EOG Resources Inc (NYSE:EOG) Shares Bought by Providence Capital Advisors LLC

Providence Capital Advisors LLC grew its position in EOG Resources Inc (NYSE:EOG) by 1.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 22,384 shares of the energy exploration company’s stock after purchasing an additional 395 shares during the period. Providence Capital Advisors LLC’s holdings in EOG Resources were worth $2,085,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of EOG Resources by 100.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,253,340 shares of the energy exploration company’s stock worth $1,141,521,000 after buying an additional 6,128,570 shares in the last quarter. Janus Henderson Group PLC grew its stake in EOG Resources by 60.9% in the 2nd quarter. Janus Henderson Group PLC now owns 2,734,872 shares of the energy exploration company’s stock valued at $254,785,000 after acquiring an additional 1,035,252 shares during the last quarter. USS Investment Management Ltd grew its stake in EOG Resources by 41.9% in the 2nd quarter. USS Investment Management Ltd now owns 1,907,272 shares of the energy exploration company’s stock valued at $177,729,000 after acquiring an additional 563,156 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in EOG Resources by 55.0% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,578,824 shares of the energy exploration company’s stock valued at $147,084,000 after acquiring an additional 559,957 shares in the last quarter. Finally, Findlay Park Partners LLP increased its holdings in EOG Resources by 19.0% during the 2nd quarter. Findlay Park Partners LLP now owns 3,495,785 shares of the energy exploration company’s stock valued at $325,667,000 after acquiring an additional 557,147 shares in the last quarter. Institutional investors and hedge funds own 86.52% of the company’s stock.

EOG has been the topic of several recent research reports. Raymond James reaffirmed a “buy” rating and issued a $102.00 price target on shares of EOG Resources in a report on Thursday, August 22nd. Guggenheim set a $108.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Morgan Stanley cut their price objective on EOG Resources from $101.00 to $97.00 and set an “equal weight” rating for the company in a research report on Friday, July 12th. Oppenheimer cut their price objective on EOG Resources from $111.00 to $102.00 and set an “outperform” rating for the company in a research report on Thursday, August 22nd. Finally, Wells Fargo & Co upped their target price on EOG Resources from $101.00 to $103.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have issued a buy rating to the company. EOG Resources currently has an average rating of “Buy” and an average target price of $114.09.

Shares of EOG stock traded up $1.02 during mid-day trading on Wednesday, hitting $81.12. 276,058 shares of the company’s stock were exchanged, compared to its average volume of 3,451,562. The stock has a market cap of $46.45 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.84 and a beta of 1.36. The company has a quick ratio of 0.83, a current ratio of 1.02 and a debt-to-equity ratio of 0.20. EOG Resources Inc has a fifty-two week low of $70.83 and a fifty-two week high of $133.53. The stock has a 50-day simple moving average of $78.23 and a two-hundred day simple moving average of $88.82.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.02). EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The business had revenue of $4.70 billion for the quarter, compared to analysts’ expectations of $4.41 billion. During the same quarter last year, the company posted $1.37 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, analysts anticipate that EOG Resources Inc will post 5 earnings per share for the current fiscal year.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

Featured Story: The basics of gap trading strategies

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources Inc (NYSE:EOG).

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.