EOG Resources Inc (NYSE:EOG) Shares Acquired by Parkside Investments LLC

Parkside Investments LLC grew its position in EOG Resources Inc (NYSE:EOG) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,972 shares of the energy exploration company’s stock after buying an additional 500 shares during the quarter. Parkside Investments LLC’s holdings in EOG Resources were worth $3,258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Bank grew its stake in shares of EOG Resources by 3.2% in the second quarter. Comerica Bank now owns 113,236 shares of the energy exploration company’s stock valued at $9,647,000 after buying an additional 3,563 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of EOG Resources by 5.4% in the second quarter. Envestnet Asset Management Inc. now owns 165,587 shares of the energy exploration company’s stock valued at $15,426,000 after buying an additional 8,420 shares in the last quarter. SPC Financial Inc. grew its stake in shares of EOG Resources by 25.8% in the second quarter. SPC Financial Inc. now owns 9,410 shares of the energy exploration company’s stock valued at $877,000 after buying an additional 1,930 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of EOG Resources by 20.4% in the second quarter. Cullen Frost Bankers Inc. now owns 143,837 shares of the energy exploration company’s stock valued at $13,400,000 after buying an additional 24,380 shares in the last quarter. Finally, FinTrust Capital Advisors LLC grew its stake in shares of EOG Resources by 557.4% in the second quarter. FinTrust Capital Advisors LLC now owns 756 shares of the energy exploration company’s stock valued at $71,000 after buying an additional 641 shares in the last quarter. 87.01% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on EOG shares. Susquehanna Bancshares raised EOG Resources from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $107.00 to $115.00 in a research note on Monday, May 6th. ValuEngine cut EOG Resources from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Zacks Investment Research raised EOG Resources from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Thursday, May 9th. MKM Partners raised EOG Resources from a “neutral” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Tuesday, May 28th. Finally, KeyCorp boosted their target price on EOG Resources from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have given a buy rating to the company’s stock. EOG Resources currently has an average rating of “Buy” and a consensus price target of $116.36.



Shares of NYSE:EOG traded up $1.14 on Friday, hitting $76.08. 105,828 shares of the company’s stock were exchanged, compared to its average volume of 4,141,627. The firm’s 50-day moving average is $85.56 and its 200 day moving average is $91.58. The company has a market capitalization of $45.59 billion, a PE ratio of 13.73, a P/E/G ratio of 1.72 and a beta of 1.31. EOG Resources Inc has a 1-year low of $73.95 and a 1-year high of $133.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.02.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.02). The business had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.41 billion. EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.37 earnings per share. On average, analysts anticipate that EOG Resources Inc will post 5.24 EPS for the current fiscal year.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

Further Reading: Quick Ratio

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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