Energy Income Partners LLC Has $13.29 Million Stake in EOG Resources, Inc. $EOG

Key Points

• Energy Income Partners LLC increased its stake in EOG Resources, Inc. by 5.5%, acquiring an additional 5,444 shares during the first quarter, bringing their total to 103,626 shares valued at $13,289,000.
• COO Jeffrey R. Leitzell sold 3,951 shares of EOG stock for approximately $472,737, representing a 7.95% decrease in their holdings.
• EOG Resources reported earnings per share (EPS) of $2.32 for the quarter, surpassing expectations, while the company’s revenue was $5.48 billion, reflecting a 9.1% decline compared to the previous year.

Energy Income Partners LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,626 shares of the energy exploration company's stock after buying an additional 5,444 shares during the quarter. Energy Income Partners LLC's holdings in EOG Resources were worth $13,289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Silvercrest Asset Management Group LLC grew its holdings in shares of EOG Resources by 14.8% during 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 boosted its position in EOG Resources by 24.2% in the first quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company's stock valued at $1,724,000 after buying an additional 2,616 shares in the last quarter. CWA Asset Management Group LLC grew 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 worth $2,609,000 after buying an additional 2,697 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings 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 worth $20,852,000 after buying an additional 44,687 shares in the last quarter. Finally, Pinnacle Financial Partners Inc lifted its stake in shares of EOG Resources by 4.7% in the 1st 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.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the transaction, the chief operating officer directly owned 45,739 shares of the company's stock, valued at $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EOG shares. Mizuho reduced their price objective on EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. Barclays raised their price objective on shares of EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a report on Monday, June 2nd. Susquehanna raised their price objective on shares of EOG Resources from $156.00 to $170.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. Finally, Roth Capital cut shares of EOG Resources from a "buy" rating to a "neutral" rating and decreased their price target for the company from $140.00 to $134.00 in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $143.52.

EOG Resources Trading Down 4.3%

EOG Resources stock traded down $5.46 during trading hours on Wednesday, reaching $120.64. 2,658,266 shares of the company's stock were exchanged, compared to its average volume of 2,574,707. The firm has a market capitalization of $65.87 billion, a PE ratio of 11.72, a PEG ratio of 9.56 and a beta of 0.85. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The firm's 50 day simple moving average is $120.22 and its 200 day simple moving average is $118.83. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18.

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

About EOG Resources

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.