EOG Resources, Inc. $EOG Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. has reduced its position in EOG Resources, Inc. by 40.8%, now holding 14,818 shares valued at approximately $1.775 million.
• EOG Resources reported an earnings per share of $2.32 for the latest quarter, exceeding estimates, but revenue declined by 9.1% year-over-year.
• Institutional investors own 89.91% of EOG Resources, indicating strong interest from major investment firms.

Atria Wealth Solutions Inc. reduced its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 40.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,818 shares of the energy exploration company's stock after selling 10,227 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in EOG Resources were worth $1,775,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EOG. Nuveen LLC acquired a new position in EOG Resources in the 1st quarter valued at about $451,908,000. Charles Schwab Investment Management Inc. grew its position in 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 valued at $2,485,402,000 after acquiring an additional 1,188,552 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in EOG Resources in the 1st quarter valued at about $81,752,000. LSV Asset Management grew its position in EOG Resources by 290.5% in the 1st quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company's stock valued at $88,158,000 after acquiring an additional 511,418 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in EOG Resources in the 1st quarter valued at about $52,273,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Price Performance

EOG stock opened at $108.65 on Thursday. The business has a 50 day moving average price of $116.95 and a 200 day moving average price of $116.35. The stock has a market cap of $59.32 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 8.48 and a beta of 0.74. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.18. The firm had revenue of $5.48 billion during the quarter, compared to analysts' expectations of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm's revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.16 earnings per share. Equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

EOG has been the subject of several research reports. JPMorgan Chase & Co. dropped their target price on EOG Resources from $132.00 to $131.00 and set a "neutral" rating for the company in a research report on Wednesday, October 1st. Raymond James Financial lifted their price objective on EOG Resources from $158.00 to $161.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 22nd. Jefferies Financial Group set a $145.00 price objective on EOG Resources in a research note on Sunday. Susquehanna lifted their price objective on EOG Resources from $156.00 to $170.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada lifted their price objective on EOG Resources from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $143.35.

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.

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