Harbour Investments Inc. Decreases Stock Position in EOG Resources, Inc. $EOG

Harbour Investments Inc. reduced its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,682 shares of the energy exploration company’s stock after selling 140 shares during the quarter. Harbour Investments Inc.’s holdings in EOG Resources were worth $321,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new position in shares of EOG Resources during the 1st quarter valued at approximately $26,000. Saudi Central Bank purchased a new position in shares of EOG Resources during the 1st quarter valued at approximately $28,000. Raleigh Capital Management Inc. purchased a new position in shares of EOG Resources during the 2nd quarter valued at approximately $29,000. Alpine Bank Wealth Management purchased a new position in shares of EOG Resources during the 1st quarter valued at approximately $34,000. Finally, ORG Partners LLC boosted its stake in shares of EOG Resources by 45.1% during the 2nd 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 last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Trading Up 0.2%

NYSE:EOG opened at $106.38 on Tuesday. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The stock has a market cap of $58.08 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 8.15 and a beta of 0.74. The business has a fifty day moving average of $116.37 and a 200-day moving average of $115.89. 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 released its quarterly earnings results 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 return on equity of 20.51% and a net margin of 25.25%.The company had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.45 billion. During the same quarter in the prior year, the business posted $3.16 earnings per share. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. Equities analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EOG shares. Susquehanna upped their price target on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada upped their price target on EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Morgan Stanley dropped their price target on EOG Resources from $141.00 to $136.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. KeyCorp dropped their price target on EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. Finally, Piper Sandler dropped their price target on EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a research report on Thursday, July 17th. 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.