EOG Resources, Inc. $EOG Shares Purchased by StrongBox Wealth LLC

StrongBox Wealth LLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,817 shares of the energy exploration company’s stock after purchasing an additional 88 shares during the period. StrongBox Wealth LLC’s holdings in EOG Resources were worth $576,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of EOG. Granite Harbor Advisors Inc. boosted its position in shares of 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 worth $389,000 after acquiring an additional 94 shares during the last quarter. FSM Wealth Advisors LLC boosted its position in shares of 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 worth $208,000 after acquiring an additional 95 shares during the last quarter. Sigma Planning Corp boosted its position in shares of EOG Resources by 1.6% in the first quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company’s stock worth $803,000 after acquiring an additional 97 shares during the last quarter. Bank of Jackson Hole Trust boosted its position in shares of EOG Resources by 1.6% in the first quarter. Bank of Jackson Hole Trust now owns 6,234 shares of the energy exploration company’s stock worth $791,000 after acquiring an additional 100 shares during the last quarter. Finally, Malaga Cove Capital LLC boosted its position in shares of EOG Resources by 2.9% in the first quarter. Malaga Cove Capital LLC now owns 3,502 shares of the energy exploration company’s stock worth $449,000 after acquiring an additional 100 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Price Performance

Shares of NYSE EOG opened at $120.72 on Wednesday. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The firm’s 50-day simple moving average is $119.69 and its 200 day simple moving average is $117.97. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The stock has a market cap of $65.91 billion, a P/E ratio of 11.73, a P/E/G ratio of 9.00 and a beta of 0.85.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. During the same period in the previous year, the business earned $3.16 earnings per share. The company’s revenue was down 9.1% on a year-over-year basis. Equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the business’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the sale, the chief operating officer directly owned 45,739 shares in the company, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

EOG has been the topic of a number of recent research reports. Wells Fargo & Company reaffirmed an “overweight” rating on shares of EOG Resources in a research report on Sunday, June 22nd. KeyCorp reduced their price target on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. Piper Sandler reduced their price target on shares of EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a research report on Thursday, July 17th. Barclays lifted their price target on shares of EOG Resources from $137.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday, June 2nd. Finally, Royal Bank Of Canada reduced their price target on shares of EOG Resources from $145.00 to $140.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, EOG Resources currently has an average rating of “Moderate Buy” and a consensus price target of $143.48.

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.