EOG Resources, Inc. $EOG Shares Bought by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC has increased its stake in EOG Resources by 34.2%, purchasing an additional 55,672 shares, bringing its total holdings to 218,275 shares valued at approximately $26.88 million.
• Recent analyst ratings indicate a generally positive outlook for EOG Resources, with price targets from various firms ranging from $138.00 to $161.00, and a consensus rating of "Moderate Buy".
• EOG Resources reported strong earnings of $2.32 per share, exceeding expectations, despite a 9.1% drop in revenue compared to the same quarter of the previous year.

Wealth Enhancement Advisory Services LLC increased its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 34.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 218,275 shares of the energy exploration company's stock after purchasing an additional 55,672 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in EOG Resources were worth $26,881,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Wedmont Private Capital boosted its stake in EOG Resources by 15.2% in the 2nd quarter. Wedmont Private Capital now owns 7,784 shares of the energy exploration company's stock worth $949,000 after purchasing an additional 1,029 shares in the last quarter. Swedbank AB boosted its stake in EOG Resources by 2.7% in the 2nd quarter. Swedbank AB now owns 373,834 shares of the energy exploration company's stock worth $44,714,000 after purchasing an additional 9,813 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in EOG Resources in the 2nd quarter worth approximately $258,000. Radnor Capital Management LLC boosted its stake in EOG Resources by 2.7% in the 2nd quarter. Radnor Capital Management LLC now owns 8,560 shares of the energy exploration company's stock worth $1,024,000 after purchasing an additional 225 shares in the last quarter. Finally, Pines Wealth Management LLC acquired a new stake in EOG Resources in the 2nd quarter worth approximately $278,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

Shares of EOG traded up $2.29 during trading hours on Tuesday, hitting $117.70. The stock had a trading volume of 696,132 shares, compared to its average volume of 3,478,578. 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 price of $119.29 and a 200 day moving average price of $117.80. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The firm has a market capitalization of $64.26 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 8.92 and a beta of 0.85.

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 (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $5.45 billion. During the same period in the previous year, the business posted $3.16 EPS. The business's revenue was down 9.1% compared to the same quarter last year. As a group, research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on EOG. KeyCorp lowered 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. Wells Fargo & Company restated an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. Barclays lifted their price objective on shares of EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Raymond James Financial lifted their price objective on shares of EOG Resources from $158.00 to $161.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 22nd. Finally, Roth Capital cut shares of EOG Resources from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $140.00 to $134.00 in a research note on Wednesday, July 9th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.48.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the transaction, the chief operating officer directly owned 45,739 shares in the company, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company's stock.

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.