Sequoia Financial Advisors LLC Has $1.71 Million Holdings in EOG Resources, Inc. $EOG

Key Points

• Sequoia Financial Advisors LLC increased its holdings in EOG Resources, Inc. by 35.3% in the second quarter, now owning 14,331 shares valued at approximately $1.71 million.
• Institutional investors collectively own 89.91% of EOG Resources' stock, with significant contributions from major funds like Vanguard Group and Charles Schwab.
• EOG Resources reported earnings of $2.32 per share for the last quarter, surpassing expectations and reflecting a 25.25% net margin despite a year-over-year revenue decline.

Sequoia Financial Advisors LLC raised its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 35.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 14,331 shares of the energy exploration company's stock after purchasing an additional 3,736 shares during the quarter. Sequoia Financial Advisors LLC's holdings in EOG Resources were worth $1,714,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in EOG Resources by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company's stock valued at $6,922,633,000 after purchasing an additional 348,895 shares during the period. Charles Schwab Investment Management Inc. increased its position in EOG Resources by 6.5% during 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 purchasing an additional 1,188,552 shares during the period. Northern Trust Corp increased its position in EOG Resources by 6.3% during the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company's stock valued at $779,433,000 after purchasing an additional 358,916 shares during the period. Alliancebernstein L.P. increased its position in EOG Resources by 3.9% during the 1st quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company's stock valued at $757,808,000 after purchasing an additional 223,294 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of EOG Resources by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company's stock worth $709,201,000 after buying an additional 60,454 shares during the period. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $107.23 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The stock's fifty day simple moving average is $116.78 and its two-hundred day simple moving average is $116.20. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The stock has a market cap of $58.55 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 8.47 and a beta of 0.74.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.48 billion for the quarter, compared to analysts' expectations of $5.45 billion. During the same period last year, the business earned $3.16 EPS. The business's revenue was down 9.1% on a year-over-year basis. As a group, analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wolfe Research reduced their price objective on shares of EOG Resources from $139.00 to $138.00 and set an "outperform" rating for the company in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of EOG Resources in a research report on Wednesday, October 8th. Morgan Stanley reduced their price objective on shares of EOG Resources from $141.00 to $136.00 and set an "equal weight" rating for the company in a research report on Tuesday. Raymond James Financial raised their price objective on shares of EOG Resources from $158.00 to $161.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 22nd. Finally, Argus downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price 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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