Wealth Enhancement Advisory Services LLC Has $24.71 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Wealth Enhancement Advisory Services LLC decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 5.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,986 shares of the energy exploration company’s stock after selling 10,716 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in EOG Resources were worth $24,707,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. UniSuper Management Pty Ltd lifted its holdings in EOG Resources by 228.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock worth $1,998,000 after buying an additional 10,868 shares during the period. Bryn Mawr Capital Management LLC acquired a new position in EOG Resources during the 1st quarter worth about $1,217,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in EOG Resources by 57.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 380,287 shares of the energy exploration company’s stock worth $46,192,000 after buying an additional 138,869 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in EOG Resources by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,491,898 shares of the energy exploration company’s stock worth $190,724,000 after buying an additional 9,894 shares during the period. Finally, University of Texas Texas AM Investment Management Co. lifted its holdings in EOG Resources by 3,976.8% during the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company’s stock worth $1,370,000 after buying an additional 10,618 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EOG. Evercore ISI cut their target price on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. KeyCorp lowered their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Wolfe Research started coverage on EOG Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Wells Fargo & Company lowered their price objective on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 1st. Finally, Morgan Stanley lowered their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Fourteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $141.20.

Insider Activity at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,537 shares of company stock worth $2,751,612. Insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG opened at $123.17 on Monday. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The stock’s 50 day moving average price is $125.95 and its 200-day moving average price is $126.66. The company has a market capitalization of $70.03 billion, a PE ratio of 9.51, a PEG ratio of 3.26 and a beta of 1.28. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same quarter in the previous year, the business earned $2.49 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that EOG Resources, Inc. will post 11.71 EPS for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.96%. EOG Resources’s payout ratio is 28.11%.

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.