1858 Wealth Management LLC Has $338,000 Stock Holdings in EOG Resources, Inc. $EOG

1858 Wealth Management LLC cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 68.4% in the 2nd quarter, Holdings Channel.com reports. The firm 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of 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 purchasing an additional 348,895 shares during the period. Charles Schwab Investment Management Inc. boosted its position in 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 worth $2,485,402,000 after acquiring an additional 1,188,552 shares during the last quarter. Northern Trust Corp boosted its position 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. boosted its position in EOG Resources by 3.9% during the 1st quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock worth $757,808,000 after acquiring an additional 223,294 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in EOG Resources by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company’s stock worth $709,201,000 after acquiring an additional 60,454 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Down 3.4%

EOG opened at $108.14 on Friday. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The stock’s fifty day simple moving average is $117.43 and its 200 day simple moving average is $116.64. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. 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.

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, beating analysts’ consensus estimates of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. During the same quarter in the prior year, the business earned $3.16 EPS. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on EOG. Scotiabank reaffirmed a “sector perform” rating and set a $130.00 price target on shares of EOG Resources in a research report on Friday, September 26th. Royal Bank Of Canada upped their price target on EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Wolfe Research reduced their price target on EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Raymond James Financial upped their price target on EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 22nd. Finally, Piper Sandler reduced their price target on EOG Resources from $138.00 to $136.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, EOG Resources presently has a consensus rating of “Hold” and a consensus price target 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.