Alamea Verwaltungs GmbH Acquires New Holdings in EOG Resources, Inc. $EOG

Key Points

• Alamea Verwaltungs GmbH has acquired a new stake in EOG Resources, Inc., purchasing 5,137 shares valued at approximately $659,000, making it the 22nd largest holding in their investment portfolio.
• Several institutional investors, including Silvercrest Asset Management and Wealth Enhancement Advisory Services, have significantly increased their stakes in EOG Resources during the first quarter of this year, demonstrating strong institutional interest.
• Analyst ratings for EOG Resources show a consensus of "Moderate Buy," with price targets raised by firms like UBS and Raymond James, indicating a favorable market outlook despite a slight year-over-year revenue decline.

Alamea Verwaltungs GmbH acquired a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,137 shares of the energy exploration company's stock, valued at approximately $659,000. EOG Resources comprises about 0.6% of Alamea Verwaltungs GmbH's investment portfolio, making the stock its 22nd largest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC lifted its stake in EOG Resources by 14.8% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company's stock valued at $101,256,000 after purchasing an additional 106,677 shares during the last quarter. ARGA Investment Management LP lifted its stake in EOG Resources by 24.2% in the 1st quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company's stock valued at $1,724,000 after purchasing an additional 2,616 shares during the last quarter. CWA Asset Management Group LLC raised its stake in shares of EOG Resources by 15.3% during the first quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company's stock valued at $2,609,000 after acquiring an additional 2,697 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of EOG Resources by 37.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company's stock valued at $20,852,000 after acquiring an additional 44,687 shares during the last quarter. Finally, Pinnacle Financial Partners Inc raised its stake in shares of EOG Resources by 4.7% during the first quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company's stock valued at $23,032,000 after acquiring an additional 8,127 shares during the last quarter. Institutional investors own 89.91% of the company's stock.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the transaction, the chief operating officer owned 45,739 shares of the company's stock, valued at $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. UBS Group raised their price target on shares of EOG Resources from $142.00 to $144.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Raymond James Financial raised their price target on shares of EOG Resources from $158.00 to $161.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 22nd. Argus downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Monday, August 25th. Bank of America dropped their price target on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Finally, Mizuho dropped their price target on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $143.61.

EOG Resources Price Performance

Shares of NYSE EOG opened at $124.89 on Friday. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The firm has a fifty day simple moving average of $120.06 and a 200 day simple moving average of $118.88. The company has a market capitalization of $68.19 billion, a PE ratio of 12.14, a P/E/G ratio of 9.54 and a beta of 0.80. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter last year, the firm earned $3.16 earnings per share. EOG Resources's quarterly revenue was down 9.1% on a year-over-year basis. On average, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.