Kingsview Wealth Management LLC lifted its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 50.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,943 shares of the energy exploration company’s stock after acquiring an additional 983 shares during the period. Kingsview Wealth Management LLC’s holdings in EOG Resources were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in EOG Resources in the 2nd quarter valued at about $25,000. Lumature Wealth Partners LLC bought a new stake in EOG Resources in the 1st quarter valued at about $28,000. Fortis Capital Advisors LLC bought a new stake in EOG Resources in the 4th quarter valued at about $28,000. Peoples Bank KS acquired a new position in EOG Resources during the 3rd quarter valued at about $31,000. Finally, Eagle Bay Advisors LLC acquired a new position in EOG Resources during the 2nd quarter valued at about $33,000. 89.21% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have issued reports on EOG shares. Bank of America downgraded EOG Resources from a “buy” rating to a “neutral” rating and cut their price target for the company from $147.00 to $140.00 in a research note on Friday, January 5th. UBS Group cut their price target on EOG Resources from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, December 14th. Citigroup downgraded EOG Resources from a “buy” rating to a “neutral” rating and cut their price target for the company from $144.00 to $135.00 in a research note on Monday, October 23rd. Mizuho cut their target price on EOG Resources from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Wednesday, January 3rd. Finally, Truist Financial boosted their target price on EOG Resources from $165.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.50.
EOG Resources Trading Up 2.0 %
Shares of EOG stock opened at $111.88 on Wednesday. The company’s fifty day simple moving average is $117.84 and its two-hundred day simple moving average is $124.43. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.43 and a quick ratio of 2.10. EOG Resources, Inc. has a 1 year low of $98.52 and a 1 year high of $136.79. The stock has a market capitalization of $65.24 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 0.32 and a beta of 1.40.
EOG Resources Company Profile
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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