Morse Asset Management Inc lessened its stake in shares of EOG Resources Inc (NYSE:EOG) by 11.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,156 shares of the energy exploration company’s stock after selling 5,794 shares during the quarter. EOG Resources makes up approximately 1.2% of Morse Asset Management Inc’s portfolio, making the stock its 24th biggest position. Morse Asset Management Inc’s holdings in EOG Resources were worth $4,114,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Guidant Wealth Advisors raised its holdings in EOG Resources by 50.5% in the first quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock worth $29,000 after purchasing an additional 101 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in EOG Resources by 76.4% in the first quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 113 shares in the last quarter. Icon Wealth Partners LLC raised its holdings in EOG Resources by 9.7% in the first quarter. Icon Wealth Partners LLC now owns 1,288 shares of the energy exploration company’s stock worth $123,000 after purchasing an additional 114 shares in the last quarter. Advisory Services Network LLC raised its holdings in EOG Resources by 0.8% in the first quarter. Advisory Services Network LLC now owns 16,930 shares of the energy exploration company’s stock worth $1,611,000 after purchasing an additional 137 shares in the last quarter. Finally, RKL Wealth Management LLC raised its holdings in EOG Resources by 1.4% in the first quarter. RKL Wealth Management LLC now owns 10,467 shares of the energy exploration company’s stock worth $1,010,000 after purchasing an additional 145 shares in the last quarter. 87.01% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the company. Susquehanna Bancshares upgraded EOG Resources from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $107.00 to $115.00 in a report on Monday, May 6th. KeyCorp raised their price target on EOG Resources from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Wells Fargo & Co raised their price target on EOG Resources from $101.00 to $103.00 and gave the company an “outperform” rating in a report on Monday. JPMorgan Chase & Co. reduced their price target on EOG Resources from $115.00 to $109.00 and set an “overweight” rating for the company in a report on Friday, June 28th. Finally, Citigroup reduced their price target on EOG Resources from $120.00 to $116.00 and set a “buy” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $116.36.

EOG traded up $0.52 on Tuesday, hitting $78.44. 162,529 shares of the company’s stock traded hands, compared to its average volume of 3,990,098. The firm has a 50 day simple moving average of $86.48. The company has a market capitalization of $45.61 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 1.74 and a beta of 1.31. EOG Resources Inc has a one year low of $74.84 and a one year high of $133.53. The company has a current ratio of 1.02, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.02). EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. The business had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same period last year, the business posted $1.37 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities analysts predict that EOG Resources Inc will post 5.24 EPS for the current fiscal year.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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

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