Atria Investments Inc Reduces Stock Position in EOG Resources, Inc. $EOG

Atria Investments Inc reduced its holdings in EOG Resources, Inc. (NYSE:EOG) by 4.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 36,212 shares of the energy exploration company’s stock after selling 1,853 shares during the period. Atria Investments Inc’s holdings in EOG Resources were worth $4,331,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new position in shares of EOG Resources in the 1st quarter worth $26,000. Saudi Central Bank purchased a new position in shares of EOG Resources in the 1st quarter worth $28,000. Caitong International Asset Management Co. Ltd grew its stake in shares of EOG Resources by 10,950.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after buying an additional 219 shares in the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of EOG Resources in the 2nd quarter worth $29,000. Finally, WPG Advisers LLC purchased a new position in shares of EOG Resources in the 1st quarter worth $36,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. The Goldman Sachs Group dropped their price objective on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Jefferies Financial Group set a $145.00 target price on shares of EOG Resources in a report on Sunday, October 12th. Susquehanna raised their target price on shares of EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. Scotiabank restated a “sector perform” rating and issued a $130.00 target price on shares of EOG Resources in a report on Friday, September 26th. Finally, Melius initiated coverage on shares of EOG Resources in a report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $140.76.

EOG Resources Trading Up 0.4%

Shares of EOG opened at $105.85 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 $114.13 and a 200 day moving average of $115.76. The firm has a market capitalization of $57.79 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 8.20 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data 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 net margin of 25.25% and a return on equity of 20.51%. The company had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same quarter last year, the business posted $3.16 EPS. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current 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.