Avidian Wealth Enterprises LLC Buys 2,354 Shares of EOG Resources, Inc. $EOG

Avidian Wealth Enterprises LLC lifted its position in EOG Resources, Inc. (NYSE:EOG) by 69.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,745 shares of the energy exploration company’s stock after acquiring an additional 2,354 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in EOG Resources were worth $687,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in EOG. ARGA Investment Management LP increased its position in shares of EOG Resources by 24.2% during the first quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company’s stock valued at $1,724,000 after acquiring an additional 2,616 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of EOG Resources by 30.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after purchasing an additional 45,295 shares during the last quarter. Pinnacle Financial Partners Inc raised its stake in shares of EOG Resources by 4.7% during the 1st quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company’s stock worth $23,032,000 after purchasing an additional 8,127 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in shares of EOG Resources by 49.3% in the 1st quarter. Concurrent Investment Advisors LLC now owns 11,497 shares of the energy exploration company’s stock worth $1,474,000 after buying an additional 3,794 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of EOG Resources in the 1st quarter worth about $2,796,000. 89.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on EOG shares. Roth Capital decreased their price objective on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Melius Research began coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price for the company. Jefferies Financial Group set a $145.00 price target on shares of EOG Resources in a report on Sunday, October 12th. Susquehanna upped their price objective on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada increased their price objective on EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $140.76.

EOG Resources Stock Performance

NYSE EOG opened at $106.07 on Wednesday. The firm has a market cap of $57.91 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 8.16 and a beta of 0.74. 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 company’s 50 day moving average is $116.13 and its 200-day moving average is $115.82. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $5.45 billion. During the same period in the previous year, the business earned $3.16 EPS. EOG Resources’s revenue was down 9.1% compared to the same quarter last year. Sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current 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.