Strategic Planning Group LLC Has $4.48 Million Stock Position in EOG Resources, Inc. $EOG

Key Points

• Strategic Planning Group LLC increased its stake in EOG Resources by 8.5% during the second quarter, owning a total of 37,422 shares valued at $4.48 million.
• EOG Resources reported a quarterly EPS of $2.32, surpassing expectations, but its revenue was down 9.1% compared to the previous year.
• The stock currently has a consensus rating of "Moderate Buy" with a price target averaging $143.48 among analysts.

Strategic Planning Group LLC boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 8.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,422 shares of the energy exploration company's stock after acquiring an additional 2,931 shares during the quarter. Strategic Planning Group LLC's holdings in EOG Resources were worth $4,476,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Bank Pictet & Cie Europe AG raised its holdings in shares of EOG Resources by 56.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock valued at $30,449,000 after buying an additional 89,521 shares during the last quarter. Waverly Advisors LLC acquired a new stake in EOG Resources during the 4th quarter worth approximately $399,000. Forum Financial Management LP boosted its position in EOG Resources by 2.9% during the fourth quarter. Forum Financial Management LP now owns 8,080 shares of the energy exploration company's stock worth $990,000 after purchasing an additional 227 shares during the period. Mackenzie Financial Corp raised its stake in EOG Resources by 92.7% in the fourth quarter. Mackenzie Financial Corp now owns 173,218 shares of the energy exploration company's stock valued at $21,233,000 after purchasing an additional 83,316 shares in the last quarter. Finally, Ascent Group LLC increased its stake in shares of EOG Resources by 5.5% in the fourth quarter. Ascent Group LLC now owns 17,693 shares of the energy exploration company's stock valued at $2,169,000 after buying an additional 924 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

EOG stock traded down $0.48 during trading hours on Monday, reaching $115.52. The stock had a trading volume of 2,929,465 shares, compared to its average volume of 2,510,927. The stock has a 50-day simple moving average of $119.29 and a 200 day simple moving average of $117.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The stock has a market capitalization of $63.07 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 8.92 and a beta of 0.85. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (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 company's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.16 EPS. Analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Insider Activity

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 transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on EOG shares. Melius assumed coverage on EOG Resources in a report on Wednesday, August 20th. They set a "buy" rating and a $173.00 price objective for the company. Roth Capital cut EOG Resources from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $140.00 to $134.00 in a report on Wednesday, July 9th. Stephens started coverage on EOG Resources in a research note on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 target price on the stock. Royal Bank Of Canada reduced their price target on EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a report on Tuesday, July 8th. Finally, Barclays increased their price objective 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. 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's stock. According to data from MarketBeat, EOG Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.48.

About EOG Resources

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.