Grimes & Company Inc. Purchases 1,925 Shares of EOG Resources, Inc. $EOG

Grimes & Company Inc. raised its position in EOG Resources, Inc. (NYSE:EOG) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,350 shares of the energy exploration company’s stock after buying an additional 1,925 shares during the quarter. Grimes & Company Inc.’s holdings in EOG Resources were worth $18,223,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in EOG. NBC Securities Inc. raised its stake in shares of EOG Resources by 180,300.0% in the first quarter. NBC Securities Inc. now owns 1,804 shares of the energy exploration company’s stock valued at $231,000 after buying an additional 1,803 shares during the period. Merit Financial Group LLC raised its stake in shares of EOG Resources by 16.6% in the first quarter. Merit Financial Group LLC now owns 6,657 shares of the energy exploration company’s stock valued at $854,000 after buying an additional 947 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in shares of EOG Resources in the first quarter valued at $242,000. Procyon Advisors LLC raised its stake in shares of EOG Resources by 325.0% in the first quarter. Procyon Advisors LLC now owns 8,185 shares of the energy exploration company’s stock valued at $1,050,000 after buying an additional 6,259 shares during the period. Finally, SeaCrest Wealth Management LLC raised its stake in shares of EOG Resources by 14.3% in the first quarter. SeaCrest Wealth Management LLC now owns 2,103 shares of the energy exploration company’s stock valued at $270,000 after buying an additional 263 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Price Performance

EOG Resources stock opened at $110.66 on Monday. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The business has a 50-day simple moving average of $118.46 and a 200 day simple moving average of $117.16. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The stock has a market cap of $60.42 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 8.51 and a beta of 0.74.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping 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 analysts’ expectations of $5.45 billion. During the same period in the previous year, the business earned $3.16 earnings per share. The firm’s revenue was down 9.1% on a year-over-year basis. On average, research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on EOG shares. Scotiabank reiterated a “sector perform” rating and set a $130.00 price objective on shares of EOG Resources in a research note on Friday, September 26th. Mizuho decreased their price objective on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. KeyCorp decreased their price objective on EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 3rd. Wells Fargo & Company reiterated an “overweight” rating on shares of EOG Resources in a research note on Sunday, June 22nd. Finally, Stephens started coverage on EOG Resources in a research note on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 price objective on the stock. One investment 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $143.14.

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.