3,386 Shares in EOG Resources, Inc. $EOG Purchased by Fiduciary Financial Group LLC

Key Points

• Fiduciary Financial Group LLC acquired 3,386 shares of EOG Resources, Inc. during Q2, valued at approximately $410,000.
• Other hedge funds, including Vanguard Group Inc. and Charles Schwab Investment Management Inc., also increased their stakes in EOG, highlighting significant institutional interest, with hedge funds owning 89.91% of the company's stock.
• EOG Resources reported earnings of $2.32 per share for the last quarter, exceeding expectations, though its revenue was down 9.1% year-over-year at $5.48 billion.

Fiduciary Financial Group LLC purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,386 shares of the energy exploration company's stock, valued at approximately $410,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EOG. Banque Cantonale Vaudoise acquired a new stake in shares of EOG Resources during the 1st quarter worth approximately $26,000. Saudi Central Bank acquired a new stake in EOG Resources in the 1st quarter valued at approximately $28,000. Alpine Bank Wealth Management acquired a new stake in EOG Resources in the 1st quarter valued at approximately $34,000. Ameriflex Group Inc. acquired a new stake in EOG Resources in the 4th quarter valued at approximately $36,000. Finally, WPG Advisers LLC acquired a new stake in EOG Resources in the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Stephens assumed coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 price target for the company. Bank of America decreased their price target on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Barclays raised their price target on shares of EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Wells Fargo & Company reissued an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. Finally, Mizuho decreased their price target on shares of EOG Resources from $140.00 to $133.00 and set a "neutral" rating for the company in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $143.48.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the sale, the chief operating officer owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.13% of the company's stock.

EOG Resources Stock Performance

Shares of EOG Resources stock traded down $1.89 on Friday, reaching $116.43. 1,315,480 shares of the stock were exchanged, compared to its average volume of 3,466,329. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. 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 has a fifty day moving average price of $119.58 and a two-hundred day moving average price of $117.97. The firm has a market capitalization of $63.57 billion, a PE ratio of 11.31, a PEG ratio of 9.18 and a beta of 0.85.

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 for 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 firm earned $3.16 earnings per share. As a group, research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal 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.