Oxbow Advisors LLC Buys 1,125 Shares of EOG Resources, Inc. $EOG

Oxbow Advisors LLC increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,284 shares of the energy exploration company’s stock after acquiring an additional 1,125 shares during the quarter. Oxbow Advisors LLC’s holdings in EOG Resources were worth $5,536,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Royal Bank Of Canada increased their price objective on shares of EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Melius began coverage on shares of EOG Resources in a report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 target price for the company. Jefferies Financial Group set a $145.00 price target on shares of EOG Resources in a research note on Sunday. Morgan Stanley cut their target price on shares of EOG Resources from $141.00 to $136.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Wolfe Research cut their target price on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus target price of $143.35.

EOG Resources Stock Performance

EOG opened at $107.23 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. The firm has a fifty day moving average price of $116.78 and a 200 day moving average price of $116.20. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The stock has a market cap of $58.55 billion, a P/E ratio of 10.42, a P/E/G ratio of 8.47 and a beta of 0.74.

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