Ashton Thomas Private Wealth LLC Grows Position in EOG Resources, Inc. $EOG

Ashton Thomas Private Wealth LLC lifted its stake in EOG Resources, Inc. (NYSE:EOG) by 7.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,797 shares of the energy exploration company’s stock after purchasing an additional 4,540 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in EOG Resources were worth $7,153,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Hemington Wealth Management lifted its position in EOG Resources by 7.2% during the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after acquiring an additional 93 shares during the last quarter. apricus wealth LLC lifted its holdings in shares of EOG Resources by 5.0% during the 3rd quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock valued at $224,000 after purchasing an additional 95 shares during the last quarter. Sowell Financial Services LLC lifted its holdings in shares of EOG Resources by 1.6% during the 3rd quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock valued at $699,000 after purchasing an additional 96 shares during the last quarter. Richardson Financial Services Inc. boosted its position in shares of EOG Resources by 2.0% in the 2nd quarter. Richardson Financial Services Inc. now owns 5,032 shares of the energy exploration company’s stock worth $610,000 after purchasing an additional 98 shares in the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its stake in EOG Resources by 7.1% during the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 1,500 shares of the energy exploration company’s stock worth $179,000 after buying an additional 100 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wells Fargo & Company reiterated an “overweight” rating and issued a $127.00 price target (up from $126.00) on shares of EOG Resources in a research note on Tuesday, January 27th. KeyCorp lowered shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a research report on Friday, January 16th. Citigroup reissued a “neutral” rating and set a $115.00 target price (down previously from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $153.00 price target on shares of EOG Resources in a report on Wednesday, December 3rd. Finally, Zacks Research downgraded shares of EOG Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. 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 given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $134.07.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following 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 legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by insiders.

EOG Resources Stock Up 3.8%

EOG Resources stock opened at $114.59 on Thursday. The firm has a market cap of $62.18 billion, a price-to-earnings ratio of 11.41 and a beta of 0.49. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $135.87. The business’s 50-day moving average price is $107.22 and its 200 day moving average price is $111.59. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The firm had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the prior year, the firm posted $2.89 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate 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.