Eog Resources Intrinsic Value Calculation – International Assets Investment Management LLC Increases Stake in EOG Resources, in Third Quarter Purchase
October 30, 2024
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EOG ($NYSE:EOG) Resources, Inc. is a leading American energy company, specializing in the exploration, development, and production of crude oil and natural gas. Headquartered in Houston, Texas, EOG Resources has operations across the United States, as well as in Canada, Trinidad and Tobago, the United Kingdom, China, and Argentina. The company is known for its innovative and efficient drilling techniques, which have allowed it to maintain a strong position in the competitive energy market. According to the latest filings with the Securities and Exchange Commission, IAIM reported a new position in shares of EOG Resources during this period. This move by IAIM is notable because it represents a significant increase in their stake in EOG Resources. Prior to this quarter, the firm did not hold any shares in the company. The decision by IAIM to invest in EOG Resources could be attributed to several factors. This increase was mainly driven by higher crude oil prices and lower operating costs.
Additionally, EOG Resources has a strong track record of creating value for its shareholders through efficient capital allocation and disciplined cost management. The company has consistently generated positive free cash flow, allowing it to return value to its shareholders through dividends and share buybacks. Moreover, EOG Resources has a robust portfolio of high-quality assets, with a diversified mix of both oil and natural gas reserves. This provides a stable foundation for the company’s long-term growth and profitability, making it an attractive investment opportunity. With its efficient operations, strong financial performance, and promising portfolio, EOG Resources is well-positioned to deliver value for its shareholders in the years to come.
Market Price
According to reports, on Tuesday, the stock for EOG Resources opened at $122.07 and closed at $120.53. This reflects a decrease of 1.26% from the previous closing price of $122.07. This move not only showcases the firm’s confidence in EOG Resources but also serves as a testament to the company’s strong financial standing and performance in the market. The company has a significant presence in both national and international markets, with operations in the United States, Canada, Trinidad, and China. EOG Resources has a proven track record of delivering consistent growth and profitability, making it an attractive choice for investors.
As a result, this could potentially boost EOG Resources’ stock value and further solidify its position as a top-performing energy company. In conclusion, the recent announcement by International Assets Investment Management LLC to increase their stake in EOG Resources demonstrates a strong vote of confidence in the company’s future prospects and potential for growth. This reaffirms EOG Resources’ position as a strong investment opportunity and could pave the way for continued success in the market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Eog Resources. More…
| Total Revenues | Net Income | Net Margin |
| 23.18k | 7.59k | 30.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Eog Resources. More…
| Operations | Investing | Financing |
| 11.34k | -6.34k | -5.69k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Eog Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 43.86k | 15.77k | 48.36 |
Key Ratios Snapshot
Some of the financial key ratios for Eog Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 32.9% | 168.8% | 42.4% |
| FCF Margin | ROE | ROA |
| 22.2% | 22.0% | 14.0% |
Analysis – Eog Resources Intrinsic Value Calculation
Based on our analysis, I have determined that EOG RESOURCES has a strong and stable well-being. This is due to several factors, including its high profitability, low debt levels, and strong financial position. One key point to note is the fair value of EOG RESOURCES share, which we have calculated to be around $106.6 using our proprietary Valuation Line. This indicates that the stock is currently trading at a fair price. However, it is important to mention that the current market price for EOG RESOURCES stock is $120.53, which means it is overvalued by 13.0%. While this may indicate a strong demand for the stock, it also suggests that investors may be paying more than what the company is actually worth. Overall, EOG RESOURCES shows promising signs of being a healthy and well-performing company. However, investors should carefully consider the current market price and weigh it against the company’s fair value before making any investment decisions. More…
Peers
EOG Resources Inc is an American petroleum and natural gas exploration and production company with operations in the United States, Trinidad, the United Kingdom, and China. One of the largest American independents, its principal business is exploring for, developing, and producing crude oil and natural gas. EOG Resources is organized as a Delaware corporation and is headquartered in Houston, Texas.
The company’s competitors include Ovintiv Inc, Continental Resources Inc, Hess Corp.
– Ovintiv Inc ($TSX:OVV)
Ovintiv Inc is an oil and gas exploration and production company with a market cap of 18.04B as of 2022. The company has a Return on Equity of 33.39%. Ovintiv Inc is engaged in the exploration, development, production and marketing of crude oil, natural gas and natural gas liquids. The company has operations in the United States, Canada, Europe and South America.
– Continental Resources Inc ($NYSE:CLR)
Continental Resources, Inc. explores, develops, and produces crude oil and natural gas. It operates through the following segments: Bakken, SCOOP Woodford, and Other. The company was founded by Harold Hamm in 1967 and is headquartered in Oklahoma City, OK.
– Hess Corp ($NYSE:HES)
Hess Corporation is an American oil and gas company with operations in the United States, Canada, Equatorial Guinea, the United Kingdom, Indonesia, and Denmark. The company is headquartered in New York City.
Hess has a market cap of $39.94 billion as of 2022 and a return on equity of 29.47%. The company is engaged in the exploration, production, marketing, and refining of crude oil and natural gas. Hess also owns and operates a refinery in St. Croix, U.S. Virgin Islands.
Summary
International Assets Investment Management LLC recently made a significant investment in EOG Resources, Inc., a leading energy company. This move occurred during the third quarter and reflects the firm’s confidence in EOG’s potential for growth and profitability. The specific details of the investment were not disclosed, but this purchase suggests that EOG may be viewed as a promising opportunity for investors.
As a multinational asset management company, International Assets Investment Management LLC likely conducts thorough analysis and research before making such a decision, further indicating the potential value of EOG. This development may also serve as a positive signal for other investors considering EOG as part of their portfolio.
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