TrueMark Investments LLC Invests $4.81 Million in EOG Resources, Inc. $EOG

TrueMark Investments LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 40,224 shares of the energy exploration company’s stock, valued at approximately $4,811,000.

Several other large investors have also bought and sold shares of EOG. Banque Cantonale Vaudoise acquired a new position in EOG Resources in the first quarter valued at approximately $26,000. Saudi Central Bank acquired a new position in EOG Resources in the first quarter valued at approximately $28,000. Raleigh Capital Management Inc. acquired a new position in EOG Resources in the second quarter valued at approximately $29,000. Alpine Bank Wealth Management acquired a new position in EOG Resources in the first quarter valued at approximately $34,000. Finally, 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 valued at $34,000 after buying an additional 88 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Down 1.0%

Shares of EOG stock opened at $106.13 on Friday. The firm has a fifty day moving average of $116.58 and a 200-day moving average of $115.94. The company has a quick ratio of 1.61, a current ratio of 1.79 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 company has a market capitalization of $57.95 billion, a price-to-earnings ratio of 10.31, a P/E/G ratio of 8.22 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $5.45 billion. During the same quarter in the prior year, the firm earned $3.16 earnings per share. The firm’s revenue was down 9.1% compared to the same quarter last year. As a group, equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EOG has been the topic of several analyst reports. Royal Bank Of Canada increased their price objective on shares of EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. Evercore ISI increased their target price on shares of EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Argus lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Jefferies Financial Group set a $145.00 target price on shares of EOG Resources in a report on Sunday, October 12th. Finally, Wolfe Research cut their target price on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, EOG Resources has a consensus rating of “Hold” and an average price target of $141.04.

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.