Wakefield Asset Management LLLP Has $2.82 Million Position in EOG Resources, Inc. (NYSE:EOG)

Wakefield Asset Management LLLP reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 14.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,843 shares of the energy exploration company’s stock after selling 5,491 shares during the period. EOG Resources makes up about 1.1% of Wakefield Asset Management LLLP’s portfolio, making the stock its 22nd biggest holding. Wakefield Asset Management LLLP’s holdings in EOG Resources were worth $2,824,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC acquired a new stake in EOG Resources during the 2nd quarter worth approximately $33,000. Sierra Capital LLC acquired a new stake in EOG Resources during the 1st quarter worth approximately $27,000. North Star Investment Management Corp. raised its holdings in EOG Resources by 72.2% in the 2nd quarter. North Star Investment Management Corp. now owns 384 shares of the energy exploration company’s stock valued at $32,000 after acquiring an additional 161 shares in the last quarter. Optimum Investment Advisors acquired a new position in EOG Resources in the 2nd quarter valued at $33,000. Finally, Clearstead Advisors LLC raised its holdings in EOG Resources by 427.8% in the 1st quarter. Clearstead Advisors LLC now owns 475 shares of the energy exploration company’s stock valued at $34,000 after acquiring an additional 385 shares in the last quarter. 87.38% of the stock is owned by institutional investors and hedge funds.

Several brokerages have weighed in on EOG. Johnson Rice cut EOG Resources from an “accumulate” rating to a “hold” rating and lifted their price objective for the company from $88.00 to $105.00 in a report on Tuesday, June 8th. Mizuho dropped their price objective on EOG Resources from $112.00 to $110.00 and set a “buy” rating for the company in a report on Friday, August 13th. Tudor Pickering upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Monday. Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and set a $95.00 price target on the stock. in a research note on Thursday, July 15th. Finally, Sanford C. Bernstein lifted their price target on EOG Resources from $92.00 to $114.00 and gave the company an “outperform” rating in a research note on Monday, June 21st. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $87.33.

Shares of NYSE:EOG traded up $3.94 during midday trading on Wednesday, reaching $73.46. The company’s stock had a trading volume of 57,969 shares, compared to its average volume of 4,482,119. The firm has a market capitalization of $42.89 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 0.78 and a beta of 2.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.60 and a current ratio of 1.73. The firm has a 50 day moving average price of $71.08 and a two-hundred day moving average price of $75.25. EOG Resources, Inc. has a fifty-two week low of $31.22 and a fifty-two week high of $87.99.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Wednesday, August 4th. The energy exploration company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.19. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $3.68 billion. EOG Resources had a return on equity of 12.77% and a net margin of 14.40%. The firm’s revenue was up 275.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.23) EPS. As a group, research analysts anticipate that EOG Resources, Inc. will post 7.36 earnings per share for the current year.

About EOG Resources

EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad & Tobago, and Other International segments. The company was founded in 1985 and is headquartered in Houston, TX.

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

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