EOG Resources, Inc. $EOG Shares Purchased by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 9.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,287 shares of the energy exploration company’s stock after acquiring an additional 202 shares during the period. Quotient Wealth Partners LLC’s holdings in EOG Resources were worth $274,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ARGA Investment Management LP lifted its position in EOG Resources by 24.2% during the 1st quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company’s stock worth $1,724,000 after acquiring an additional 2,616 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in EOG Resources by 30.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock worth $25,107,000 after purchasing an additional 45,295 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in EOG Resources by 37.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company’s stock worth $20,852,000 after purchasing an additional 44,687 shares during the last quarter. Pinnacle Financial Partners Inc increased its holdings in EOG Resources by 4.7% during the 1st quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company’s stock worth $23,032,000 after purchasing an additional 8,127 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in EOG Resources by 49.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 11,497 shares of the energy exploration company’s stock worth $1,474,000 after purchasing an additional 3,794 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EOG shares. Royal Bank Of Canada lifted their price objective on EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Raymond James Financial lifted their price objective on EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 22nd. Scotiabank restated a “sector perform” rating and set a $130.00 price objective on shares of EOG Resources in a report on Friday, September 26th. Piper Sandler dropped their price objective on EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. Finally, Wells Fargo & Company decreased their target price on EOG Resources from $149.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus price target of $141.04.

EOG Resources Price Performance

Shares of EOG opened at $106.13 on Monday. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The firm has a market cap of $57.95 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 8.15 and a beta of 0.74. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average of $116.58 and a 200-day moving average of $115.92.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $5.45 billion. During the same quarter in the previous year, the firm posted $3.16 EPS. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, analysts forecast that EOG Resources, Inc. will post 11.47 EPS 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.