EOG Resources, Inc. $EOG Shares Acquired by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC grew its stake in EOG Resources, Inc. (NYSE:EOG) by 19.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,010 shares of the energy exploration company’s stock after purchasing an additional 1,787 shares during the period. Bourgeon Capital Management LLC’s holdings in EOG Resources were worth $1,317,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EOG. Lockerman Financial Group Inc. grew its holdings in EOG Resources by 31.8% during the second quarter. Lockerman Financial Group Inc. now owns 2,483 shares of the energy exploration company’s stock worth $297,000 after acquiring an additional 599 shares during the period. First United Bank & Trust grew its holdings in EOG Resources by 10.3% during the second quarter. First United Bank & Trust now owns 5,298 shares of the energy exploration company’s stock worth $634,000 after acquiring an additional 494 shares during the period. Emerald Advisors LLC grew its holdings in EOG Resources by 17.1% during the second quarter. Emerald Advisors LLC now owns 6,237 shares of the energy exploration company’s stock worth $746,000 after acquiring an additional 911 shares during the period. Park Place Capital Corp grew its holdings in EOG Resources by 3,728.2% during the second quarter. Park Place Capital Corp now owns 6,929 shares of the energy exploration company’s stock worth $840,000 after acquiring an additional 6,748 shares during the period. Finally, G&S Capital LLC grew its holdings in EOG Resources by 97.9% during the second quarter. G&S Capital LLC now owns 5,431 shares of the energy exploration company’s stock worth $650,000 after acquiring an additional 2,686 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of recent analyst reports. Argus lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. KeyCorp decreased their target price on EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. Melius initiated coverage on EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price on the stock. Roth Capital downgraded EOG Resources from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $140.00 to $134.00 in a research report on Wednesday, July 9th. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of EOG Resources in a research report on Sunday, June 22nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, EOG Resources has an average rating of “Hold” and an average target price of $143.41.

EOG Resources Price Performance

EOG stock opened at $113.25 on Tuesday. 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, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The firm has a market cap of $61.83 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 9.01 and a beta of 0.85. The stock has a 50-day simple moving average of $119.06 and a 200-day simple moving average of $117.52.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. The firm had revenue of $5.48 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.16 earnings per share. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal 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.