EOG Resources, Inc. $EOG Shares Sold by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC reduced its stake in EOG Resources, Inc. by 14.8%, holding 13,967 shares worth $1,671,000 as of the latest SEC filing.
• Analysts have mixed ratings on EOG Resources, with a consensus price target of $143.14 and a mix of ratings, including one Strong Buy, nine Buy, and thirteen Hold ratings.
• EOG Resources reported $2.32 earnings per share for the last quarter, exceeding analysts' expectations, but revenue was down 9.1% year-over-year.

HB Wealth Management LLC trimmed its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 14.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,967 shares of the energy exploration company's stock after selling 2,423 shares during the period. HB Wealth Management LLC's holdings in EOG Resources were worth $1,671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. StrongBox Wealth LLC boosted its stake in EOG Resources by 1.9% in the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company's stock valued at $576,000 after acquiring an additional 88 shares in the last quarter. ORG Partners LLC boosted its stake in EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company's stock valued at $34,000 after acquiring an additional 88 shares in the last quarter. Granite Harbor Advisors Inc. boosted its stake in EOG Resources by 3.2% in the first quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company's stock valued at $389,000 after acquiring an additional 94 shares in the last quarter. FSM Wealth Advisors LLC boosted its stake in EOG Resources by 6.2% in the first quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock valued at $208,000 after acquiring an additional 95 shares in the last quarter. Finally, Sigma Planning Corp boosted its stake in EOG Resources by 1.6% in the first quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company's stock valued at $803,000 after acquiring an additional 97 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EOG has been the subject of several recent analyst reports. Wolfe Research lowered their target price on shares of EOG Resources from $139.00 to $138.00 and set an "outperform" rating for the company in a research note on Wednesday. Stephens initiated coverage on shares of EOG Resources in a research note on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price objective for the company. Roth Capital downgraded shares of EOG Resources from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $140.00 to $134.00 in a research note on Wednesday, July 9th. Melius initiated coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They set a "buy" rating and a $173.00 price objective for the company. Finally, Piper Sandler lowered their price objective on shares of EOG Resources from $138.00 to $136.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $143.14.

EOG Resources Trading Down 0.8%

NYSE EOG opened at $110.40 on Friday. The company has a market capitalization of $60.28 billion, a PE ratio of 10.73, a P/E/G ratio of 8.54 and a beta of 0.74. The company has a fifty day moving average of $118.62 and a 200 day moving average of $117.35. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61.

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