Pines Wealth Management LLC Acquires Shares of 2,260 EOG Resources, Inc. $EOG

Pines Wealth Management LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,260 shares of the energy exploration company’s stock, valued at approximately $278,000.

Several other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of EOG Resources during the first quarter worth $451,908,000. GAMMA Investing LLC increased its holdings in shares of EOG Resources by 14,784.1% during the first quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company’s stock worth $164,323,000 after buying an additional 1,272,765 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of EOG Resources by 6.5% during 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 buying an additional 1,188,552 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of EOG Resources during the first quarter worth $81,752,000. Finally, LSV Asset Management increased its holdings in shares of EOG Resources by 290.5% during the first quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock worth $88,158,000 after buying an additional 511,418 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EOG. Barclays upped their price target on shares of EOG Resources from $137.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, June 2nd. Piper Sandler lowered their price target on shares of EOG Resources from $138.00 to $136.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. Mizuho lowered their price target on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a report on Monday. Melius Research started coverage on shares of EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target for the company. Finally, Roth Capital downgraded EOG Resources from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $140.00 to $134.00 in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.48.

EOG Resources Price Performance

EOG stock opened at $119.81 on Thursday. The stock has a market capitalization of $65.42 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 9.26 and a beta of 0.85. The company’s 50-day moving average is $119.65 and its 200-day moving average is $117.98. 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, Inc. has a 1 year low of $102.52 and a 1 year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.18. The company had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business’s revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.16 EPS. Equities research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Insider Activity

In other 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 transaction of $472,737.15. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by company insiders.

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.