Focus Partners Wealth Has $43.94 Million Holdings in EOG Resources, Inc. $EOG

Key Points

• Focus Partners Wealth reduced its stake in EOG Resources by 5.2%, owning 342,672 shares valued at approximately $43.94 million after selling 18,667 shares during the first quarter.
• Several large investors increased their holdings in EOG Resources during the same period, with institutional investors and hedge funds collectively owning 89.91% of the company’s stock.
• EOG Resources reported a quarterly EPS of $2.32, exceeding analysts' estimates of $2.14, despite a 9.1% decline in revenue compared to the same quarter last year.

Focus Partners Wealth lessened its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 342,672 shares of the energy exploration company's stock after selling 18,667 shares during the quarter. Focus Partners Wealth owned 0.06% of EOG Resources worth $43,944,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Granite Harbor Advisors Inc. boosted its holdings in EOG Resources by 3.2% during the first quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company's stock worth $389,000 after purchasing an additional 94 shares during the last quarter. FSM Wealth Advisors LLC boosted its holdings in EOG Resources by 6.2% during the first quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock worth $208,000 after purchasing an additional 95 shares during the last quarter. Sigma Planning Corp boosted its holdings in EOG Resources by 1.6% during the first quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company's stock worth $803,000 after purchasing an additional 97 shares during the last quarter. Bank of Jackson Hole Trust boosted its holdings in EOG Resources by 1.6% during the first quarter. Bank of Jackson Hole Trust now owns 6,234 shares of the energy exploration company's stock worth $791,000 after purchasing an additional 100 shares during the last quarter. Finally, Malaga Cove Capital LLC lifted its stake in EOG Resources by 2.9% in the first quarter. Malaga Cove Capital LLC now owns 3,502 shares of the energy exploration company's stock valued at $449,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the sale, the chief operating officer owned 45,739 shares in the company, valued at $5,472,671.35. The trade was a 7.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

EOG Resources Stock Performance

Shares of EOG stock opened at $120.17 on Thursday. The company has a market capitalization of $65.61 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 8.98 and a beta of 0.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The company has a 50-day simple moving average of $120.01 and a 200 day simple moving average of $118.37. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week 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 EPS for the quarter, topping the consensus estimate of $2.14 by $0.18. The business 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%. EOG Resources's revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.16 EPS. On average, sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Analysts Set New Price Targets

EOG has been the subject of a number of recent analyst reports. Melius Research initiated coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They issued a "buy" rating and a $173.00 price target for the company. Barclays increased 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 note on Monday, June 2nd. Argus cut shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Monday, August 25th. Melius initiated coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They issued a "buy" rating and a $173.00 price target for the company. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. One equities research 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 company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $143.52.

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.

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