River Street Advisors LLC Grows Stock Position in EOG Resources, Inc. $EOG

River Street Advisors LLC increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 7.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,996 shares of the energy exploration company’s stock after buying an additional 724 shares during the quarter. River Street Advisors LLC’s holdings in EOG Resources were worth $1,315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in EOG. Banque Cantonale Vaudoise purchased a new position in EOG Resources during the first quarter worth about $26,000. Saudi Central Bank purchased a new position in shares of EOG Resources in the 1st quarter worth about $28,000. Raleigh Capital Management Inc. purchased a new position in shares of EOG Resources in the 2nd quarter worth about $29,000. Alpine Bank Wealth Management purchased a new position in shares of EOG Resources in the 1st quarter worth about $34,000. Finally, ORG Partners LLC raised its holdings in shares of EOG Resources by 45.1% in 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 period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

EOG stock opened at $110.40 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The firm has a market cap of $60.28 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 8.54 and a beta of 0.74. The stock has a 50-day simple moving average of $118.62 and a 200-day simple moving average of $117.35.

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 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 quarter last year, the firm earned $3.16 earnings per share. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Piper Sandler cut their price objective on EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. JPMorgan Chase & Co. cut their price objective on EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a report on Wednesday. Wolfe Research cut their price objective on EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday. Royal Bank Of Canada cut their price objective on EOG Resources from $145.00 to $140.00 and set an “outperform” rating on the stock in a report on Tuesday, July 8th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $148.00 target price (up previously from $144.00) on shares of EOG Resources in a research note on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average price target 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.