EOG Resources, Inc. $EOG Shares Sold by Cromwell Holdings LLC

Cromwell Holdings LLC lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 6.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,556 shares of the energy exploration company’s stock after selling 112 shares during the quarter. Cromwell Holdings LLC’s holdings in EOG Resources were worth $186,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Banque Cantonale Vaudoise purchased a new position in shares of EOG Resources in the first quarter worth about $26,000. Saudi Central Bank purchased a new position in shares of EOG Resources in the first quarter worth about $28,000. Raleigh Capital Management Inc. purchased a new position in shares of EOG Resources in the second quarter worth about $29,000. Alpine Bank Wealth Management purchased a new position in shares of EOG Resources in the first quarter worth about $34,000. Finally, WPG Advisers LLC purchased a new position in shares of EOG Resources in the first quarter worth about $36,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Down 0.8%

Shares of EOG opened at $110.40 on Friday. 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 12 month low of $102.52 and a 12 month high of $138.18. The stock’s 50 day moving average is $118.62 and its two-hundred day moving average is $117.35. The firm has a market cap of $60.28 billion, a P/E ratio of 10.73, a PEG ratio of 8.54 and a beta of 0.74.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating 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% compared to the same quarter last year. During the same period last year, the company earned $3.16 earnings per share. Analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EOG has been the subject of several research analyst reports. Melius Research began coverage on EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective for the company. Scotiabank reiterated a “sector perform” rating and set a $130.00 price target on shares of EOG Resources in a research report on Friday, September 26th. Piper Sandler reduced their price target on EOG Resources from $138.00 to $136.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. JPMorgan Chase & Co. reduced their price target on EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Royal Bank Of Canada reduced their price target on EOG Resources from $145.00 to $140.00 and set an “outperform” rating for the company in a research report on Tuesday, July 8th. One equities research 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $143.14.

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.