Heritage Investors Management Corp Has $5.31 Million Stock Position in EOG Resources, Inc. $EOG

Heritage Investors Management Corp decreased its position in EOG Resources, Inc. (NYSE:EOG) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,377 shares of the energy exploration company’s stock after selling 214 shares during the period. Heritage Investors Management Corp’s holdings in EOG Resources were worth $5,308,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in EOG. Banque Cantonale Vaudoise acquired a new position in EOG Resources in the 1st quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd raised its holdings in 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 acquiring an additional 219 shares in the last quarter. Saudi Central Bank acquired a new position in EOG Resources in the 1st quarter valued at approximately $28,000. Raleigh Capital Management Inc. acquired a new position in EOG Resources in the 2nd quarter valued at approximately $29,000. Finally, ORG Partners LLC raised its holdings in shares of EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

EOG has been the subject of a number of recent research reports. Roth Capital dropped their target price on EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Morgan Stanley dropped their target price 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. Argus cut EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. The Goldman Sachs Group dropped their target price on EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $140.76.

EOG Resources Trading Down 0.0%

EOG stock opened at $105.87 on Thursday. The business has a fifty day moving average price of $114.69 and a 200 day moving average price of $115.79. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The stock has a market capitalization of $57.81 billion, a price-to-earnings ratio of 10.29, a P/E/G ratio of 8.19 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 released its quarterly earnings results 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 firm had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.45 billion. During the same period last year, the firm posted $3.16 EPS. The business’s revenue was down 9.1% on a year-over-year basis. Analysts expect that EOG Resources, Inc. will post 11.47 EPS 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.