EOG Resources, Inc. $EOG Shares Sold by Capital Investment Advisors LLC

Key Points

• Capital Investment Advisors LLC decreased its holdings in EOG Resources by 8.6% during the second quarter, selling 4,372 shares, bringing their total ownership to 46,282 shares valued at approximately $5.54 million.
• Analyst sentiment for EOG Resources remains largely positive with multiple firms adjusting their price targets, including Susquehanna, which raised its target from $156 to $170 with a "positive" rating.
• EOG Resources reported an EPS of $2.32 for the last quarter, surpassing expectations, even though its quarterly revenue fell 9.1% compared to the prior year.

Capital Investment Advisors LLC reduced its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 8.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,282 shares of the energy exploration company's stock after selling 4,372 shares during the period. Capital Investment Advisors LLC's holdings in EOG Resources were worth $5,536,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new stake in shares of EOG Resources during the first quarter worth approximately $26,000. Saudi Central Bank purchased a new position in EOG Resources in the first quarter worth approximately $28,000. Raleigh Capital Management Inc. acquired a new position in EOG Resources during the 2nd quarter worth approximately $29,000. Alpine Bank Wealth Management purchased a new stake in shares of EOG Resources in the 1st quarter valued at approximately $34,000. Finally, ORG Partners LLC raised its holdings in shares of EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company's stock valued at $34,000 after purchasing an additional 88 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Susquehanna boosted their price objective on shares of EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. Jefferies Financial Group reissued a "buy" rating and issued a $148.00 price target (up from $144.00) on shares of EOG Resources in a research report on Friday, June 13th. Melius Research assumed coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They issued a "buy" rating and a $173.00 price objective for the company. Royal Bank Of Canada dropped their price objective on EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a report on Tuesday, July 8th. Finally, Raymond James Financial boosted their target price on EOG Resources from $158.00 to $161.00 and gave the company a "strong-buy" rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $143.41.

EOG Resources Trading Down 1.1%

Shares of EOG stock opened at $112.06 on Wednesday. The company has a market capitalization of $61.18 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 8.70 and a beta of 0.85. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The business's 50 day moving average is $118.94 and its two-hundred day moving average is $117.48. 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 released its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping 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 business had revenue of $5.48 billion during the quarter, compared to analysts' expectations of $5.45 billion. During the same quarter in the prior year, the business earned $3.16 earnings per share. The company's quarterly revenue was down 9.1% compared to the same quarter last year. Equities 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.

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