Stanley Laman Group Ltd. Purchases 354 Shares of EOG Resources Inc (NYSE:EOG)

Stanley Laman Group Ltd. raised its position in shares of EOG Resources Inc (NYSE:EOG) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,519 shares of the energy exploration company’s stock after acquiring an additional 354 shares during the period. Stanley Laman Group Ltd.’s holdings in EOG Resources were worth $3,961,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EOG. Guidant Wealth Advisors lifted its stake in shares of EOG Resources by 50.5% in the first quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock valued at $29,000 after buying an additional 101 shares during the period. Valeo Financial Advisors LLC lifted its stake in shares of EOG Resources by 76.4% in the first quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 113 shares during the period. Icon Wealth Partners LLC lifted its stake in shares of EOG Resources by 9.7% in the first quarter. Icon Wealth Partners LLC now owns 1,288 shares of the energy exploration company’s stock valued at $123,000 after buying an additional 114 shares during the period. Advisory Services Network LLC lifted its stake in shares of EOG Resources by 0.8% in the first quarter. Advisory Services Network LLC now owns 16,930 shares of the energy exploration company’s stock valued at $1,611,000 after buying an additional 137 shares during the period. Finally, RKL Wealth Management LLC lifted its stake in shares of EOG Resources by 1.4% in the first quarter. RKL Wealth Management LLC now owns 10,467 shares of the energy exploration company’s stock valued at $1,010,000 after buying an additional 145 shares during the period. Institutional investors own 87.01% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of 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. Morgan Stanley reduced their target price on shares of EOG Resources from $101.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. SunTrust Banks reduced their target price on shares of EOG Resources to $120.00 and set a “buy” rating for the company in a research note on Wednesday, June 12th. KeyCorp increased their price target on shares of EOG Resources from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Finally, ValuEngine lowered shares of EOG Resources from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $116.36.

NYSE:EOG traded down $2.37 during mid-day trading on Wednesday, hitting $75.55. The company’s stock had a trading volume of 1,206,906 shares, compared to its average volume of 3,839,394. EOG Resources Inc has a fifty-two week low of $74.84 and a fifty-two week high of $133.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.83. The firm has a market cap of $44.34 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 1.74 and a beta of 1.31. The company has a fifty day simple moving average of $86.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results 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). EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The business had revenue of $4.70 billion during the quarter, compared to analyst estimates of $4.41 billion. During the same period last year, the company earned $1.37 EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. Sell-side analysts expect that EOG Resources Inc will post 5.24 EPS for the current year.

About EOG Resources

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.

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

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