Wealth Advisory Solutions LLC Acquires Shares of 18,385 EOG Resources, Inc. $EOG

Key Points

• Wealth Advisory Solutions LLC has acquired 18,385 shares of EOG Resources, valued at approximately $2,199,000 in the second quarter.
• EOG Resources reported $2.32 earnings per share for the last quarter, exceeding analysts' estimates of $2.14, despite a 9.1% year-over-year revenue decline.
• Analyst ratings for EOG are generally positive, with a consensus rating of "Moderate Buy" and an average target price of $143.48.

Wealth Advisory Solutions LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 18,385 shares of the energy exploration company's stock, valued at approximately $2,199,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new position in shares of EOG Resources in the 1st quarter valued at $26,000. Saudi Central Bank acquired a new position in shares of EOG Resources in the 1st quarter valued at $28,000. Alpine Bank Wealth Management acquired a new position in shares of EOG Resources in the 1st quarter valued at $34,000. Ameriflex Group Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at $36,000. Finally, WPG Advisers LLC acquired a new position in shares of EOG Resources in the 1st quarter valued at $36,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Down 0.4%

Shares of EOG opened at $115.52 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The firm has a 50-day moving average price of $119.29 and a 200 day moving average price of $117.80. The firm has a market capitalization of $63.07 billion, a P/E ratio of 11.23, a P/E/G ratio of 8.92 and a beta of 0.85.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $5.45 billion. During the same quarter in the prior year, the firm posted $3.16 earnings per share. EOG Resources's quarterly revenue was down 9.1% on a year-over-year basis. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction dated Monday, June 30th. The shares were 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 owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

EOG has been the subject of several analyst reports. Piper Sandler decreased their target price on shares of EOG Resources from $138.00 to $136.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. UBS Group boosted 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. KeyCorp decreased their target price on shares of EOG Resources from $140.00 to $138.00 and set an "overweight" rating for the company in a research note on Wednesday, September 3rd. Morgan Stanley set a $135.00 price target on shares of EOG Resources and gave the stock an "equal weight" rating in a report on Monday, June 2nd. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat, EOG Resources presently has a consensus rating of "Moderate Buy" and an average 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.

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