Allen Mooney & Barnes Investment Advisors LLC Purchases Shares of 61,877 EOG Resources, Inc. $EOG

Allen Mooney & Barnes Investment Advisors LLC purchased a new stake in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,877 shares of the energy exploration company’s stock, valued at approximately $7,401,000. EOG Resources makes up approximately 1.2% of Allen Mooney & Barnes Investment Advisors LLC’s holdings, making the stock its 29th largest position.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in EOG Resources by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock valued at $6,922,633,000 after purchasing an additional 348,895 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in EOG Resources by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock worth $2,485,402,000 after purchasing an additional 1,188,552 shares in the last quarter. Northern Trust Corp boosted its holdings in EOG Resources by 6.3% in the first quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock worth $779,433,000 after purchasing an additional 358,916 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in EOG Resources by 3.9% in the first quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock worth $757,808,000 after purchasing an additional 223,294 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in EOG Resources by 1.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company’s stock worth $709,201,000 after purchasing an additional 60,454 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Down 1.5%

Shares of EOG opened at $118.20 on Monday. The company has a 50-day simple moving average of $119.80 and a 200-day simple moving average of $118.02. The firm has a market capitalization of $64.54 billion, a P/E ratio of 11.49, a P/E/G ratio of 9.05 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 52 week low of $102.52 and a 52 week high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.16 earnings per share. On average, equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EOG. Wells Fargo & Company reiterated an “overweight” rating on shares of EOG Resources in a report on Sunday, June 22nd. Barclays upped their price target on shares of EOG Resources from $137.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, June 2nd. Royal Bank Of Canada decreased their price target on shares of EOG Resources from $145.00 to $140.00 and set an “outperform” rating for the company in a report on Tuesday, July 8th. Jefferies Financial Group restated a “buy” rating and set a $148.00 price target (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Finally, Raymond James Financial upped their price target on shares of EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $143.52.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the transaction, the chief operating officer owned 45,739 shares of the company’s stock, valued at $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

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.