EOG Resources, Inc. $EOG Shares Bought by Foster Victor Wealth Advisors LLC

Key Points

• Foster Victor Wealth Advisors LLC increased its stake in EOG Resources by 5.2%, owning 59,134 shares valued at approximately $7.2 million as of the latest reporting period.
• Wall Street analysts have varying opinions on EOG Resources, with a consensus rating of "Moderate Buy" and a consensus target price of $143.48.
• During its last earnings report, EOG Resources reported $2.32 earnings per share, surpassing expectations and noted a revenue of $5.48 billion for the quarter.

Foster Victor Wealth Advisors LLC raised its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,134 shares of the energy exploration company's stock after buying an additional 2,935 shares during the period. Foster Victor Wealth Advisors LLC's holdings in EOG Resources were worth $7,208,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Banque Cantonale Vaudoise purchased a new position in EOG Resources in the 1st quarter valued at approximately $26,000. Saudi Central Bank acquired a new position in shares of EOG Resources during the 1st quarter worth $28,000. Alpine Bank Wealth Management purchased a new stake in shares of EOG Resources in the 1st quarter worth about $34,000. Ameriflex Group Inc. acquired a new stake in EOG Resources in the 4th quarter valued at about $36,000. Finally, WPG Advisers LLC acquired a new stake in EOG Resources in the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EOG shares. Mizuho dropped their price objective on shares of EOG Resources from $140.00 to $133.00 and set a "neutral" rating for the company in a research note on Monday, September 15th. Royal Bank Of Canada cut their price target on EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a report on Tuesday, July 8th. UBS Group upped their price objective on EOG Resources from $142.00 to $144.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Melius initiated coverage on EOG Resources in a research report on Wednesday, August 20th. They set a "buy" rating and a $173.00 price objective for the company. Finally, Melius Research began coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They issued a "buy" rating and a $173.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $143.48.

EOG Resources Stock Performance

Shares of EOG stock opened at $115.61 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The company's fifty day moving average price is $119.20 and its two-hundred day moving average price is $117.78. The firm has a market capitalization of $63.12 billion, a P/E ratio of 11.24, a P/E/G ratio of 8.87 and a beta of 0.85. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18.

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, beating the consensus estimate of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. During the same period last year, the firm earned $3.16 earnings per share. The company's revenue was down 9.1% on a year-over-year basis. On average, research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction that occurred 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 sale, the chief operating officer owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company's stock.

EOG Resources Company 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.

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG - Free Report).

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.