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

Confluence Wealth Services Inc. boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 2.0% during the second quarter, HoldingsChannel.com reports. The firm 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. StrongBox Wealth LLC increased its holdings in EOG Resources by 1.9% in the 2nd quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock worth $576,000 after acquiring an additional 88 shares in the last quarter. ORG Partners LLC grew its position in shares of EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after purchasing an additional 88 shares during the period. Ameriflex Group Inc. increased its stake in shares of EOG Resources by 31.6% during the second quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock worth $46,000 after purchasing an additional 91 shares in the last quarter. Granite Harbor Advisors Inc. raised its position in shares of EOG Resources by 3.2% during the 1st quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company’s stock worth $389,000 after purchasing an additional 94 shares during the last quarter. Finally, FSM Wealth Advisors LLC lifted its stake in EOG Resources by 6.2% in the 1st quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company’s stock valued at $208,000 after buying an additional 95 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

NYSE EOG opened at $110.66 on Monday. The stock’s fifty day moving average is $118.46 and its two-hundred day moving average is $117.16. The firm has a market capitalization of $60.42 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 8.51 and a beta of 0.74. 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 fifty-two week low of $102.52 and a fifty-two week high of $138.18.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. KeyCorp cut their price objective on EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. Raymond James Financial boosted their price target on EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 22nd. Wells Fargo & Company reissued an “overweight” rating on shares of EOG Resources in a research note on Sunday, June 22nd. Piper Sandler lowered their target price on shares of EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a research note on Thursday, July 17th. Finally, Royal Bank Of Canada dropped their target price on shares of EOG Resources from $145.00 to $140.00 and set an “outperform” rating for the company in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $143.14.

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.