Tevis Investment Management Purchases 860 Shares of EOG Resources, Inc. $EOG

Tevis Investment Management grew its position in EOG Resources, Inc. (NYSE:EOG) by 5.4% during the second quarter, HoldingsChannel.com reports. The fund owned 16,761 shares of the energy exploration company’s stock after acquiring an additional 860 shares during the quarter. EOG Resources comprises 1.3% of Tevis Investment Management’s investment portfolio, making the stock its 23rd biggest position. Tevis Investment Management’s holdings in EOG Resources were worth $2,005,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in EOG Resources in the 1st quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd increased its stake 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 worth $26,000 after acquiring an additional 219 shares during the last quarter. Saudi Central Bank bought a new stake in EOG Resources in the 1st quarter worth approximately $28,000. Raleigh Capital Management Inc. bought a new stake in EOG Resources in the 2nd quarter worth approximately $29,000. Finally, ORG Partners LLC boosted its holdings in shares of EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on EOG. Siebert Williams Shank dropped their target price on EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a report on Monday, October 13th. KeyCorp dropped their target price on EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. Piper Sandler set a $129.00 target price on EOG Resources and gave the stock a “neutral” rating in a report on Tuesday, October 21st. The Goldman Sachs Group dropped their target price on EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Finally, Susquehanna lifted their target price on EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $140.76.

EOG Resources Price Performance

Shares of EOG stock opened at $106.78 on Tuesday. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The stock has a market capitalization of $58.30 billion, a price-to-earnings ratio of 10.38, a P/E/G ratio of 8.22 and a beta of 0.74. The stock has a fifty day simple moving average of $115.16 and a two-hundred day simple moving average of $115.80. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share 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 analysts’ expectations of $5.45 billion. During the same period in the prior year, the business earned $3.16 EPS. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, analysts predict that EOG Resources, Inc. will post 11.47 EPS 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.