Moran Wealth Management LLC Trims Holdings in EOG Resources, Inc. $EOG

Moran Wealth Management LLC trimmed its stake in EOG Resources, Inc. (NYSE:EOG) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 271,414 shares of the energy exploration company’s stock after selling 10,891 shares during the period. EOG Resources comprises 1.0% of Moran Wealth Management LLC’s holdings, making the stock its 15th biggest holding. Moran Wealth Management LLC’s holdings in EOG Resources were worth $32,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in EOG. Farther Finance Advisors LLC grew its position in shares of EOG Resources by 21.1% during the 1st quarter. Farther Finance Advisors LLC now owns 4,149 shares of the energy exploration company’s stock worth $536,000 after buying an additional 722 shares in the last quarter. GAMMA Investing LLC lifted its stake in EOG Resources by 16.1% in the first quarter. GAMMA Investing LLC now owns 9,992 shares of the energy exploration company’s stock worth $1,281,000 after acquiring an additional 1,383 shares during the period. CVA Family Office LLC lifted its stake in EOG Resources by 15.6% in the first quarter. CVA Family Office LLC now owns 987 shares of the energy exploration company’s stock worth $127,000 after acquiring an additional 133 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of EOG Resources by 37.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company’s stock valued at $20,852,000 after purchasing an additional 44,687 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of EOG Resources in the 1st quarter valued at about $2,165,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Up 1.4%

NYSE:EOG opened at $109.63 on Tuesday. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The firm has a market capitalization of $59.86 billion, a P/E ratio of 10.65, a PEG ratio of 8.36 and a beta of 0.74. The company’s fifty day moving average price is $117.28 and its 200-day moving average price is $116.45.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.18. The company had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.EOG Resources’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period last year, the business earned $3.16 earnings per share. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on EOG. Stephens began coverage on EOG Resources in a research report on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 target price on the stock. Mizuho decreased their price objective on EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Raymond James Financial upped their price objective on EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 22nd. KeyCorp reduced their target price on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. Finally, Argus downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $143.30.

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.