Resources Management Corp CT ADV Grows Stock Position in EOG Resources, Inc. $EOG

Key Points

• Resources Management Corp CT ADV increased its holdings in EOG Resources, Inc. by 17.3%, owning a total of 20,700 shares valued at approximately $2.65 million.
• Major institutional investors like Vanguard Group Inc. and Charles Schwab Investment Management Inc. have also increased their stakes, indicating robust institutional interest as institutional ownership now stands at 89.91%.
• EOG Resources, Inc. reported $2.32 EPS for its last quarter, surpassing analysts' expectations, but its revenue decreased by 9.1% year-over-year.

Resources Management Corp CT ADV raised its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 17.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,700 shares of the energy exploration company's stock after acquiring an additional 3,053 shares during the quarter. Resources Management Corp CT ADV's holdings in EOG Resources were worth $2,655,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of EOG. Bank Pictet & Cie Europe AG grew its position in EOG Resources by 56.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock valued at $30,449,000 after acquiring an additional 89,521 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in EOG Resources in the 4th quarter valued at $192,000. Cetera Investment Advisers grew its position in EOG Resources by 1.2% in the 4th quarter. Cetera Investment Advisers now owns 109,346 shares of the energy exploration company's stock valued at $13,404,000 after acquiring an additional 1,310 shares during the last quarter. Fiduciary Trust Co grew its position in EOG Resources by 9.6% in the 4th quarter. Fiduciary Trust Co now owns 12,092 shares of the energy exploration company's stock valued at $1,482,000 after acquiring an additional 1,059 shares during the last quarter. Finally, Ethic Inc. bought a new position in EOG Resources in the 4th quarter valued at $537,000. Institutional investors own 89.91% of the company's stock.

EOG Resources Stock Down 1.2%

EOG stock traded down $1.40 during trading on Friday, reaching $118.60. 730,505 shares of the company traded hands, compared to its average volume of 3,490,601. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The business has a 50 day simple moving average of $119.92 and a 200 day simple moving average of $118.27. The company has a market capitalization of $64.75 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 9.21 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.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter last year, the company earned $3.16 earnings per share. The firm's revenue for the quarter was down 9.1% compared to the same quarter last year. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was 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 $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays increased their price target on EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Argus downgraded EOG Resources from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. Royal Bank Of Canada dropped their price target on EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 8th. Susquehanna increased their price target on EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. Finally, Piper Sandler dropped their price target on EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $143.52.

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.