Hennessy Advisors Inc. Sells 300 Shares of EOG Resources, Inc. $EOG

Hennessy Advisors Inc. reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,030 shares of the energy exploration company’s stock after selling 300 shares during the period. Hennessy Advisors Inc.’s holdings in EOG Resources were worth $2,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. NBC Securities Inc. raised its stake in EOG Resources by 180,300.0% during the first quarter. NBC Securities Inc. now owns 1,804 shares of the energy exploration company’s stock worth $231,000 after acquiring an additional 1,803 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of EOG Resources by 16.6% in the 1st quarter. Merit Financial Group LLC now owns 6,657 shares of the energy exploration company’s stock worth $854,000 after purchasing an additional 947 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of EOG Resources during the 1st quarter worth about $242,000. Breakwater Capital Group lifted its holdings in EOG Resources by 10.1% during the 1st quarter. Breakwater Capital Group now owns 2,497 shares of the energy exploration company’s stock valued at $320,000 after purchasing an additional 230 shares during the last quarter. Finally, Procyon Advisors LLC lifted its holdings in EOG Resources by 325.0% during the 1st quarter. Procyon Advisors LLC now owns 8,185 shares of the energy exploration company’s stock valued at $1,050,000 after purchasing an additional 6,259 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. KeyCorp dropped their price objective on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. Melius assumed coverage on EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target for the company. Susquehanna lifted their price objective on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Raymond James Financial increased their target price on EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 22nd. Finally, UBS Group lifted their price target on EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $143.14.

EOG Resources Trading Up 0.2%

EOG stock opened at $110.66 on Friday. 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 twelve month low of $102.52 and a twelve month high of $138.18. The company has a market cap of $60.42 billion, a P/E ratio of 10.75, a PEG ratio of 8.51 and a beta of 0.74. The business has a fifty day moving average of $118.46 and a 200-day moving average of $117.21.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.18. The business had revenue of $5.48 billion for 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 firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $3.16 earnings per share. As a group, equities research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

About EOG Resources

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.