HORAN Wealth LLC Acquires New Holdings in EOG Resources, Inc. $EOG

HORAN Wealth LLC purchased a new position in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 18,868 shares of the energy exploration company’s stock, valued at approximately $2,257,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Banque Cantonale Vaudoise bought a new stake in EOG Resources in the first quarter worth about $26,000. Caitong International Asset Management Co. Ltd raised its position in EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 219 shares in the last quarter. Saudi Central Bank bought a new stake in EOG Resources in the first quarter worth about $28,000. Raleigh Capital Management Inc. bought a new stake in EOG Resources in the second quarter worth about $29,000. Finally, ORG Partners LLC raised its position in EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after acquiring an additional 88 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Down 0.1%

Shares of EOG opened at $105.15 on Thursday. The business’s 50-day moving average price is $113.13 and its 200 day moving average price is $115.67. The stock has a market capitalization of $57.41 billion, a P/E ratio of 10.22, a P/E/G ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12.

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

Analyst Ratings Changes

Several brokerages have commented on EOG. Roth Capital dropped their price target on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Wells Fargo & Company dropped their price target on shares of EOG Resources from $149.00 to $127.00 and set an “overweight” rating on the stock in a research report on Friday, October 17th. Mizuho dropped their price target on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Argus cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Raymond James Financial lifted their price target on EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, EOG Resources presently has an average rating of “Hold” and an average target price of $140.76.

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.