Private Trust Co. NA Purchases 140 Shares of EOG Resources, Inc. $EOG

Private Trust Co. NA lifted its position in EOG Resources, Inc. (NYSE:EOG) by 7.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,969 shares of the energy exploration company’s stock after buying an additional 140 shares during the quarter. Private Trust Co. NA’s holdings in EOG Resources were worth $235,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Banque Cantonale Vaudoise bought a new position in shares of EOG Resources in the first quarter valued at $26,000. Saudi Central Bank bought a new position in shares of EOG Resources in the first quarter valued at $28,000. Raleigh Capital Management Inc. bought a new position in shares of EOG Resources in the second quarter valued at $29,000. Alpine Bank Wealth Management bought a new position in shares of EOG Resources in the first quarter valued at $34,000. Finally, ORG Partners LLC grew its stake in shares of EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Up 0.2%

EOG opened at $106.38 on Tuesday. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The company has a market capitalization of $58.08 billion, a P/E ratio of 10.34, a P/E/G ratio of 8.15 and a beta of 0.74. The stock has a fifty day moving average of $116.37 and a 200-day moving average of $115.89.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter last year, the firm earned $3.16 earnings per share. The company’s revenue was down 9.1% on a year-over-year basis. On average, equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EOG. Wolfe Research cut their price target on EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Morgan Stanley cut their price target on EOG Resources from $141.00 to $136.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. UBS Group raised their price target on EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Wells Fargo & Company cut their price target on EOG Resources from $149.00 to $127.00 and set an “overweight” rating for the company in a report on Friday. Finally, Evercore ISI raised their price target on EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $141.04.

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.