EOG Resources, Inc. (NYSE:EOG) Stake Raised by Angeles Wealth Management LLC

Angeles Wealth Management LLC grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 10.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,412 shares of the energy exploration company’s stock after purchasing an additional 323 shares during the period. Angeles Wealth Management LLC’s holdings in EOG Resources were worth $419,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Capital World Investors boosted its holdings in EOG Resources by 5.4% during the first quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company’s stock worth $3,423,869,000 after buying an additional 1,361,538 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of EOG Resources during the 2nd quarter valued at $106,990,000. Capital International Investors boosted its stake in shares of EOG Resources by 7.1% during the 1st quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock worth $1,478,401,000 after acquiring an additional 766,056 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of EOG Resources by 9.1% in the 2nd quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock worth $609,300,000 after acquiring an additional 403,676 shares during the last quarter. Finally, Capital Research Global Investors raised its position in shares of EOG Resources by 1.3% during the first quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock worth $3,693,261,000 after purchasing an additional 373,365 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on EOG shares. Truist Financial reduced their price objective on shares of EOG Resources from $130.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Scotiabank reduced their price target on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. KeyCorp lowered their price objective on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Evercore ISI reduced their target price on EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, September 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a research report on Monday, October 14th. Fourteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus price target of $141.20.

EOG Resources Stock Performance

Shares of EOG opened at $120.84 on Monday. The firm has a market cap of $68.71 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 3.21 and a beta of 1.28. The company’s fifty day moving average is $125.46 and its 200-day moving average is $126.21. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the prior year, the business posted $2.49 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Equities analysts expect that EOG Resources, Inc. will post 11.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is currently owned by 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.