Harbour Trust & Investment Management Co Buys 712 Shares of EOG Resources, Inc. $EOG

Harbour Trust & Investment Management Co boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,910 shares of the energy exploration company’s stock after acquiring an additional 712 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in EOG Resources were worth $4,534,000 as of its most recent SEC filing.

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

EOG Resources Price Performance

EOG stock opened at $109.63 on Tuesday. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The stock’s 50 day moving average price is $117.28 and its 200 day moving average price is $116.45. The firm has a market cap 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 (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same quarter in the prior year, the company posted $3.16 EPS. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. KeyCorp decreased their target price on EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. cut their target price on EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Roth Capital cut EOG Resources from a “buy” rating to a “neutral” rating and cut their target price for the stock from $140.00 to $134.00 in a research note on Wednesday, July 9th. Scotiabank reaffirmed a “sector perform” rating and issued a $130.00 price objective on shares of EOG Resources in a research note on Friday, September 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $143.30.

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.