Clearview Wealth Advisors LLC Buys 1,086 Shares of EOG Resources, Inc. $EOG

Clearview Wealth Advisors LLC increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 62.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,825 shares of the energy exploration company’s stock after purchasing an additional 1,086 shares during the period. Clearview Wealth Advisors LLC’s holdings in EOG Resources were worth $338,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of EOG Resources by 0.7% during 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 buying an additional 348,895 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of EOG Resources by 6.5% in 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 acquiring an additional 1,188,552 shares during the period. Northern Trust Corp boosted its stake 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 worth $779,433,000 after acquiring an additional 358,916 shares during the last quarter. Alliancebernstein L.P. grew its holdings in EOG Resources by 3.9% during the first quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock valued at $757,808,000 after purchasing an additional 223,294 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in EOG Resources by 1.1% during the first 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 purchasing an additional 60,454 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Down 0.4%

NYSE:EOG opened at $108.65 on Thursday. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The firm has a market capitalization of $59.32 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 8.48 and a beta of 0.74. 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 stock’s 50 day moving average price is $116.95 and its two-hundred day moving average price is $116.35.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. The company had revenue of $5.48 billion for the quarter, compared to analysts’ expectations 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 prior year, the firm earned $3.16 EPS. Equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EOG. Mizuho reduced their price target on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Evercore ISI increased their target price on EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. KeyCorp reduced their price target on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. Royal Bank Of Canada upped their target price on shares of EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Finally, Scotiabank reissued a “sector perform” rating and issued a $130.00 price target on shares of EOG Resources in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $143.35.

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.