EOG Resources, Inc. $EOG Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,715,429 shares of the energy exploration company’s stock after purchasing an additional 65,941 shares during the period. Allspring Global Investments Holdings LLC’s holdings in EOG Resources were worth $329,083,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. CWM LLC boosted its stake in EOG Resources by 19.4% during the 2nd quarter. CWM LLC now owns 23,959 shares of the energy exploration company’s stock worth $2,866,000 after purchasing an additional 3,888 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in EOG Resources by 9.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock worth $7,386,000 after buying an additional 5,156 shares during the last quarter. Oak Ridge Investments LLC raised its position in EOG Resources by 1.1% during the 2nd quarter. Oak Ridge Investments LLC now owns 44,135 shares of the energy exploration company’s stock worth $5,279,000 after buying an additional 492 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in EOG Resources by 1.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 11,691 shares of the energy exploration company’s stock worth $1,398,000 after buying an additional 194 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its position in EOG Resources by 1.9% during the 2nd quarter. Apollon Wealth Management LLC now owns 27,613 shares of the energy exploration company’s stock worth $3,303,000 after buying an additional 520 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EOG shares. Argus downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Evercore ISI upped their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Melius Research began coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective for the company. Barclays set a $136.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Finally, Melius began coverage on shares of EOG Resources in a report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $143.30.

EOG Resources Stock Performance

NYSE:EOG opened at $108.14 on Monday. 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 50-day moving average price of $117.43 and a two-hundred day moving average price of $116.57. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a market capitalization of $59.04 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 8.36 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 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. During the same period last year, the firm posted $3.16 EPS. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share 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.