Altus Wealth Group LLC Buys 2,559 Shares of EOG Resources, Inc. $EOG

Altus Wealth Group LLC grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 33.4% in the second quarter, HoldingsChannel.com reports. The firm owned 10,215 shares of the energy exploration company’s stock after purchasing an additional 2,559 shares during the period. Altus Wealth Group LLC’s holdings in EOG Resources were worth $1,222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in EOG Resources during the 1st quarter worth approximately $26,000. Saudi Central Bank bought a new stake in EOG Resources during the 1st quarter worth approximately $28,000. Raleigh Capital Management Inc. purchased a new position in shares of EOG Resources in the 2nd quarter worth approximately $29,000. Alpine Bank Wealth Management purchased a new position in shares of EOG Resources in the 1st quarter worth approximately $34,000. Finally, ORG Partners LLC boosted its stake in shares of EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after buying an additional 88 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EOG has been the topic of a number of research analyst reports. Susquehanna boosted their target price on EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Barclays set a $136.00 target price on EOG Resources and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Morgan Stanley cut their target price on EOG Resources from $141.00 to $136.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. Royal Bank Of Canada boosted their target price on EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Finally, Jefferies Financial Group set a $145.00 target price on EOG Resources in a research note on Sunday, October 12th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $141.04.

EOG Resources Price Performance

EOG Resources stock opened at $106.13 on Monday. 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 business’s 50 day simple moving average is $116.58 and its 200 day simple moving average is $115.92. The company has a market cap of $57.95 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 8.15 and a beta of 0.74.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data 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. The business had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.EOG Resources’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.16 earnings per share. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

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.