Lindenwold Advisors INC Acquires 169 Shares of EOG Resources, Inc. $EOG

Lindenwold Advisors INC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.6% during the 2nd quarter, Holdings Channel reports. The firm owned 10,788 shares of the energy exploration company’s stock after buying an additional 169 shares during the period. Lindenwold Advisors INC’s holdings in EOG Resources were worth $1,290,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. StrongBox Wealth LLC lifted its holdings in EOG Resources by 1.9% in the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock worth $576,000 after buying an additional 88 shares during the period. ORG Partners LLC lifted its holdings in EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after buying an additional 88 shares during the period. Ameriflex Group Inc. lifted its holdings in EOG Resources by 31.6% in the second 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. lifted its holdings in EOG Resources by 3.2% in the first quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company’s stock worth $389,000 after buying an additional 94 shares during the period. Finally, FSM Wealth Advisors LLC lifted its holdings in 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 worth $208,000 after buying an additional 95 shares during the period. 89.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on EOG shares. Mizuho lowered their price objective on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Jefferies Financial Group restated a “buy” rating and issued a $148.00 price objective (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a report on Wednesday. Susquehanna lifted their target price on shares of EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, July 23rd. Finally, Evercore ISI lifted their target price on shares of EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $143.43.

EOG Resources Price Performance

EOG stock opened at $108.14 on Friday. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The firm has a market capitalization of $59.04 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 8.65 and a beta of 0.74. The firm has a 50 day moving average price of $117.43 and a 200-day moving average price of $116.73. 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 (NYSE:EOG) last announced its quarterly earnings data 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 net margin of 25.25% and a return on equity of 20.51%. The company 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 business earned $3.16 EPS. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

About EOG Resources

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.