Granite Harbor Advisors Inc. Increases Stock Holdings in EOG Resources, Inc. $EOG

Granite Harbor Advisors Inc. increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,146 shares of the energy exploration company’s stock after buying an additional 112 shares during the period. Granite Harbor Advisors Inc.’s holdings in EOG Resources were worth $376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nuveen LLC acquired a new stake in EOG Resources during the 1st quarter worth $451,908,000. Charles Schwab Investment Management Inc. boosted its stake in EOG Resources by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock worth $2,485,402,000 after purchasing an additional 1,188,552 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in EOG Resources during the 1st quarter worth $81,752,000. LSV Asset Management boosted its stake in EOG Resources by 290.5% during the 1st quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock worth $88,158,000 after purchasing an additional 511,418 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in EOG Resources during the 1st quarter worth $52,273,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG opened at $106.09 on Thursday. The stock has a 50 day moving average price of $115.87 and a 200 day moving average price of $115.75. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $57.93 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 8.14 and a beta of 0.74. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly 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. The firm had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.16 earnings per share. Research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EOG shares. Melius Research started coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price on the stock. UBS Group lifted their price target on EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. The Goldman Sachs Group reduced their price target on EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Piper Sandler set a $129.00 price objective on shares of EOG Resources and gave the company a “neutral” rating in a report on Tuesday. Finally, Wells Fargo & Company reduced their target price on shares of EOG Resources from $149.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $140.76.

EOG Resources 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.