TFB Advisors LLC Has $225,000 Position in EOG Resources, Inc. $EOG

TFB Advisors LLC lowered its position in EOG Resources, Inc. (NYSE:EOG) by 9.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,885 shares of the energy exploration company’s stock after selling 197 shares during the quarter. TFB Advisors LLC’s holdings in EOG Resources were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in EOG. StrongBox Wealth LLC lifted its holdings in shares of EOG Resources by 1.9% during the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock worth $576,000 after purchasing an additional 88 shares during the period. ORG Partners LLC raised its position in EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares during the last quarter. Ameriflex Group Inc. lifted its holdings in EOG Resources by 31.6% during the 2nd quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock worth $46,000 after buying an additional 91 shares during the period. Granite Harbor Advisors Inc. grew its position in shares of EOG Resources by 3.2% in the 1st quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company’s stock valued at $389,000 after buying an additional 94 shares during the last quarter. Finally, FSM Wealth Advisors LLC increased its stake in shares of EOG Resources by 6.2% in the first quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company’s stock valued at $208,000 after buying an additional 95 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

Shares of NYSE EOG opened at $108.04 on Friday. The firm has a market capitalization of $58.99 billion, a P/E ratio of 10.50, a P/E/G ratio of 8.21 and a beta of 0.74. The firm’s 50-day moving average price is $115.63 and its 200-day moving average price is $115.75. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18.

EOG Resources (NYSE:EOG) last issued its 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. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same period in the previous year, the company posted $3.16 EPS. The firm’s revenue was down 9.1% compared to the same quarter last year. Equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on EOG shares. Royal Bank Of Canada lifted their price objective on EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Roth Capital decreased their price objective on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Piper Sandler set a $129.00 target price on shares of EOG Resources and gave the stock a “neutral” rating in a research note on Tuesday. Argus cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Wolfe Research lowered their price objective on EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, EOG Resources presently has a consensus rating of “Hold” and a consensus target price of $140.76.

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.