Clear Creek Financial Management LLC Grows Holdings in EOG Resources, Inc. $EOG

Clear Creek Financial Management LLC increased its position in EOG Resources, Inc. (NYSE:EOG) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,997 shares of the energy exploration company’s stock after acquiring an additional 171 shares during the quarter. Clear Creek Financial Management LLC’s holdings in EOG Resources were worth $837,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EOG. StrongBox Wealth LLC increased its stake in EOG Resources by 1.9% in the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock worth $576,000 after purchasing an additional 88 shares during the period. ORG Partners LLC increased its stake in shares of EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying 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 valued at $46,000 after buying an additional 91 shares during the period. Granite Harbor Advisors Inc. increased its stake in shares of EOG Resources by 3.2% during the first quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company’s stock valued at $389,000 after buying an additional 94 shares during the period. Finally, FSM Wealth Advisors LLC increased its stake in shares of EOG Resources by 6.2% during the first 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 during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on EOG shares. JPMorgan Chase & Co. cut their price target on EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Melius Research started coverage on EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target on the stock. Mizuho cut their price target on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Melius started coverage on EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target on the stock. Finally, Roth Capital lowered EOG Resources from a “buy” rating to a “neutral” rating and cut their price target for the company from $140.00 to $134.00 in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $143.43.

EOG Resources Price Performance

Shares of EOG stock opened at $111.84 on Friday. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The stock’s 50-day moving average is $117.60 and its 200 day moving average is $116.86. The company has a market cap of $61.06 billion, a P/E ratio of 10.87, a PEG ratio of 8.54 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61.

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 return on equity of 20.51% and a net margin of 25.25%.The company had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter last year, the company earned $3.16 earnings per share. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. Research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources 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.