EOG Resources, Inc. $EOG Shares Purchased by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. increased its stake in EOG Resources, Inc. (NYSE:EOG) by 2.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,658 shares of the energy exploration company’s stock after purchasing an additional 213 shares during the period. Confluence Wealth Services Inc.’s holdings in EOG Resources were worth $1,275,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Fenimore Asset Management Inc increased its stake in EOG Resources by 1.2% during the 2nd quarter. Fenimore Asset Management Inc now owns 374,538 shares of the energy exploration company’s stock valued at $44,799,000 after purchasing an additional 4,475 shares in the last quarter. Hunter Perkins Capital Management LLC grew its holdings in shares of EOG Resources by 0.3% during the second quarter. Hunter Perkins Capital Management LLC now owns 62,008 shares of the energy exploration company’s stock valued at $7,417,000 after buying an additional 175 shares during the last quarter. Sendero Wealth Management LLC grew its holdings in shares of EOG Resources by 23.3% during the second quarter. Sendero Wealth Management LLC now owns 3,152 shares of the energy exploration company’s stock valued at $377,000 after buying an additional 596 shares during the last quarter. Valeo Financial Advisors LLC increased its position in shares of EOG Resources by 11.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 4,887 shares of the energy exploration company’s stock valued at $585,000 after acquiring an additional 490 shares during the period. Finally, Grimes & Company Inc. raised its stake in EOG Resources by 1.3% in the 2nd quarter. Grimes & Company Inc. now owns 152,350 shares of the energy exploration company’s stock worth $18,223,000 after acquiring an additional 1,925 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Mizuho dropped their price target on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Argus cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. UBS Group upped their target price on EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Royal Bank Of Canada cut their price target on shares of EOG Resources from $145.00 to $140.00 and set an “outperform” rating on the stock in a report on Tuesday, July 8th. Finally, Melius Research assumed coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $143.14.

EOG Resources Stock Up 0.2%

Shares of EOG stock opened at $110.66 on Monday. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The stock has a market cap of $60.42 billion, a P/E ratio of 10.75, a P/E/G ratio of 8.51 and a beta of 0.74. The stock has a 50 day moving average of $118.46 and a 200 day moving average of $117.16. 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 released its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.14 by $0.18. The business had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.16 EPS. As a group, sell-side analysts expect 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.