Eads & Heald Wealth Management Reduces Position in EOG Resources, Inc. $EOG

Eads & Heald Wealth Management decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 4.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,823 shares of the energy exploration company’s stock after selling 345 shares during the quarter. Eads & Heald Wealth Management’s holdings in EOG Resources were worth $936,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Banque Cantonale Vaudoise bought a new stake in shares of EOG Resources during the first quarter worth $26,000. Saudi Central Bank purchased a new position in EOG Resources in the 1st quarter worth about $28,000. Raleigh Capital Management Inc. bought a new stake in EOG Resources during the 2nd quarter valued at about $29,000. Alpine Bank Wealth Management purchased a new stake in EOG Resources in the 1st quarter valued at about $34,000. Finally, ORG Partners LLC grew its stake in 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 acquiring an additional 88 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EOG shares. Piper Sandler decreased their price target on shares of EOG Resources from $138.00 to $136.00 and set a “neutral” rating for the company in a research note on Thursday, July 17th. Melius assumed coverage on EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price for the company. Scotiabank reissued a “sector perform” rating and set a $130.00 price target on shares of EOG Resources in a research report on Friday, September 26th. Raymond James Financial lifted their price objective on EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 22nd. Finally, Argus lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, EOG Resources has an average rating of “Hold” and an average price target of $143.14.

EOG Resources Trading Up 0.2%

Shares of NYSE EOG opened at $110.66 on Monday. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The business has a fifty day moving average price of $118.46 and a 200 day moving average price of $117.16. The stock has a market capitalization of $60.42 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 8.51 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.18. The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm’s revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.16 earnings per share. Equities research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal 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.