Childress Capital Advisors LLC Invests $317,000 in EOG Resources, Inc. $EOG

Childress Capital Advisors LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,653 shares of the energy exploration company’s stock, valued at approximately $317,000.

Other institutional investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new position in shares of EOG Resources in the 1st quarter valued at $26,000. Saudi Central Bank acquired a new position in EOG Resources in the first quarter valued at $28,000. Raleigh Capital Management Inc. acquired a new position in EOG Resources in the second quarter valued at $29,000. Alpine Bank Wealth Management acquired a new position in EOG Resources in the first quarter valued at $34,000. Finally, WPG Advisers LLC acquired a new position in EOG Resources in the first quarter valued at $36,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Down 0.7%

Shares of EOG stock opened at $111.28 on Thursday. The business’s fifty day moving average price is $118.79 and its 200 day moving average price is $117.44. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The firm has a market capitalization of $60.76 billion, a PE ratio of 10.81, a P/E/G ratio of 8.61 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 posted 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. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. During the same period in the prior year, the company posted $3.16 EPS. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Analyst Ratings Changes

EOG has been the topic of several recent research reports. Raymond James Financial boosted their price target on EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 22nd. Piper Sandler dropped their target price on EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. Roth Capital lowered EOG Resources from a “buy” rating to a “neutral” rating and dropped their target price for the company from $140.00 to $134.00 in a report on Wednesday, July 9th. Stephens started coverage on shares of EOG Resources in a research note on Tuesday, June 17th. They issued an “equal weight” rating and a $137.00 price objective on the stock. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $148.00 price objective (up from $144.00) on shares of EOG Resources in a research note on Friday, June 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $143.36.

EOG Resources Company 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.