2,548 Shares in EOG Resources, Inc. $EOG Acquired by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,548 shares of the energy exploration company’s stock, valued at approximately $305,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EOG. StrongBox Wealth LLC lifted its stake in EOG Resources by 1.9% in the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock valued at $576,000 after buying an additional 88 shares during the period. ORG Partners LLC lifted its stake in EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares during the period. Granite Harbor Advisors Inc. lifted its stake in EOG Resources by 3.2% in the first quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company’s stock valued at $389,000 after buying an additional 94 shares during the period. FSM Wealth Advisors LLC lifted its stake in EOG Resources by 6.2% in the first quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company’s stock valued at $208,000 after buying an additional 95 shares during the period. Finally, Sigma Planning Corp lifted its stake in EOG Resources by 1.6% in the first quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company’s stock valued at $803,000 after buying an additional 97 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on EOG shares. JPMorgan Chase & Co. dropped their price target on EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research note on Wednesday. Susquehanna boosted their price target on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Scotiabank restated a “sector perform” rating and set a $130.00 price objective on shares of EOG Resources in a report on Friday, September 26th. Weiss Ratings restated a “hold (c)” rating on shares of EOG Resources in a report on Saturday, September 27th. Finally, Wolfe Research decreased their price objective on EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $143.14.

EOG Resources Trading Up 0.2%

Shares of EOG Resources stock opened at $110.66 on Friday. The stock has a fifty day simple moving average of $118.46 and a 200 day simple moving average of $117.27. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a market capitalization of $60.42 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 8.48 and a beta of 0.74. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter in the prior year, the company posted $3.16 earnings per share. EOG Resources’s revenue was down 9.1% compared to the same quarter last year. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

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.