BARING ASSET MANAGEMENT Ltd boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 196,651 shares of the energy exploration company’s stock after buying an additional 1,593 shares during the period. EOG Resources comprises about 1.2% of BARING ASSET MANAGEMENT Ltd’s holdings, making the stock its 17th largest position. BARING ASSET MANAGEMENT Ltd’s holdings in EOG Resources were worth $17,802,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. IHT Wealth Management LLC boosted its position in shares of EOG Resources by 4.1% in the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock valued at $101,000 after buying an additional 41 shares in the last quarter. Winfield Associates Inc. boosted its position in shares of EOG Resources by 1.7% in the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock valued at $103,000 after buying an additional 19 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of EOG Resources by 60.0% in the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock valued at $104,000 after buying an additional 401 shares in the last quarter. Advantage Investment Management LLC boosted its position in shares of EOG Resources by 16.6% in the first quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock valued at $105,000 after buying an additional 154 shares in the last quarter. Finally, Exane Derivatives boosted its position in shares of EOG Resources by 19.8% in the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock valued at $105,000 after buying an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.
EOG Resources, Inc. (NYSE EOG) opened at 84.51 on Monday. The company’s market cap is $48.80 billion. The company’s 50-day moving average is $90.04 and its 200-day moving average is $92.96. EOG Resources, Inc. has a 12 month low of $83.29 and a 12 month high of $109.37.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.38) earnings per share. On average, equities research analysts expect that EOG Resources, Inc. will post $0.61 EPS for the current fiscal year.
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Several equities analysts recently issued reports on EOG shares. Stifel Nicolaus reiterated a “buy” rating and set a $111.00 price target on shares of EOG Resources in a research report on Friday, May 26th. BMO Capital Markets reiterated a “buy” rating on shares of EOG Resources in a research report on Tuesday, May 9th. ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Credit Suisse Group set a $108.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $95.00 price target on shares of EOG Resources in a research report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. EOG Resources presently has a consensus rating of “Buy” and a consensus target price of $108.54.
In other EOG Resources news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 70,987 shares in the company, valued at $6,262,473.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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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