Howe & Rusling Inc. Sells 2,558 Shares of EOG Resources, Inc. $EOG

Key Points

• Howe & Rusling Inc. reduced its stake in EOG Resources by 4.7% during the first quarter, selling 2,558 shares and owning a total of 52,400 shares valued at $6,720,000.
• Analysts have set varying price targets for EOG Resources, with a consensus rating of "Moderate Buy" and an average price target of $143.52.
• The company's most recent quarterly earnings report showed a net income of $2.32 EPS, beating estimates and reflecting a year-over-year revenue decline of 9.1%.

Howe & Rusling Inc. cut its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 4.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,400 shares of the energy exploration company's stock after selling 2,558 shares during the quarter. Howe & Rusling Inc.'s holdings in EOG Resources were worth $6,720,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise bought a new stake in EOG Resources in the first quarter worth $26,000. Saudi Central Bank bought a new stake in EOG Resources in the first quarter worth $28,000. Alpine Bank Wealth Management bought a new stake in EOG Resources in the first quarter worth $34,000. Ameriflex Group Inc. bought a new stake in EOG Resources in the fourth quarter worth $36,000. Finally, WPG Advisers LLC bought a new stake in EOG Resources in the first quarter worth $36,000. 89.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Roth Capital lowered EOG Resources from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $140.00 to $134.00 in a research note on Wednesday, July 9th. KeyCorp reduced their target price on EOG Resources from $140.00 to $138.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 3rd. Susquehanna increased their target price on EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada reduced their target price on EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 8th. Finally, UBS Group increased 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 given a Hold rating to the company. According to MarketBeat, EOG Resources presently has a consensus rating of "Moderate Buy" and an average price target of $143.52.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $120.00 on Friday. The firm has a market cap of $65.52 billion, a P/E ratio of 11.66, a P/E/G ratio of 9.21 and a beta of 0.85. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The stock's fifty day moving average price is $119.92 and its 200-day moving average price is $118.27.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $5.48 billion for 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%.The business's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.16 earnings per share. On average, equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company's stock.

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.

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