EOG Resources, Inc. $EOG Stock Position Decreased by Fielder Capital Group LLC

Fielder Capital Group LLC cut its position in shares of EOG Resources, Inc. (NYSE:EOG) by 5.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,637 shares of the energy exploration company’s stock after selling 346 shares during the period. Fielder Capital Group LLC’s holdings in EOG Resources were worth $794,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new stake in shares of EOG Resources during the 1st quarter worth about $26,000. Caitong International Asset Management Co. Ltd raised its stake in shares of EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 219 shares in the last quarter. Saudi Central Bank bought a new position in shares of EOG Resources in the 1st quarter valued at approximately $28,000. Raleigh Capital Management Inc. bought a new position in shares of EOG Resources in the 2nd quarter valued at approximately $29,000. Finally, Alpine Bank Wealth Management bought a new position in shares of EOG Resources in the 1st quarter valued at approximately $34,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Melius Research assumed coverage on EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective on the stock. Wolfe Research cut their price objective on EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Raymond James Financial raised their price objective on EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada raised their price objective on EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Finally, Morgan Stanley cut their price objective on EOG Resources from $141.00 to $136.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $140.76.

EOG Resources Stock Performance

EOG opened at $106.38 on Friday. The firm has a market capitalization of $58.08 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 8.35 and a beta of 0.74. The stock’s 50 day moving average price is $115.38 and its two-hundred day moving average price is $115.76. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18.

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