Olistico Wealth LLC Sells 1,898 Shares of EOG Resources, Inc. $EOG

Olistico Wealth LLC trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 53.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,661 shares of the energy exploration company’s stock after selling 1,898 shares during the period. Olistico Wealth LLC’s holdings in EOG Resources were worth $199,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EOG. 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 valued at $6,922,633,000 after buying an additional 348,895 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of 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 acquiring an additional 1,188,552 shares in the last quarter. Northern Trust Corp boosted its position in shares of 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 acquiring an additional 358,916 shares in the last quarter. Alliancebernstein L.P. increased its stake in EOG Resources by 3.9% in 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 acquiring an additional 223,294 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in EOG Resources by 1.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company’s stock worth $709,201,000 after purchasing an additional 60,454 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Up 0.2%

Shares of NYSE EOG opened at $110.66 on Friday. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a 50-day moving average of $118.46 and a two-hundred day moving average of $117.21. The company has a market cap of $60.42 billion, a PE ratio of 10.75, a P/E/G ratio of 8.51 and a beta of 0.74. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating the consensus estimate 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 firm earned $3.16 earnings per share. EOG Resources’s revenue was down 9.1% compared to the same quarter last year. As a group, equities analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of recent research reports. Argus downgraded EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Jefferies Financial Group reiterated a “buy” rating and issued a $148.00 price target (up from $144.00) on shares of EOG Resources in a research report on Friday, June 13th. KeyCorp dropped their price objective on EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. Susquehanna boosted their target price on shares of EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada dropped their target price on shares of EOG Resources from $145.00 to $140.00 and set an “outperform” rating for the company in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average price target 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.