Hudson Edge Investment Partners Inc. Buys 943 Shares of EOG Resources, Inc. $EOG

Hudson Edge Investment Partners Inc. raised its stake in EOG Resources, Inc. (NYSE:EOG) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,826 shares of the energy exploration company’s stock after acquiring an additional 943 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in EOG Resources were worth $4,883,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Banque Cantonale Vaudoise bought a new stake in shares of EOG Resources in the first quarter valued at about $26,000. Saudi Central Bank bought a new stake in shares of EOG Resources in the first quarter valued at about $28,000. Raleigh Capital Management Inc. bought a new stake in shares of EOG Resources in the second quarter valued at about $29,000. Alpine Bank Wealth Management bought a new stake in shares of EOG Resources in the first quarter valued at about $34,000. Finally, WPG Advisers LLC bought a new stake in shares of EOG Resources in the first quarter valued at about $36,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 0.8%

EOG stock opened at $110.40 on Friday. The company has a market cap of $60.28 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 8.54 and a beta of 0.74. The business has a 50-day simple moving average of $118.62 and a 200 day simple moving average of $117.35. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.EOG Resources’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.16 earnings per share. Sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EOG. Argus cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Royal Bank Of Canada reduced their target price on shares of EOG Resources from $145.00 to $140.00 and set an “outperform” rating for the company in a research report on Tuesday, July 8th. Wells Fargo & Company reissued an “overweight” rating on shares of EOG Resources in a research report on Sunday, June 22nd. Melius Research started coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 target price for the company. Finally, Wolfe Research dropped their price target on EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $143.14.

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.