Resources Management Corp CT ADV Grows Holdings in EOG Resources, Inc. $EOG

Resources Management Corp CT ADV boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 17.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,700 shares of the energy exploration company’s stock after purchasing an additional 3,053 shares during the quarter. Resources Management Corp CT ADV’s holdings in EOG Resources were worth $2,655,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in EOG Resources by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock worth $6,922,633,000 after buying an additional 348,895 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in EOG Resources by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock worth $2,485,402,000 after buying an additional 1,188,552 shares during the last quarter. Northern Trust Corp raised its position in EOG Resources by 6.3% during the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock worth $779,433,000 after buying an additional 358,916 shares during the last quarter. Alliancebernstein L.P. raised its position in EOG Resources by 3.9% during the 1st quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock worth $757,808,000 after buying an additional 223,294 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in EOG Resources by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company’s stock worth $709,201,000 after buying an additional 60,454 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on EOG. Wells Fargo & Company restated an “overweight” rating on shares of EOG Resources in a research report on Sunday, June 22nd. Bank of America cut their price objective on shares of EOG Resources from $125.00 to $124.00 and set a “neutral” rating for the company in a research report on Friday, May 23rd. Raymond James Financial upped their price objective on shares of EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 22nd. Piper Sandler cut their price objective on shares of EOG Resources from $138.00 to $136.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. Finally, Susquehanna upped their price objective on shares of EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $143.52.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the 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 sale, the chief operating officer directly owned 45,739 shares of the company’s stock, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

EOG Resources Stock Performance

NYSE:EOG opened at $117.89 on Friday. 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, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The stock has a market cap of $64.37 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 9.03 and a beta of 0.85. The firm’s fifty day simple moving average is $120.18 and its 200-day simple moving average is $118.59.

EOG Resources (NYSE:EOG) last posted its quarterly 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 business had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. During the same period in the prior year, the company posted $3.16 EPS. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. Analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal 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.