Resonant Capital Advisors LLC Increases Stock Holdings in EOG Resources, Inc. $EOG

Resonant Capital Advisors LLC raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,158 shares of the energy exploration company’s stock after purchasing an additional 1,260 shares during the quarter. Resonant Capital Advisors LLC’s holdings in EOG Resources were worth $2,770,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Banque Cantonale Vaudoise bought a new stake in shares of EOG Resources during the 1st quarter valued at about $26,000. Caitong International Asset Management Co. Ltd lifted its holdings in EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after buying an additional 219 shares during the period. Saudi Central Bank purchased a new stake in EOG Resources in the first quarter worth about $28,000. Raleigh Capital Management Inc. bought a new stake in EOG Resources during the 2nd quarter valued at approximately $29,000. Finally, ORG Partners LLC grew its holdings 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 worth $34,000 after acquiring an additional 88 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on EOG. Susquehanna raised their target price on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Melius Research initiated coverage on shares of EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price on the stock. Scotiabank reiterated a “sector perform” rating and issued a $130.00 price target on shares of EOG Resources in a research note on Friday, September 26th. Raymond James Financial lifted their price target on shares of EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 22nd. Finally, The Goldman Sachs Group cut their price objective on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. One 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, the stock currently has an average rating of “Hold” and an average target price of $140.76.

EOG Resources Trading Down 1.6%

NYSE:EOG opened at $106.38 on Friday. The company’s 50 day moving average price is $115.38 and its 200-day moving average price is $115.84. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. 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 stock has a market cap of $58.08 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 8.22 and a beta of 0.74.

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. The company had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.16 EPS. On average, equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal 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.