EOG Resources, Inc. $EOG Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 8.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 237,188 shares of the energy exploration company’s stock after buying an additional 18,205 shares during the period. D.A. Davidson & CO.’s holdings in EOG Resources were worth $28,370,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new position in EOG Resources during the first quarter worth about $26,000. Saudi Central Bank acquired a new position in EOG Resources during the first quarter worth about $28,000. Raleigh Capital Management Inc. acquired a new position in EOG Resources during the second quarter worth about $29,000. Alpine Bank Wealth Management acquired a new position in EOG Resources during the first quarter worth about $34,000. Finally, ORG Partners LLC grew its holdings in EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after acquiring an additional 88 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Mizuho lowered their target price on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Barclays set a $136.00 target price on EOG Resources and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Siebert Williams Shank decreased their price target on EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Raymond James Financial increased their price target on EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 22nd. Finally, Wells Fargo & Company decreased their price target on EOG Resources from $149.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $140.76.

EOG Resources Trading Down 0.3%

NYSE:EOG opened at $106.07 on Wednesday. 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 1-year low of $102.52 and a 1-year high of $138.18. The firm has a market capitalization of $57.91 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 8.16 and a beta of 0.74. The stock has a fifty day simple moving average of $116.13 and a 200 day simple moving average of $115.82.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS 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 firm had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same period last year, the company posted $3.16 EPS. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

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.