Beese Fulmer Investment Management Inc. increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,165 shares of the energy exploration company’s stock after buying an additional 1,614 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in EOG Resources were worth $4,360,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Israel Discount Bank of New York acquired a new position in shares of EOG Resources during the first quarter valued at about $556,000. First Citizens Bank & Trust Co. acquired a new position in shares of EOG Resources during the first quarter valued at about $3,612,000. Morse Asset Management Inc acquired a new position in shares of EOG Resources during the first quarter valued at about $5,899,000. Atria Investments LLC raised 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, Engineers Gate Manager LP raised its position in shares of EOG Resources by 79.2% in the first quarter. Engineers Gate Manager LP now owns 30,107 shares of the energy exploration company’s stock valued at $2,937,000 after buying an additional 13,304 shares during the last quarter. 85.14% of the stock is owned by hedge funds and other institutional investors.
EOG Resources, Inc. (EOG) traded down 0.91% on Friday, reaching $88.31. 1,330,176 shares of the company were exchanged. The stock has a 50-day moving average price of $91.29 and a 200 day moving average price of $94.28. The stock’s market capitalization is $50.99 billion. EOG Resources, Inc. has a 52 week low of $85.88 and a 52 week high of $109.37.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $2.51 billion. During the same period in the previous year, the business posted ($0.38) earnings per share. The company’s revenue for the quarter was up 47.1% on a year-over-year basis. Analysts forecast that EOG Resources, Inc. will post $0.59 earnings per share for the current year.
EOG has been the topic of several research reports. BMO Capital Markets reissued a “buy” rating on shares of EOG Resources in a report on Tuesday, May 9th. Stifel Nicolaus reissued a “buy” rating and set a $111.00 price objective on shares of EOG Resources in a report on Friday, May 26th. Credit Suisse Group set a $108.00 price objective on shares of EOG Resources and gave the company a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC reissued a “hold” rating and set a $95.00 price objective on shares of EOG Resources in a report on Wednesday, May 17th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $109.00 price objective on shares of EOG Resources in a report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $108.23.
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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