U.S. Capital Wealth Advisors LLC Cuts Stock Position in EOG Resources, Inc. $EOG

Key Points

• U.S. Capital Wealth Advisors LLC has reduced its stake in EOG Resources, Inc. by 10.6%, resulting in holdings worth approximately $11.5 million.
• The stock has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $143.48.
• EOG Resources reported earnings of $2.32 per share for the last quarter, exceeding expectations and reflecting a 9.1% year-over-year revenue decrease.

U.S. Capital Wealth Advisors LLC lessened its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 10.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,169 shares of the energy exploration company's stock after selling 11,437 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in EOG Resources were worth $11,503,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EOG. Matrix Trust Co raised 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 acquiring an additional 434 shares during the period. Petredis Investment Advisors LLC raised 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 acquiring an additional 602 shares during the period. Wedge Capital Management L L P NC raised its stake in EOG Resources by 0.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 32,859 shares of the energy exploration company's stock valued at $3,930,000 after acquiring an additional 300 shares during the period. Silver Oak Securities Incorporated raised its stake in EOG Resources by 34.3% in the 2nd quarter. Silver Oak Securities Incorporated now owns 3,713 shares of the energy exploration company's stock valued at $444,000 after acquiring an additional 948 shares during the period. Finally, Butensky & Cohen Financial Security Inc. grew its holdings in EOG Resources by 5.5% in the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 41,237 shares of the energy exploration company's stock valued at $4,932,000 after buying an additional 2,135 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Trading Down 0.4%

Shares of EOG traded down $0.48 during mid-day trading on Monday, reaching $115.52. 2,929,465 shares of the company were exchanged, compared to its average volume of 2,510,927. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. 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 stock has a market capitalization of $63.07 billion, a PE ratio of 11.23, a PEG ratio of 8.92 and a beta of 0.85. The business has a 50 day simple moving average of $119.29 and a two-hundred day simple moving average of $117.80.

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 (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $5.45 billion. During the same period last year, the company earned $3.16 earnings per share. The firm's revenue was down 9.1% compared to the same quarter last year. On average, analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction 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 sale, the chief operating officer directly owned 45,739 shares in the company, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Morgan Stanley set a $135.00 price objective on EOG Resources and gave the company an "equal weight" rating in a report on Monday, June 2nd. Wells Fargo & Company reaffirmed an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. Raymond James Financial increased their target price on EOG Resources from $158.00 to $161.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 22nd. Argus lowered EOG Resources from a "buy" rating to a "hold" rating in a report on Monday, August 25th. Finally, UBS Group increased their target price on EOG Resources from $142.00 to $144.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. One research 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 company's stock. According to MarketBeat.com, the company presently 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.