Ridgewood Investments LLC Has $1.41 Million Stock Holdings in EOG Resources, Inc. $EOG

Key Points

• Ridgewood Investments LLC increased its position in EOG Resources by 110.4% in Q2, now holding 11,782 shares valued at approximately $1.41 million.
• EOG Resources reported earnings of $2.32 per share for the last quarter, surpassing the consensus estimate of $2.14.
• Institutional investors own 89.91% of EOG Resources' shares, indicating a strong interest from large investors in the energy sector.

Ridgewood Investments LLC raised its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 110.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 11,782 shares of the energy exploration company's stock after acquiring an additional 6,183 shares during the period. Ridgewood Investments LLC's holdings in EOG Resources were worth $1,409,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Strategic Planning Group LLC raised its holdings in shares of EOG Resources by 8.5% in the second quarter. Strategic Planning Group LLC now owns 37,422 shares of the energy exploration company's stock valued at $4,476,000 after purchasing an additional 2,931 shares during the last quarter. Matrix Trust Co increased its stake in EOG Resources by 11.3% in the 2nd quarter. Matrix Trust Co now owns 4,261 shares of the energy exploration company's stock valued at $510,000 after buying an additional 434 shares during the last quarter. Petredis Investment Advisors LLC increased its stake in EOG Resources by 1.2% in the 2nd quarter. Petredis Investment Advisors LLC now owns 48,791 shares of the energy exploration company's stock valued at $5,836,000 after buying an additional 602 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in EOG Resources by 0.9% during the 2nd quarter. Wedge Capital Management L L P NC now owns 32,859 shares of the energy exploration company's stock worth $3,930,000 after buying an additional 300 shares in the last quarter. Finally, Silver Oak Securities Incorporated boosted its stake in shares of EOG Resources by 34.3% during the 2nd quarter. Silver Oak Securities Incorporated now owns 3,713 shares of the energy exploration company's stock worth $444,000 after buying an additional 948 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief operating officer directly owned 45,739 shares in the company, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company's stock.

EOG Resources Trading Down 2.2%

Shares of EOG Resources stock opened at $115.74 on Monday. 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 firm has a 50-day moving average of $119.43 and a 200-day moving average of $117.86. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The stock has a market cap of $63.19 billion, a PE ratio of 11.25, a PEG ratio of 8.92 and a beta of 0.85.

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, topping the consensus estimate of $2.14 by $0.18. The business had revenue of $5.48 billion during the quarter, compared to analysts' expectations of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business's revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.16 EPS. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EOG shares. Wells Fargo & Company restated an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. Royal Bank Of Canada decreased their price target on EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a research note on Tuesday, July 8th. Melius Research began coverage on EOG Resources in a research report on Wednesday, August 20th. They set a "buy" rating and a $173.00 price target on the stock. Melius started coverage on EOG Resources in a report on Wednesday, August 20th. They issued a "buy" rating and a $173.00 price objective for the company. Finally, UBS Group raised their target price on shares of EOG Resources from $142.00 to $144.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. One 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 MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $143.48.

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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