Rosenberg Matthew Hamilton Boosts Holdings in EOG Resources, Inc. $EOG

Rosenberg Matthew Hamilton boosted its position in EOG Resources, Inc. (NYSE:EOG) by 10.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,188 shares of the energy exploration company’s stock after purchasing an additional 304 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in EOG Resources were worth $381,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EOG. GAMMA Investing LLC lifted its stake in EOG Resources by 16.1% in the 1st quarter. GAMMA Investing LLC now owns 9,992 shares of the energy exploration company’s stock worth $1,281,000 after purchasing an additional 1,383 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in EOG Resources by 37.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company’s stock worth $20,852,000 after purchasing an additional 44,687 shares in the last quarter. Ritholtz Wealth Management lifted its stake in EOG Resources by 117.2% in the 1st quarter. Ritholtz Wealth Management now owns 12,836 shares of the energy exploration company’s stock worth $1,646,000 after purchasing an additional 6,926 shares in the last quarter. Brighton Jones LLC lifted its stake in EOG Resources by 4.1% in the 1st quarter. Brighton Jones LLC now owns 5,987 shares of the energy exploration company’s stock worth $768,000 after purchasing an additional 236 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in EOG Resources in the 1st quarter worth approximately $51,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

EOG stock opened at $109.19 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The firm’s fifty day moving average is $117.11 and its 200 day moving average is $116.40. The firm has a market cap of $59.62 billion, a P/E ratio of 10.61, a P/E/G ratio of 8.48 and a beta of 0.74.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS 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 company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same quarter last year, the firm earned $3.16 EPS. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. Research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EOG. JPMorgan Chase & Co. lowered their price objective on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Scotiabank restated a “sector perform” rating and set a $130.00 price objective on shares of EOG Resources in a research report on Friday, September 26th. Argus cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Wells Fargo & Company restated an “overweight” rating on shares of EOG Resources in a research report on Sunday, June 22nd. Finally, Piper Sandler lowered their price objective on shares of EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, EOG Resources has a consensus rating of “Hold” and a consensus price target of $143.35.

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.