EOG Resources, Inc. $EOG Shares Sold by Ascent Group LLC

Ascent Group LLC cut its position in EOG Resources, Inc. (NYSE:EOG) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,511 shares of the energy exploration company’s stock after selling 861 shares during the quarter. Ascent Group LLC’s holdings in EOG Resources were worth $2,812,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new position in shares of EOG Resources in the 1st quarter valued at $26,000. Saudi Central Bank acquired a new position in shares of EOG Resources in the 1st quarter valued at $28,000. Raleigh Capital Management Inc. acquired a new position in shares of EOG Resources in the 2nd quarter valued at $29,000. Alpine Bank Wealth Management acquired a new position in shares of EOG Resources in the 1st quarter valued at $34,000. Finally, ORG Partners LLC increased its holdings in shares of EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after acquiring an additional 88 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

NYSE:EOG opened at $110.66 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. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The stock has a market cap of $60.42 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 8.51 and a beta of 0.74. The firm’s fifty day simple moving average is $118.46 and its 200-day simple moving average is $117.21.

EOG Resources (NYSE:EOG) last posted its quarterly 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 net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. During the same period in the prior year, the company posted $3.16 EPS. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. Analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on EOG shares. Argus cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a report on Saturday, September 27th. Mizuho cut their target price on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Raymond James Financial boosted their price objective on shares of EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus target price of $143.14.

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.