Aware Super Pty Ltd as trustee of Aware Super Increases Stake in EOG Resources, Inc. $EOG

Aware Super Pty Ltd as trustee of Aware Super raised its stake in EOG Resources, Inc. (NYSE:EOG) by 13.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 54,644 shares of the energy exploration company’s stock after acquiring an additional 6,613 shares during the period. Aware Super Pty Ltd as trustee of Aware Super’s holdings in EOG Resources were worth $6,536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC raised its holdings in EOG Resources by 14.4% during the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 52,194 shares of the energy exploration company’s stock valued at $6,243,000 after buying an additional 6,588 shares during the last quarter. Davidson Investment Advisors increased its position in shares of EOG Resources by 1.2% in the second quarter. Davidson Investment Advisors now owns 172,238 shares of the energy exploration company’s stock valued at $20,601,000 after acquiring an additional 2,055 shares during the period. Nexus Investment Management ULC raised its stake in shares of EOG Resources by 0.4% during the second quarter. Nexus Investment Management ULC now owns 207,658 shares of the energy exploration company’s stock valued at $24,838,000 after acquiring an additional 900 shares during the last quarter. Rosenberg Matthew Hamilton raised its stake in shares of EOG Resources by 10.5% during the second quarter. Rosenberg Matthew Hamilton now owns 3,188 shares of the energy exploration company’s stock valued at $381,000 after acquiring an additional 304 shares during the last quarter. Finally, Mutual Advisors LLC boosted its holdings in shares of EOG Resources by 6.5% during the second quarter. Mutual Advisors LLC now owns 2,646 shares of the energy exploration company’s stock worth $313,000 after purchasing an additional 161 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 0.4%

EOG opened at $108.65 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The stock has a market cap of $59.32 billion, a PE ratio of 10.56, a PEG ratio of 8.48 and a beta of 0.74. The business has a 50 day moving average of $116.95 and a 200-day moving average of $116.35.

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 the consensus estimate of $2.14 by $0.18. The company had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.16 earnings per share. Equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

EOG has been the topic of a number of research analyst reports. Scotiabank restated a “sector perform” rating and set a $130.00 price target on shares of EOG Resources in a report on Friday, September 26th. Morgan Stanley cut their price objective on EOG Resources from $141.00 to $136.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Piper Sandler decreased their target price on EOG Resources from $138.00 to $136.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. Evercore ISI lifted their price target on shares of EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of EOG Resources in a research report on Sunday, June 22nd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $143.35.

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.