Ellsworth Advisors LLC Buys 164 Shares of EOG Resources, Inc. $EOG

Ellsworth Advisors LLC raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,829 shares of the energy exploration company’s stock after buying an additional 164 shares during the period. Ellsworth Advisors LLC’s holdings in EOG Resources were worth $1,773,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EOG. Banque Cantonale Vaudoise bought a new position in EOG Resources during the first quarter valued at about $26,000. Saudi Central Bank bought a new position in EOG Resources during the first quarter valued at about $28,000. Alpine Bank Wealth Management bought a new position in EOG Resources during the first quarter valued at about $34,000. Ameriflex Group Inc. bought a new position in EOG Resources during the fourth quarter valued at about $36,000. Finally, WPG Advisers LLC bought a new position in EOG Resources during the first quarter valued at about $36,000. 89.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the sale, the chief operating officer directly owned 45,739 shares of the company’s stock, valued at $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EOG has been the topic of several recent research reports. Argus lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. KeyCorp dropped their price objective on EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 3rd. Susquehanna lifted their price objective on EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Barclays lifted their price objective on EOG Resources from $137.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, June 2nd. Finally, Piper Sandler dropped their price objective on EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and a consensus price target of $143.52.

EOG Resources Stock Up 2.4%

EOG stock opened at $120.17 on Thursday. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a market cap of $65.61 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 8.98 and a beta of 0.85. The business’s 50-day simple moving average is $120.01 and its 200 day simple moving average is $118.37. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same period last year, the business earned $3.16 earnings per share. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

About EOG Resources

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.