Wealth Alliance Sells 254 Shares of EOG Resources, Inc. (NYSE:EOG)

Wealth Alliance decreased its holdings in EOG Resources, Inc. (NYSE:EOGFree Report) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,564 shares of the energy exploration company’s stock after selling 254 shares during the quarter. Wealth Alliance’s holdings in EOG Resources were worth $705,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp grew its holdings in shares of EOG Resources by 2.8% in the 1st quarter. State Street Corp now owns 36,299,584 shares of the energy exploration company’s stock worth $4,161,014,000 after purchasing an additional 1,005,328 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of EOG Resources by 11.0% in the 2nd quarter. Capital Research Global Investors now owns 33,923,655 shares of the energy exploration company’s stock worth $3,882,219,000 after purchasing an additional 3,348,650 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of EOG Resources by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company’s stock worth $1,639,903,000 after purchasing an additional 145,691 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of EOG Resources by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 12,183,166 shares of the energy exploration company’s stock worth $1,391,507,000 after purchasing an additional 368,745 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of EOG Resources by 1.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 10,475,545 shares of the energy exploration company’s stock worth $1,198,821,000 after purchasing an additional 197,796 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $111.05 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 2.43. The company has a market capitalization of $64.76 billion, a P/E ratio of 8.25, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. The company’s 50 day moving average price is $117.17 and its two-hundred day moving average price is $124.13. EOG Resources, Inc. has a 52 week low of $98.52 and a 52 week high of $136.79.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Sanford C. Bernstein lowered shares of EOG Resources from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $155.00 to $146.00 in a report on Tuesday, October 17th. Morgan Stanley lowered shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $134.00 price objective on the stock. in a report on Monday, December 11th. UBS Group decreased their price objective on shares of EOG Resources from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, December 14th. Stifel Nicolaus decreased their price objective on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Finally, Raymond James decreased their price objective on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $143.50.

Read Our Latest Stock Analysis on EOG Resources

About EOG Resources

(Free Report)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.

See Also

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

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