Insight Inv LLC Decreases Stock Holdings in EOG Resources, Inc. $EOG

Insight Inv LLC trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,462 shares of the energy exploration company’s stock after selling 101 shares during the quarter. Insight Inv LLC’s holdings in EOG Resources were worth $1,251,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. ARGA Investment Management LP lifted its position in shares of EOG Resources by 24.2% during the first quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company’s stock valued at $1,724,000 after buying an additional 2,616 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of EOG Resources by 30.1% during the first quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after buying an additional 45,295 shares during the last quarter. CWA Asset Management Group LLC lifted its position in shares of EOG Resources by 15.3% during the first quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company’s stock valued at $2,609,000 after buying an additional 2,697 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of EOG Resources by 37.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company’s stock valued at $20,852,000 after buying an additional 44,687 shares during the last quarter. Finally, Pinnacle Financial Partners Inc lifted its position in shares of EOG Resources by 4.7% during the first quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company’s stock valued at $23,032,000 after buying an additional 8,127 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

EOG opened at $110.49 on Thursday. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. 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 firm has a market capitalization of $60.33 billion, a PE ratio of 10.74, a P/E/G ratio of 8.53 and a beta of 0.74. The firm has a 50 day moving average of $117.77 and a two-hundred day moving average of $116.97.

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, topping analysts’ consensus estimates of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same period last year, the firm posted $3.16 EPS. EOG Resources’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on EOG shares. Wells Fargo & Company reissued an “overweight” rating on shares of EOG Resources in a research report on Sunday, June 22nd. Barclays set a $136.00 price objective on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a research report on Wednesday. Piper Sandler decreased their price objective on shares of EOG Resources from $138.00 to $136.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. Finally, Evercore ISI increased their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $143.43.

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.