EOG Resources, Inc. $EOG Shares Purchased by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust boosted its position in EOG Resources, Inc. (NYSE:EOG) by 16.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,244 shares of the energy exploration company’s stock after purchasing an additional 1,010 shares during the quarter. Bank of Jackson Hole Trust’s holdings in EOG Resources were worth $866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Howard Capital Management Inc. raised its stake in EOG Resources by 20.4% in the 2nd quarter. Howard Capital Management Inc. now owns 7,036 shares of the energy exploration company’s stock valued at $842,000 after purchasing an additional 1,194 shares during the last quarter. Purkiss Capital Advisors LLC purchased a new stake in EOG Resources in the 2nd quarter valued at about $207,000. Tevis Investment Management grew its holdings in EOG Resources by 5.4% in the 2nd quarter. Tevis Investment Management now owns 16,761 shares of the energy exploration company’s stock valued at $2,005,000 after buying an additional 860 shares during the period. Conscious Wealth Investments LLC grew its holdings in EOG Resources by 0.5% in the 2nd quarter. Conscious Wealth Investments LLC now owns 25,602 shares of the energy exploration company’s stock valued at $3,152,000 after buying an additional 140 shares during the period. Finally, Advisory Alpha LLC grew its holdings in EOG Resources by 17.1% in the 2nd quarter. Advisory Alpha LLC now owns 4,015 shares of the energy exploration company’s stock valued at $480,000 after buying an additional 586 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of EOG Resources in a report on Wednesday, October 8th. Piper Sandler set a $129.00 price target on EOG Resources and gave the company a “neutral” rating in a report on Tuesday, October 21st. Morgan Stanley lowered their price target on EOG Resources from $141.00 to $136.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Wolfe Research lowered their price target on EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Finally, Scotiabank restated a “sector perform” rating and issued a $130.00 price target on shares of EOG Resources in a report on Friday, September 26th. One 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 company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $140.76.

EOG Resources Stock Down 0.9%

Shares of NYSE:EOG opened at $105.87 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The stock has a market capitalization of $57.80 billion, a P/E ratio of 10.29, a PEG ratio of 8.25 and a beta of 0.74. The stock has a 50-day simple moving average of $114.94 and a 200-day simple moving average of $115.81.

EOG Resources (NYSE:EOG) last issued 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. 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 quarter in the previous year, the business earned $3.16 EPS. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. Equities analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share 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.