RKL Wealth Management LLC Sells 148 Shares of EOG Resources, Inc. $EOG

RKL Wealth Management LLC trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 0.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 21,137 shares of the energy exploration company’s stock after selling 148 shares during the quarter. RKL Wealth Management LLC’s holdings in EOG Resources were worth $2,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake 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 worth $6,922,633,000 after purchasing an additional 348,895 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of EOG Resources by 6.5% in 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 purchasing an additional 1,188,552 shares in the last quarter. Northern Trust Corp increased its stake in shares of EOG Resources by 6.3% in the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock worth $779,433,000 after purchasing an additional 358,916 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of EOG Resources by 3.9% in the 1st quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock worth $757,808,000 after purchasing an additional 223,294 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of EOG Resources by 1.1% in 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 purchasing an additional 60,454 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Stephens assumed coverage on EOG Resources in a research note on Tuesday, June 17th. They issued an “equal weight” rating and a $137.00 price objective for the company. KeyCorp reduced 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. Jefferies Financial Group restated a “buy” rating and issued a $148.00 price objective (up from $144.00) on shares of EOG Resources in a research note on Friday, June 13th. UBS Group increased their price target on EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Finally, Melius Research assumed coverage on EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $143.36.

EOG Resources Trading Down 0.7%

Shares of EOG stock opened at $111.28 on Thursday. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The firm has a market capitalization of $60.76 billion, a PE ratio of 10.81, a PEG ratio of 8.61 and a beta of 0.74. The stock has a fifty day simple moving average of $118.79 and a two-hundred day simple moving average of $117.44.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.18. The business had revenue of $5.48 billion during the quarter, compared to analyst estimates 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 for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.16 EPS. On average, analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

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.