Wealth Enhancement Advisory Services LLC Grows Stake in EOG Resources, Inc. $EOG

Wealth Enhancement Advisory Services LLC lifted its position in EOG Resources, Inc. (NYSE:EOG) by 34.2% during the second quarter, HoldingsChannel.com reports. 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 and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of EOG. Banque Cantonale Vaudoise bought a new position in EOG Resources in the 1st quarter worth $26,000. Saudi Central Bank bought a new position in EOG Resources in the 1st quarter worth $28,000. Alpine Bank Wealth Management bought a new position in EOG Resources in the 1st quarter worth $34,000. Ameriflex Group Inc. bought a new position in EOG Resources in the 4th quarter worth $36,000. Finally, WPG Advisers LLC bought a new position in EOG Resources in the 1st quarter worth $36,000. 89.91% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction dated Monday, June 30th. The stock was 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. The trade was 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 hyperlink. Company insiders own 0.13% of the company’s stock.

EOG Resources Price Performance

NYSE:EOG opened at $115.74 on Friday. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The business’s 50-day simple moving average is $119.43 and its two-hundred day simple moving average is $117.92. The stock has a market cap of $63.19 billion, a PE ratio of 11.25, a P/E/G ratio of 9.06 and a beta of 0.85.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.45 billion. During the same period in the previous year, the firm posted $3.16 earnings per share. The business’s revenue was down 9.1% compared to the same quarter last year. As a group, analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group raised 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. Piper Sandler decreased their target price on EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. Argus cut EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Roth Capital cut EOG Resources from a “buy” rating to a “neutral” rating and decreased their price target for the company from $140.00 to $134.00 in a report on Wednesday, July 9th. Finally, Melius Research initiated coverage on EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, EOG Resources has an average rating of “Moderate Buy” and an average target price of $143.48.

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.