EOG Resources, Inc. $EOG Stock Holdings Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 10.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 240,693 shares of the energy exploration company’s stock after acquiring an additional 22,418 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in EOG Resources were worth $26,584,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Inspire Advisors LLC lifted its holdings in shares of EOG Resources by 1.1% during the third quarter. Inspire Advisors LLC now owns 13,194 shares of the energy exploration company’s stock valued at $1,479,000 after purchasing an additional 148 shares during the last quarter. JCIC Asset Management Inc. acquired a new stake in EOG Resources during the 3rd quarter worth about $32,000. Formidable Asset Management LLC raised its holdings in EOG Resources by 3.4% during the 3rd quarter. Formidable Asset Management LLC now owns 13,565 shares of the energy exploration company’s stock worth $1,623,000 after buying an additional 448 shares during the period. Oak Ridge Investments LLC lifted its stake in EOG Resources by 2.0% during the third quarter. Oak Ridge Investments LLC now owns 45,034 shares of the energy exploration company’s stock valued at $5,049,000 after buying an additional 899 shares in the last quarter. Finally, CFC Planning Co LLC boosted its holdings in shares of EOG Resources by 6.5% in the third quarter. CFC Planning Co LLC now owns 18,738 shares of the energy exploration company’s stock worth $2,101,000 after buying an additional 1,145 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the transaction, the chief operating officer directly owned 54,979 shares in the company, valued at $5,810,180.72. This represents a 3.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

EOG Resources Stock Up 1.7%

EOG opened at $107.97 on Thursday. The firm has a market cap of $58.59 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 8.82 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The business has a 50 day moving average price of $106.78 and a 200 day moving average price of $112.35. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $136.20.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.29. The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The firm’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business posted $2.89 earnings per share. Research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a $1.02 dividend. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.8%. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EOG. JPMorgan Chase & Co. cut their price target on shares of EOG Resources from $131.00 to $121.00 and set a “neutral” rating on the stock in a report on Monday, December 8th. Wolfe Research cut their target price on shares of EOG Resources from $138.00 to $134.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $153.00 target price on shares of EOG Resources in a research report on Wednesday, December 3rd. Siebert Williams Shank lowered their price target on EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, Capital One Financial reduced their price objective on EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, EOG Resources has a consensus rating of “Hold” and an average price target of $135.56.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.