Huntington National Bank Increases Stock Holdings in EOG Resources, Inc. $EOG

Huntington National Bank grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 397,080 shares of the energy exploration company’s stock after buying an additional 2,281 shares during the quarter. Huntington National Bank’s holdings in EOG Resources were worth $47,495,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Banque Cantonale Vaudoise acquired a new stake in shares of EOG Resources in the 1st quarter valued at approximately $26,000. Saudi Central Bank acquired a new stake in shares of EOG Resources in the 1st quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of EOG Resources by 10,950.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 219 shares during the period. Raleigh Capital Management Inc. acquired a new stake in shares of EOG Resources in the 2nd quarter valued at approximately $29,000. Finally, WPG Advisers LLC acquired a new stake in shares of EOG Resources in the 1st quarter valued at approximately $36,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

Shares of EOG stock opened at $105.55 on Tuesday. The stock has a fifty day moving average price of $113.81 and a 200 day moving average price of $115.78. The stock has a market cap of $57.63 billion, a PE ratio of 10.26, a P/E/G ratio of 8.20 and a beta of 0.74. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.18. The firm had revenue of $5.48 billion during 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%.EOG Resources’s revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.16 earnings per share. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EOG has been the subject of several recent analyst reports. Siebert Williams Shank reduced their price target on EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a report on Monday, October 13th. UBS Group raised their price target on EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Argus cut EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Morgan Stanley reduced their price objective on EOG Resources from $141.00 to $136.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Finally, Melius started coverage on EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average price target of $140.76.

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.