarter. Strategic Planning Group LLC now owns 34,491 shares of the energy exploration company’s stock valued at $4,423,000 after purchasing an additional 2,111 shares during the last quarter. Finally, Northside Capital Management LLC acquired a new position in EOG Resources in the 1st quarter valued at about $27,102,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on EOG shares. Mizuho decreased their price target on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Piper Sandler decreased their target price on EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a research report on Thursday, July 17th. Argus downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Raymond James Financial upped their price objective on EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 22nd. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of EOG Resources in a report on Sunday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $143.36.

EOG Resources Trading Down 0.7%

Shares of NYSE:EOG opened at $111.28 on Thursday. The company has a market capitalization of $60.76 billion, a P/E ratio of 10.81, a P/E/G ratio of 8.61 and a beta of 0.74. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 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. The business’s 50 day simple moving average is $118.79 and its 200 day simple moving average is $117.44.

EOG Resources (NYSE:EOG) last released its earnings results 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. The company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.EOG Resources’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.16 EPS. On average, research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

About EOG Resources

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.