EOG Resources, Inc. $EOG Shares Sold by Vest Financial LLC

Vest Financial LLC lowered its position in shares of EOG Resources, Inc. (NYSE:EOG) by 28.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 155,736 shares of the energy exploration company’s stock after selling 61,768 shares during the quarter. Vest Financial LLC’s holdings in EOG Resources were worth $18,628,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Banque Cantonale Vaudoise purchased a new stake in shares of EOG Resources during the 1st quarter worth about $26,000. Saudi Central Bank purchased a new stake in shares of EOG Resources during the 1st quarter worth about $28,000. Raleigh Capital Management Inc. purchased a new stake in shares of EOG Resources during the 2nd quarter worth about $29,000. Alpine Bank Wealth Management purchased a new stake in shares of EOG Resources during the 1st quarter worth about $34,000. Finally, ORG Partners LLC grew its holdings in shares of EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 1.4%

EOG stock opened at $109.63 on Tuesday. 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 simple moving average of $117.28 and a 200-day simple moving average of $116.45. The company has a market capitalization of $59.86 billion, a P/E ratio of 10.65, a PEG ratio of 8.36 and a beta of 0.74. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18.

EOG Resources (NYSE:EOG) last issued 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. The business had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.16 earnings per share. On average, equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EOG. Evercore ISI boosted their target price on EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Stephens assumed coverage on EOG Resources in a report on Tuesday, June 17th. They issued an “equal weight” rating and a $137.00 price target for the company. Melius Research assumed coverage on EOG Resources in a report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price target for the company. KeyCorp decreased their price target on EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. Finally, Piper Sandler decreased their price target on EOG Resources from $138.00 to $136.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average price target of $143.30.

About EOG Resources

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.