1858 Wealth Management LLC Sells 6,101 Shares of EOG Resources, Inc. $EOG

1858 Wealth Management LLC trimmed its holdings in EOG Resources, Inc. (NYSE:EOG) by 68.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,825 shares of the energy exploration company’s stock after selling 6,101 shares during the quarter. 1858 Wealth Management LLC’s holdings in EOG Resources were worth $338,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Apollon Wealth Management LLC raised its holdings in shares of EOG Resources by 1.9% in the second quarter. Apollon Wealth Management LLC now owns 27,613 shares of the energy exploration company’s stock valued at $3,303,000 after buying an additional 520 shares during the last quarter. Keener Financial Planning LLC bought a new position in shares of EOG Resources in the second quarter valued at about $35,000. Fifth Third Wealth Advisors LLC raised its holdings in shares of EOG Resources by 15.3% in the second quarter. Fifth Third Wealth Advisors LLC now owns 9,116 shares of the energy exploration company’s stock valued at $1,090,000 after buying an additional 1,207 shares during the last quarter. Richardson Financial Services Inc. raised its holdings in shares of EOG Resources by 2.0% in the second quarter. Richardson Financial Services Inc. now owns 5,032 shares of the energy exploration company’s stock valued at $610,000 after buying an additional 98 shares during the last quarter. Finally, Fulcrum Capital LLC raised its holdings in shares of EOG Resources by 2.0% in the second quarter. Fulcrum Capital LLC now owns 45,778 shares of the energy exploration company’s stock valued at $5,476,000 after buying an additional 883 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Performance

Shares of EOG stock opened at $108.14 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The stock has a market cap of $59.04 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 8.35 and a beta of 0.74. The stock has a 50-day moving average of $117.43 and a 200-day moving average of $116.64. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. The company had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.EOG Resources’s revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.16 EPS. As a group, sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EOG. Melius Research initiated coverage on EOG Resources in a report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price target for the company. Piper Sandler dropped their price objective on EOG Resources from $138.00 to $136.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. JPMorgan Chase & Co. dropped their price objective on EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a report on Wednesday. Finally, Susquehanna boosted their price objective on EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $143.43.

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.