11,050 Shares in EOG Resources, Inc. $EOG Acquired by Orca Wealth Management LLC

Orca Wealth Management LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,050 shares of the energy exploration company’s stock, valued at approximately $1,322,000.

Several other hedge funds also recently made changes to their positions in EOG. Nuveen LLC bought a new position in shares of EOG Resources during the 1st quarter worth approximately $451,908,000. Charles Schwab Investment Management Inc. grew its stake in shares of EOG Resources by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock worth $2,485,402,000 after acquiring an additional 1,188,552 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of EOG Resources during the 1st quarter worth approximately $81,752,000. LSV Asset Management grew its stake in shares of EOG Resources by 290.5% during the 1st quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock worth $88,158,000 after acquiring an additional 511,418 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of EOG Resources during the 1st quarter worth approximately $52,273,000. 89.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EOG. Mizuho decreased their price target on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Roth Capital cut shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $140.00 to $134.00 in a research note on Wednesday, July 9th. Melius Research initiated coverage on EOG Resources in a report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective for the company. Melius initiated coverage on EOG Resources in a report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $143.14.

EOG Resources Trading Up 0.2%

NYSE EOG opened at $110.66 on Friday. The company has a market cap of $60.42 billion, a PE ratio of 10.75, a PEG ratio of 8.51 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 12 month low of $102.52 and a 12 month high of $138.18. The stock has a 50 day moving average of $118.46 and a 200-day moving average of $117.21.

EOG Resources (NYSE:EOG) last announced 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. 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 the consensus estimate of $5.45 billion. During the same quarter last year, the firm posted $3.16 EPS. The company’s quarterly revenue was down 9.1% on a year-over-year basis. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Company 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.