Integrated Wealth Concepts LLC Grows Holdings in EOG Resources, Inc. $EOG

Integrated Wealth Concepts LLC increased its position in EOG Resources, Inc. (NYSE:EOG) by 15.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,438 shares of the energy exploration company’s stock after acquiring an additional 853 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in EOG Resources were worth $826,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in EOG Resources by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock worth $6,922,633,000 after acquiring an additional 348,895 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in EOG Resources by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock valued at $2,485,402,000 after buying an additional 1,188,552 shares in the last quarter. Northern Trust Corp grew its holdings in EOG Resources by 6.3% during the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock valued at $779,433,000 after buying an additional 358,916 shares in the last quarter. Alliancebernstein L.P. grew its holdings in EOG Resources by 3.9% during the 1st quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock valued at $757,808,000 after buying an additional 223,294 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in EOG Resources by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company’s stock valued at $709,201,000 after buying an additional 60,454 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EOG. Raymond James Financial raised their price objective on EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 22nd. KeyCorp cut their price objective on EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. Roth Capital lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and cut their target price for the company from $140.00 to $134.00 in a report on Wednesday, July 9th. Melius started coverage on shares of EOG Resources in a report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 target price for the company. Finally, Argus lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, EOG Resources has a consensus rating of “Moderate Buy” and an average price target of $143.52.

EOG Resources Stock Down 0.2%

NYSE EOG opened at $120.00 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $119.92 and a two-hundred day moving average of $118.27. The firm has a market capitalization of $65.52 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 9.21 and a beta of 0.85. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18.

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

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the sale, the chief operating officer directly owned 45,739 shares in the company, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

EOG Resources Company 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.