Evergreen Private Wealth LLC Boosts Holdings in EOG Resources, Inc. $EOG

Key Points

• Evergreen Private Wealth LLC increased its stake in EOG Resources by 9.8%, now holding 27,113 shares valued at $3,243,000.
• Other hedge funds have also significantly adjusted their positions in EOG, with Nuveen LLC purchasing a new stake worth approximately $451.9 million.
• EOG Resources reported a quarterly EPS of $2.32, exceeding expectations, but showed a 9.1% decrease in revenue year-over-year.

Evergreen Private Wealth LLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 9.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,113 shares of the energy exploration company's stock after purchasing an additional 2,431 shares during the period. Evergreen Private Wealth LLC's holdings in EOG Resources were worth $3,243,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EOG. Nuveen LLC purchased a new stake in shares of EOG Resources during the first quarter valued at approximately $451,908,000. GAMMA Investing LLC raised its stake in shares of EOG Resources by 14,784.1% during the first quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company's stock valued at $164,323,000 after purchasing an additional 1,272,765 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of EOG Resources by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company's stock valued at $2,485,402,000 after purchasing an additional 1,188,552 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of EOG Resources during the first quarter valued at approximately $81,752,000. Finally, LSV Asset Management raised its stake in shares of EOG Resources by 290.5% during the first quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company's stock valued at $88,158,000 after purchasing an additional 511,418 shares during the period. Hedge funds and other institutional investors own 89.91% of the company's stock.

EOG Resources Stock Performance

EOG Resources stock opened at $117.33 on Friday. The company has a market cap of $64.06 billion, a PE ratio of 11.40, a P/E/G ratio of 8.96 and a beta of 0.85. The company has a fifty day moving average price of $119.13 and a two-hundred day moving average price of $117.71. 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, 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 released its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.14 by $0.18. The firm 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 revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.16 earnings per share. Research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EOG shares. Melius Research started coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They set a "buy" rating and a $173.00 price target for the company. Susquehanna raised their price target 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. Roth Capital downgraded shares of EOG Resources from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $140.00 to $134.00 in a research report on Wednesday, July 9th. Royal Bank Of Canada decreased their price target on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $143.48.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the sale, the chief operating officer directly owned 45,739 shares in the company, 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 SEC, which can be accessed through this link. Insiders own 0.13% of the company's stock.

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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