Fulcrum Capital LLC Purchases 883 Shares of EOG Resources, Inc. $EOG

Fulcrum Capital LLC grew its position in EOG Resources, Inc. (NYSE:EOG) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,778 shares of the energy exploration company’s stock after purchasing an additional 883 shares during the quarter. Fulcrum Capital LLC’s holdings in EOG Resources were worth $5,476,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EOG. Farther Finance Advisors LLC raised its position in shares of EOG Resources by 21.1% in the first quarter. Farther Finance Advisors LLC now owns 4,149 shares of the energy exploration company’s stock valued at $536,000 after purchasing an additional 722 shares during the period. Pallas Capital Advisors LLC increased its position in EOG Resources by 29.6% during the first quarter. Pallas Capital Advisors LLC now owns 3,216 shares of the energy exploration company’s stock worth $412,000 after acquiring an additional 735 shares during the period. GAMMA Investing LLC increased its position in EOG Resources by 16.1% during the first quarter. GAMMA Investing LLC now owns 9,992 shares of the energy exploration company’s stock worth $1,281,000 after acquiring an additional 1,383 shares during the period. Focus Financial Network Inc. increased its position in EOG Resources by 16.6% during the first quarter. Focus Financial Network Inc. now owns 2,195 shares of the energy exploration company’s stock worth $281,000 after acquiring an additional 313 shares during the period. Finally, Simon Quick Advisors LLC increased its position in EOG Resources by 14.8% during the first quarter. Simon Quick Advisors LLC now owns 5,253 shares of the energy exploration company’s stock worth $674,000 after acquiring an additional 677 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 3.4%

EOG opened at $108.14 on Friday. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The firm’s fifty day moving average price is $117.43 and its two-hundred day moving average price is $116.73. The company has a market capitalization of $59.04 billion, a P/E ratio of 10.51, a P/E/G ratio of 8.65 and a beta of 0.74.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping 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 firm had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter in the previous year, the company earned $3.16 earnings per share. The business’s revenue was down 9.1% compared to the same quarter last year. On average, analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company reaffirmed an “overweight” rating on shares of EOG Resources in a research report on Sunday, June 22nd. 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 target price on the stock. UBS Group boosted their target price on shares of EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Wolfe Research dropped their target price on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Finally, Argus lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $143.43.

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.