Advisory Alpha LLC Acquires 586 Shares of EOG Resources, Inc. $EOG

Advisory Alpha LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 17.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,015 shares of the energy exploration company’s stock after purchasing an additional 586 shares during the period. Advisory Alpha LLC’s holdings in EOG Resources were worth $480,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EOG. Banque Cantonale Vaudoise bought a new stake in EOG Resources in the first quarter worth $26,000. Caitong International Asset Management Co. Ltd increased its position in EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 219 shares during the last quarter. Saudi Central Bank bought a new stake in EOG Resources in the first quarter worth $28,000. Raleigh Capital Management Inc. bought a new position in EOG Resources during the second quarter valued at $29,000. Finally, ORG Partners LLC increased its position in EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after acquiring an additional 88 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 0.0%

NYSE:EOG opened at $105.87 on Thursday. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a 50-day moving average of $114.69 and a 200 day moving average of $115.79. The firm has a market cap of $57.81 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 8.19 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EOG. Morgan Stanley cut their price objective on shares of EOG Resources from $141.00 to $136.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. Melius began coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective on the stock. Wolfe Research lowered their price objective on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Mizuho lowered their price objective on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Finally, Wells Fargo & Company lowered their price objective on shares of EOG Resources from $149.00 to $127.00 and set an “overweight” rating for the company in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $140.76.

About EOG Resources

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.