EOG Resources, Inc. $EOG Shares Purchased by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 16.2% during the second quarter, HoldingsChannel.com reports. The firm owned 7,244 shares of the energy exploration company’s stock after buying an additional 1,010 shares during the period. Bank of Jackson Hole Trust’s holdings in EOG Resources were worth $866,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. ARGA Investment Management LP raised its position in shares of EOG Resources by 24.2% during the 1st quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company’s stock valued at $1,724,000 after acquiring an additional 2,616 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of EOG Resources by 30.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after acquiring an additional 45,295 shares in the last quarter. Pinnacle Financial Partners Inc raised its position in shares of EOG Resources by 4.7% during the 1st quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company’s stock valued at $23,032,000 after acquiring an additional 8,127 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of EOG Resources by 49.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 11,497 shares of the energy exploration company’s stock valued at $1,474,000 after acquiring an additional 3,794 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of EOG Resources during the 1st quarter valued at approximately $2,796,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Price Performance

Shares of EOG opened at $105.87 on Wednesday. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The company has a market cap of $57.80 billion, a P/E ratio of 10.29, a PEG ratio of 8.25 and a beta of 0.74. The stock has a fifty day moving average price of $114.94 and a 200 day moving average price of $115.81. 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 issued its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS 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 company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same period last year, the company earned $3.16 earnings per share. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Analyst Ratings Changes

EOG has been the topic of several research reports. Raymond James Financial upped 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. Scotiabank reissued a “sector perform” rating and set a $130.00 price target on shares of EOG Resources in a research report on Friday, September 26th. Melius Research initiated coverage on EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target on the stock. Piper Sandler set a $129.00 price objective on EOG Resources and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Finally, Barclays set a $136.00 price objective on EOG Resources and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $140.76.

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.