Principle Wealth Partners LLC Buys 219 Shares of EOG Resources, Inc. $EOG

Principle Wealth Partners LLC increased its stake in EOG Resources, Inc. (NYSE:EOG) by 9.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,524 shares of the energy exploration company’s stock after purchasing an additional 219 shares during the period. Principle Wealth Partners LLC’s holdings in EOG Resources were worth $302,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of EOG. GAMMA Investing LLC lifted its stake in shares of EOG Resources by 16.1% in the 1st quarter. GAMMA Investing LLC now owns 9,992 shares of the energy exploration company’s stock valued at $1,281,000 after purchasing an additional 1,383 shares during the period. AssuredPartners Investment Advisors LLC acquired a new position in shares of EOG Resources in the 1st quarter valued at $201,000. Daymark Wealth Partners LLC lifted its stake in shares of EOG Resources by 1.2% in the 1st quarter. Daymark Wealth Partners LLC now owns 13,995 shares of the energy exploration company’s stock valued at $1,795,000 after purchasing an additional 160 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of EOG Resources by 204.4% in the 1st quarter. Golden State Wealth Management LLC now owns 411 shares of the energy exploration company’s stock valued at $53,000 after purchasing an additional 276 shares during the period. Finally, Alpine Bank Wealth Management acquired a new position in shares of EOG Resources in the 1st quarter valued at $34,000. Institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company cut their price target on EOG Resources from $149.00 to $127.00 and set an “overweight” rating on the stock in a research note on Friday, October 17th. JPMorgan Chase & Co. cut their price target on EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Piper Sandler set a $129.00 price objective on shares of EOG Resources and gave the company a “neutral” rating in a research report on Tuesday. Melius assumed coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective for the company. Finally, The Goldman Sachs Group lowered their price objective on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and a consensus target price of $140.76.

EOG Resources Price Performance

EOG opened at $108.04 on Friday. The company has a fifty day simple moving average of $115.63 and a 200 day simple moving average of $115.75. The stock has a market cap of $58.99 billion, a P/E ratio of 10.50, a P/E/G ratio of 8.21 and a beta of 0.74. 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.

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

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.