AQR Capital Management LLC decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 47.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 104,760 shares of the energy exploration company’s stock after selling 96,438 shares during the period. AQR Capital Management LLC’s holdings in EOG Resources were worth $10,219,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of EOG. BlackRock Inc. boosted its stake in shares of EOG Resources by 2,098.0% in the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock worth $3,486,473,000 after buying an additional 34,114,299 shares in the last quarter. Jennison Associates LLC raised its position in shares of EOG Resources by 35.3% in the first quarter. Jennison Associates LLC now owns 6,971,347 shares of the energy exploration company’s stock worth $680,055,000 after buying an additional 1,816,980 shares in the last quarter. Morgan Stanley raised its position in shares of EOG Resources by 18.3% in the first quarter. Morgan Stanley now owns 3,976,148 shares of the energy exploration company’s stock worth $387,872,000 after buying an additional 614,945 shares in the last quarter. Atalanta Sosnoff Capital LLC raised its position in shares of EOG Resources by 17,593.3% in the first quarter. Atalanta Sosnoff Capital LLC now owns 590,955 shares of the energy exploration company’s stock worth $57,647,000 after buying an additional 587,615 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of EOG Resources by 14.9% in the first quarter. American Century Companies Inc. now owns 4,434,418 shares of the energy exploration company’s stock worth $432,577,000 after buying an additional 576,162 shares in the last quarter. Hedge funds and other institutional investors own 83.25% of the company’s stock.
Shares of EOG Resources, Inc. (NYSE EOG) traded up 0.85% during trading on Friday, reaching $84.09. 2,751,628 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $91.06 and its 200-day moving average price is $93.66. The stock’s market cap is $48.56 billion. EOG Resources, Inc. has a 52-week low of $83.29 and a 52-week high of $109.37.
EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.02. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the previous year, the firm earned ($0.38) earnings per share. The company’s revenue was up 47.1% compared to the same quarter last year. On average, equities research analysts forecast that EOG Resources, Inc. will post $0.61 EPS for the current year.
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Several research firms recently issued reports on EOG. Stifel Nicolaus reissued a “buy” rating and issued a $111.00 price target on shares of EOG Resources in a research report on Friday, May 26th. Scotiabank reissued a “hold” rating and issued a $109.00 price target on shares of EOG Resources in a research report on Tuesday, May 16th. Credit Suisse Group set a $108.00 price target on shares of EOG Resources and gave the stock a “hold” rating in a research report on Friday, June 2nd. Barclays PLC reissued an “overweight” rating and issued a $101.00 price target (up previously from $94.00) on shares of EOG Resources in a research report on Thursday, August 3rd. Finally, Wells Fargo & Company raised shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Wednesday, May 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have issued a buy rating to the stock. EOG Resources currently has a consensus rating of “Buy” and an average target price of $108.54.
In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $88.22, for a total value of $352,880.00. Following the sale, the executive vice president now directly owns 70,987 shares of the company’s stock, valued at approximately $6,262,473.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.53% of the company’s stock.
EOG Resources Company Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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