Ropes Wealth Advisors LLC Decreases Holdings in EOG Resources Inc (NYSE:EOG)

Ropes Wealth Advisors LLC reduced its stake in EOG Resources Inc (NYSE:EOG) by 10.2% during the second quarter, Holdings Channel.com reports. The firm owned 3,716 shares of the energy exploration company’s stock after selling 424 shares during the period. Ropes Wealth Advisors LLC’s holdings in EOG Resources were worth $346,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Valeo Financial Advisors LLC increased its stake in EOG Resources by 76.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 113 shares during the period. Wealthcare Advisory Partners LLC boosted its position in shares of EOG Resources by 131.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 275 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 156 shares in the last quarter. Guidant Wealth Advisors boosted its position in shares of EOG Resources by 50.5% during the first quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock valued at $29,000 after purchasing an additional 101 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of EOG Resources during the second quarter valued at approximately $33,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of EOG Resources during the second quarter valued at approximately $37,000. 87.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of EOG stock traded down $2.86 during mid-day trading on Wednesday, hitting $75.66. The company’s stock had a trading volume of 99,783 shares, compared to its average volume of 3,839,394. EOG Resources Inc has a 52-week low of $74.84 and a 52-week high of $133.53. The company has a 50-day moving average of $86.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.02. The firm has a market capitalization of $44.34 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 1.74 and a beta of 1.31.



EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.02). EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The business had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.41 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities research analysts predict that EOG Resources Inc will post 5.24 EPS for the current fiscal year.

Several equities research analysts have commented on the company. Susquehanna Bancshares raised EOG Resources from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $107.00 to $115.00 in a report on Monday, May 6th. ValuEngine downgraded EOG Resources from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Citigroup dropped their target price on EOG Resources from $120.00 to $116.00 and set a “buy” rating on the stock in a report on Tuesday. Wells Fargo & Co boosted their target price on EOG Resources from $101.00 to $103.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Goldman Sachs Group raised EOG Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $116.36.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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