Van ECK Associates Corp raised its position in EOG Resources, Inc. (NYSE:EOG – Free Report) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,628 shares of the energy exploration company’s stock after buying an additional 693 shares during the period. Van ECK Associates Corp’s holdings in EOG Resources were worth $4,263,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in EOG Resources in the 2nd quarter valued at about $25,000. Fortis Capital Advisors LLC purchased a new position in EOG Resources in the 4th quarter valued at about $28,000. Lumature Wealth Partners LLC bought a new position in shares of EOG Resources during the first quarter worth about $28,000. Peoples Bank KS bought a new position in shares of EOG Resources during the third quarter worth about $31,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in shares of EOG Resources by 1,436.8% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 292 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 273 shares during the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on EOG shares. UBS Group reduced their price target on shares of EOG Resources from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, December 14th. Raymond James reduced their price target on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Piper Sandler reduced their price target on shares of EOG Resources from $158.00 to $153.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. Wells Fargo & Company cut shares of EOG Resources from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $150.00 to $130.00 in a research report on Thursday, December 14th. Finally, Bank of America lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $147.00 to $140.00 in a research note on Friday, January 5th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.50.
EOG Resources Trading Down 1.8 %
Shares of NYSE:EOG opened at $111.05 on Monday. The stock has a market capitalization of $64.76 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 0.32 and a beta of 1.40. EOG Resources, Inc. has a 1-year low of $98.52 and a 1-year high of $136.79. 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 company has a 50 day moving average price of $117.17 and a 200 day moving average price of $124.10.
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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