Envestnet Asset Management Inc. Has $269.61 Million Stock Holdings in EOG Resources, Inc. $EOG

Envestnet Asset Management Inc. grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,404,655 shares of the energy exploration company’s stock after buying an additional 76,967 shares during the quarter. Envestnet Asset Management Inc. owned 0.44% of EOG Resources worth $269,610,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Sivia Capital Partners LLC bought a new position in shares of EOG Resources in the second quarter valued at approximately $258,000. Valeo Financial Advisors LLC raised its position in EOG Resources by 11.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 4,887 shares of the energy exploration company’s stock valued at $585,000 after buying an additional 490 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in EOG Resources during the 2nd quarter valued at $203,000. Sax Wealth Advisors LLC boosted its holdings in EOG Resources by 23.3% during the 2nd quarter. Sax Wealth Advisors LLC now owns 4,479 shares of the energy exploration company’s stock worth $536,000 after acquiring an additional 846 shares during the last quarter. Finally, Clear Creek Financial Management LLC boosted its holdings in EOG Resources by 2.5% during the 2nd quarter. Clear Creek Financial Management LLC now owns 6,997 shares of the energy exploration company’s stock worth $837,000 after acquiring an additional 171 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on EOG. Wells Fargo & Company reissued an “overweight” rating and set a $127.00 price target (up from $126.00) on shares of EOG Resources in a research report on Tuesday, January 27th. BMO Capital Markets dropped their target price on shares of EOG Resources from $126.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Royal Bank Of Canada set a $138.00 target price on EOG Resources and gave the company an “outperform” rating in a report on Tuesday, January 13th. Capital One Financial dropped their price target on EOG Resources from $131.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $153.00 price objective on shares of EOG Resources in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $134.07.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the transaction, the chief operating officer owned 54,979 shares in the company, valued at $5,810,180.72. This trade represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by insiders.

EOG Resources Stock Performance

NYSE:EOG opened at $112.48 on Friday. The company has a market capitalization of $61.03 billion, a P/E ratio of 11.20 and a beta of 0.49. The business has a fifty day simple moving average of $107.35 and a two-hundred day simple moving average of $111.60. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $135.87.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the company earned $2.89 EPS. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.