Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $1.53 Million Stake in EOG Resources, Inc. $EOG

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 11.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,759 shares of the energy exploration company’s stock after buying an additional 1,331 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in EOG Resources were worth $1,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of EOG Resources by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock valued at $6,922,633,000 after buying an additional 348,895 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of EOG Resources by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock valued at $2,485,402,000 after buying an additional 1,188,552 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of EOG Resources by 6.3% during the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock valued at $779,433,000 after buying an additional 358,916 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of EOG Resources by 3.9% during the 1st quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock valued at $757,808,000 after buying an additional 223,294 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of EOG Resources by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company’s stock valued at $709,201,000 after buying an additional 60,454 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EOG. Susquehanna raised their price objective on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Piper Sandler cut their price objective on EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a research note on Thursday, July 17th. UBS Group raised their price objective on EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. 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. Finally, JPMorgan Chase & Co. cut their price objective on EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $143.14.

EOG Resources Trading Up 0.2%

EOG stock opened at $110.66 on Friday. The company has a market cap of $60.42 billion, a P/E ratio of 10.75, a PEG ratio of 8.51 and a beta of 0.74. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $118.46 and a 200-day moving average of $117.21.

EOG Resources (NYSE:EOG) last released its 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 company had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.16 earnings per share. As a group, equities research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

About EOG Resources

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.