Broderick Brian C purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,150 shares of the energy exploration company’s stock, valued at approximately $1,101,000.
Other large investors have also recently bought and sold shares of the company. Israel Discount Bank of New York purchased a new position in EOG Resources during the first quarter worth approximately $556,000. First Citizens Bank & Trust Co. acquired a new position in EOG Resources during the first quarter valued at approximately $3,612,000. Morse Asset Management Inc purchased a new position in shares of EOG Resources during the first quarter valued at approximately $5,899,000. Atria Investments LLC increased its position in shares of EOG Resources by 35.1% in the first quarter. Atria Investments LLC now owns 4,988 shares of the energy exploration company’s stock valued at $487,000 after buying an additional 1,296 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC boosted its stake 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 during the period. 85.14% of the stock is currently owned by institutional investors.
EOG Resources, Inc. (EOG) traded down 0.66% on Friday, reaching $88.53. 2,874,157 shares of the company traded hands. EOG Resources, Inc. has a 52-week low of $85.88 and a 52-week high of $109.37. The firm’s market cap is $51.12 billion. The stock has a 50-day moving average price of $91.31 and a 200-day moving average price of $94.17.
EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by $0.02. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. EOG Resources’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.38) earnings per share. Analysts anticipate that EOG Resources, Inc. will post $0.59 earnings per share for the current fiscal year.
A number of analysts have recently commented on EOG shares. BMO Capital Markets restated a “buy” rating on shares of EOG Resources in a report on Tuesday, May 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $111.00 price target on shares of EOG Resources in a research report on Friday, May 26th. 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. Jefferies Group LLC reiterated a “hold” rating and set a $95.00 target price on shares of EOG Resources in a research report on Wednesday, May 17th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $109.00 target price on shares of EOG Resources in a research note on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $108.23.
About EOG Resources
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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