Wealth Alliance Advisory Group LLC Has $626,000 Position in EOG Resources, Inc. $EOG

Wealth Alliance Advisory Group LLC cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 9.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,231 shares of the energy exploration company’s stock after selling 566 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in EOG Resources were worth $626,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new position in shares of EOG Resources during the 1st quarter worth approximately $26,000. Saudi Central Bank acquired a new position in shares of EOG Resources during the 1st quarter worth approximately $28,000. Alpine Bank Wealth Management bought a new stake in EOG Resources in the 1st quarter valued at $34,000. WPG Advisers LLC bought a new stake in EOG Resources in the 1st quarter valued at $36,000. Finally, Ameriflex Group Inc. bought a new stake in EOG Resources in the 4th quarter valued at $36,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

NYSE:EOG opened at $118.20 on Friday. The stock has a fifty day moving average price of $119.80 and a 200-day moving average price of $118.10. The company has a market cap of $64.54 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 9.19 and a beta of 0.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG) last released its earnings results 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. The firm had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company’s revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.16 EPS. As a group, equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the company’s stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the sale, the chief operating officer directly owned 45,739 shares in the company, valued at $5,472,671.35. This represents a 7.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and issued a $148.00 price target (up from $144.00) on shares of EOG Resources in a research note on Friday, June 13th. Raymond James Financial boosted their price target on EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 22nd. UBS Group boosted their price target on EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Argus downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of EOG Resources in a research note on Sunday, June 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $143.52.

EOG Resources Company 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.