EOG Resources, Inc. $EOG Shares Bought by RBA Wealth Management LLC

RBA Wealth Management LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 5.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 21,635 shares of the energy exploration company’s stock after buying an additional 1,091 shares during the quarter. RBA Wealth Management LLC’s holdings in EOG Resources were worth $2,588,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

EOG has been the subject of several recent analyst reports. Roth Capital cut EOG Resources from a “buy” rating to a “neutral” rating and lowered their price target for the company from $140.00 to $134.00 in a report on Wednesday, July 9th. Barclays lifted their price target 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. Stephens started coverage on EOG Resources in a report on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 price target on the stock. Wells Fargo & Company reaffirmed an “overweight” rating on shares of EOG Resources in a research note on Sunday, June 22nd. Finally, Mizuho reduced their price objective on EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and an average target price of $143.48.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the business’s stock in a transaction dated 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 owned 45,739 shares of the company’s stock, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by company insiders.

EOG Resources Trading Down 0.1%

Shares of EOG Resources stock opened at $117.19 on Friday. The company’s fifty day simple moving average is $119.13 and its 200-day simple moving average is $117.62. 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 1 year low of $102.52 and a 1 year high of $138.18. The company has a market cap of $63.98 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 9.01 and a beta of 0.85.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 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 firm had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same period in the previous year, the company posted $3.16 EPS. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, sell-side analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

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.