Acropolis Investment Management LLC Cuts Stock Holdings in EOG Resources, Inc. $EOG

Key Points

• Acropolis Investment Management LLC reduced its stake in EOG Resources, Inc. by 34.2% in the second quarter, holding 4,201 shares valued at approximately $502,000.
• EOG Resources reported earnings of $2.32 per share for the quarter, exceeding expectations, but its revenue was down 9.1% compared to the previous year.
• The stock has experienced a decrease of 2.2% recently, with Wall Street analysts providing a consensus price target of $143.48 and a moderate buy rating.

Acropolis Investment Management LLC lowered its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 34.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,201 shares of the energy exploration company's stock after selling 2,185 shares during the quarter. Acropolis Investment Management LLC's holdings in EOG Resources were worth $502,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Banque Cantonale Vaudoise purchased a new stake in shares of EOG Resources during the first quarter valued at $26,000. Saudi Central Bank bought a new stake in EOG Resources during the 1st quarter valued at approximately $28,000. Alpine Bank Wealth Management acquired a new position in EOG Resources during the 1st quarter valued at $34,000. Ameriflex Group Inc. acquired a new stake in EOG Resources during the fourth quarter worth $36,000. Finally, WPG Advisers LLC acquired a new stake in shares of EOG Resources during the 1st quarter worth about $36,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on EOG shares. Argus lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a report on Monday, August 25th. Stephens began coverage on EOG Resources in a research note on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 price objective on the stock. Royal Bank Of Canada lowered their price target on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a report on Tuesday, July 8th. Mizuho cut their price objective on shares of EOG Resources from $140.00 to $133.00 and set a "neutral" rating for the company in a report on Monday, September 15th. Finally, UBS Group upped their target price on EOG Resources from $142.00 to $144.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat.com, EOG Resources has a consensus rating of "Moderate Buy" and a consensus target price of $143.48.

EOG Resources Stock Down 0.4%

EOG stock traded down $0.48 during trading on Monday, reaching $115.52. The stock had a trading volume of 2,929,465 shares, compared to its average volume of 2,510,927. The company has a market capitalization of $63.07 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 8.92 and a beta of 0.85. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The company's 50 day moving average is $119.29 and its two-hundred day moving average is $117.80. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $5.45 billion. During the same period in the prior year, the firm earned $3.16 earnings per share. The company's revenue was down 9.1% compared to the same quarter last year. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the sale, the chief operating officer owned 45,739 shares in the company, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

EOG Resources 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.