Accel Wealth Management Sells 105 Shares of EOG Resources, Inc. $EOG

Accel Wealth Management trimmed its holdings in EOG Resources, Inc. (NYSE:EOG) by 5.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,735 shares of the energy exploration company’s stock after selling 105 shares during the quarter. Accel Wealth Management’s holdings in EOG Resources were worth $207,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Banque Cantonale Vaudoise bought a new stake in EOG Resources during the 1st quarter worth about $26,000. Saudi Central Bank bought a new stake in EOG Resources during the 1st quarter worth about $28,000. Raleigh Capital Management Inc. bought a new stake in EOG Resources during the 2nd quarter worth about $29,000. Alpine Bank Wealth Management bought a new stake in EOG Resources during the 1st quarter worth about $34,000. Finally, WPG Advisers LLC bought a new stake in EOG Resources during the 1st quarter worth about $36,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Performance

Shares of EOG stock opened at $110.66 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The stock has a market cap of $60.42 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 8.51 and a beta of 0.74. The stock has a 50-day moving average of $118.46 and a 200-day moving average of $117.16. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $5.45 billion. During the same period in the previous year, the firm earned $3.16 EPS. EOG Resources’s quarterly revenue was down 9.1% compared to the same quarter last year. As a group, sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on EOG. Mizuho dropped their price objective on EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Melius began coverage on EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective for the company. Royal Bank Of Canada dropped their price objective on EOG Resources from $145.00 to $140.00 and set an “outperform” rating for the company in a report on Tuesday, July 8th. JPMorgan Chase & Co. lowered their price target on EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average target price of $143.14.

About EOG Resources

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.