Oppenheimer Asset Management Inc. Purchases 5,611 Shares of EOG Resources, Inc. $EOG

Oppenheimer Asset Management Inc. increased its position in EOG Resources, Inc. (NYSE:EOG) by 6.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,138 shares of the energy exploration company’s stock after purchasing an additional 5,611 shares during the period. Oppenheimer Asset Management Inc.’s holdings in EOG Resources were worth $10,662,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Banque Cantonale Vaudoise purchased a new stake in EOG Resources in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd raised its position in EOG Resources by 10,950.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 219 shares during the last quarter. Saudi Central Bank purchased a new stake in EOG Resources in the 1st quarter valued at $28,000. Raleigh Capital Management Inc. purchased a new stake in EOG Resources in the 2nd quarter valued at $29,000. Finally, ORG Partners LLC raised its position in EOG Resources by 45.1% in 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 institutional investors.

EOG Resources Stock Down 1.6%

Shares of NYSE EOG opened at $106.38 on Monday. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The business has a 50-day simple moving average of $115.38 and a two-hundred day simple moving average of $115.85. 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 cap of $58.08 billion, a P/E ratio of 10.34, a P/E/G ratio of 8.22 and a beta of 0.74.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 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 business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter last year, the company earned $3.16 EPS. The firm’s revenue was down 9.1% compared to the same quarter last year. Research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Jefferies Financial Group set a $145.00 price target on EOG Resources in a research report on Sunday, October 12th. UBS Group raised their target price on EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Raymond James Financial raised their target price on EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 22nd. Scotiabank reaffirmed a “sector perform” rating and set a $130.00 target price on shares of EOG Resources in a research report on Friday, September 26th. Finally, The Goldman Sachs Group cut their price target on EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $140.76.

EOG Resources Company 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.