Mirae Asset Global Investments Co. Ltd. boosted its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 12.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 206,474 shares of the energy exploration company’s stock after acquiring an additional 23,089 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in EOG Resources were worth $23,629,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. boosted its holdings in EOG Resources by 6.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 186,635 shares of the energy exploration company’s stock worth $21,359,000 after buying an additional 10,969 shares in the last quarter. Prospera Financial Services Inc grew its holdings in shares of EOG Resources by 196.9% in the 2nd quarter. Prospera Financial Services Inc now owns 7,593 shares of the energy exploration company’s stock worth $870,000 after acquiring an additional 5,036 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of EOG Resources by 18.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 65,998 shares of the energy exploration company’s stock worth $7,565,000 after purchasing an additional 10,154 shares during the period. Procyon Advisors LLC lifted its holdings in shares of EOG Resources by 41.9% during the second quarter. Procyon Advisors LLC now owns 4,659 shares of the energy exploration company’s stock valued at $533,000 after purchasing an additional 1,376 shares during the last quarter. Finally, Continuum Advisory LLC lifted its holdings in shares of EOG Resources by 6.6% during the first quarter. Continuum Advisory LLC now owns 7,112 shares of the energy exploration company’s stock valued at $815,000 after purchasing an additional 438 shares during the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.
EOG Resources Stock Up 1.0 %
EOG opened at $125.23 on Tuesday. EOG Resources, Inc. has a twelve month low of $98.52 and a twelve month high of $144.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 2.43. The business has a 50 day moving average price of $127.24 and a 200 day moving average price of $122.54. The firm has a market cap of $73.03 billion, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 0.36 and a beta of 1.51.
EOG Resources Increases Dividend
Analyst Upgrades and Downgrades
EOG has been the topic of several recent analyst reports. Tudor, Pickering, Holt & Co. downgraded EOG Resources from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Sanford C. Bernstein downgraded shares of EOG Resources from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $155.00 to $146.00 in a research report on Tuesday, October 17th. Stifel Nicolaus raised their price objective on shares of EOG Resources from $143.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Jefferies Financial Group raised their target price on EOG Resources from $141.00 to $147.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. Finally, Bank of America lifted their price target on EOG Resources from $143.00 to $147.00 in a report on Wednesday, September 27th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.77.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.
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