QRG Capital Management Inc. Has $23.55 Million Position in EOG Resources, Inc. $EOG

QRG Capital Management Inc. increased its position in EOG Resources, Inc. (NYSE:EOG) by 6.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 196,887 shares of the energy exploration company’s stock after buying an additional 11,935 shares during the period. QRG Capital Management Inc.’s holdings in EOG Resources were worth $23,550,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EOG. Nuveen LLC acquired a new position in EOG Resources in the first quarter worth approximately $451,908,000. Charles Schwab Investment Management Inc. grew its holdings in EOG Resources by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock valued at $2,485,402,000 after purchasing an additional 1,188,552 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in EOG Resources during the first quarter valued at approximately $81,752,000. LSV Asset Management grew its holdings in EOG Resources by 290.5% during the first quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock valued at $88,158,000 after purchasing an additional 511,418 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in EOG Resources during the first quarter valued at approximately $52,273,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on EOG shares. Stephens started coverage on EOG Resources in a report on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 price target on the stock. Wolfe Research lowered their price target on EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday. Piper Sandler lowered their price target on EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. JPMorgan Chase & Co. lowered their price target on EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Melius initiated coverage on EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $143.14.

EOG Resources Trading Up 0.2%

Shares of EOG Resources stock opened at $110.66 on Friday. The company’s fifty day simple moving average is $118.46 and its 200-day simple moving average is $117.27. The company has a market cap of $60.42 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 8.48 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. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.18. The business had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. EOG Resources’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the company posted $3.16 earnings per share. As a group, sell-side analysts expect 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.