Brookstone Capital Management Grows Stock Holdings in EOG Resources, Inc. $EOG

Brookstone Capital Management increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 10.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,530 shares of the energy exploration company’s stock after buying an additional 328 shares during the period. Brookstone Capital Management’s holdings in EOG Resources were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new stake in EOG Resources during the first quarter worth about $26,000. Saudi Central Bank purchased a new stake in EOG Resources during the first quarter worth about $28,000. Raleigh Capital Management Inc. purchased a new stake in EOG Resources during the second quarter worth about $29,000. WPG Advisers LLC purchased a new stake in EOG Resources during the first quarter worth about $36,000. Finally, ORG Partners LLC boosted its holdings in EOG Resources by 45.1% during the second 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. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of several recent research reports. Argus downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. UBS Group upped their price target on shares of EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Morgan Stanley reduced their price target on shares of EOG Resources from $141.00 to $136.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. The Goldman Sachs Group reduced their price target on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Finally, KeyCorp reduced their price target on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $140.76.

EOG Resources Stock Performance

NYSE:EOG opened at $106.78 on Tuesday. 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 company has a market cap of $58.30 billion, a P/E ratio of 10.38, a P/E/G ratio of 8.22 and a beta of 0.74. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The firm’s 50 day moving average is $115.16 and its two-hundred day moving average is $115.80.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same quarter in the prior year, the business earned $3.16 earnings per share. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. 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.