Twelve Points Wealth Management LLC Grows Holdings in EOG Resources, Inc. $EOG

Key Points

• Twelve Points Wealth Management LLC increased its stake in EOG Resources, Inc. by 11.0% in Q2, holding 29,035 shares worth approximately $3.47 million, making it the firm's 24th largest position.
• Institutional investors hold 89.91% of EOG's stock, with several other hedge funds, including Wealth Enhancement Advisory Services LLC and Canada Pension Plan Investment Board, significantly boosting their holdings.
• Analysts have mixed ratings on EOG Resources, with one strong buy rating, ten buy ratings, and a consensus price target of $143.48, indicating relative confidence in the company's future performance.

Twelve Points Wealth Management LLC boosted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 11.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,035 shares of the energy exploration company's stock after acquiring an additional 2,884 shares during the period. EOG Resources accounts for about 0.9% of Twelve Points Wealth Management LLC's investment portfolio, making the stock its 24th largest position. Twelve Points Wealth Management LLC's holdings in EOG Resources were worth $3,473,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EOG. ARGA Investment Management LP lifted its stake in shares of EOG Resources by 24.2% during the 1st quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company's stock valued at $1,724,000 after buying an additional 2,616 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in EOG Resources by 15.3% during the first quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company's stock valued at $2,609,000 after acquiring an additional 2,697 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in EOG Resources by 37.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company's stock valued at $20,852,000 after acquiring an additional 44,687 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of EOG Resources by 30.1% in the first quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company's stock valued at $25,107,000 after acquiring an additional 45,295 shares in the last quarter. Finally, Pinnacle Financial Partners Inc boosted its stake in shares of EOG Resources by 4.7% in the first quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company's stock worth $23,032,000 after acquiring an additional 8,127 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm'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 of the company's stock, valued at $5,472,671.35. This trade represents a 7.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Susquehanna lifted their target price on EOG Resources from $156.00 to $170.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Melius Research began coverage on shares of EOG Resources in a report on Wednesday, August 20th. They issued a "buy" rating and a $173.00 target price on the stock. Roth Capital cut shares of EOG Resources from a "buy" rating to a "neutral" rating and cut their target price for the company from $140.00 to $134.00 in a research note on Wednesday, July 9th. Wells Fargo & Company reiterated an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. Finally, KeyCorp dropped their price objective on shares of EOG Resources from $140.00 to $138.00 and set an "overweight" rating for the company in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have given a Hold rating to the company's stock. According to MarketBeat.com, EOG Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of $143.48.

EOG Resources Price Performance

EOG stock opened at $117.19 on Friday. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The firm has a market capitalization of $63.98 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 9.01 and a beta of 0.85. The company has a fifty day simple moving average of $119.13 and a two-hundred day simple moving average of $117.66. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same period in the previous year, the firm posted $3.16 EPS. The business's quarterly revenue was down 9.1% on a year-over-year basis. Analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.