North American Management Corp maintained its position in shares of EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,718 shares of the energy exploration company’s stock at the end of the second quarter. North American Management Corp’s holdings in EOG Resources were worth $337,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position 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 during the last quarter. Norges Bank purchased a new stake in EOG Resources during the fourth quarter worth $494,429,000. Jennison Associates LLC raised its stake in 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 during the period. Janus Capital Management LLC raised its stake in EOG Resources by 218.4% in the first quarter. Janus Capital Management LLC now owns 1,176,906 shares of the energy exploration company’s stock worth $114,807,000 after buying an additional 807,243 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in EOG Resources by 124.6% in the first quarter. Point72 Asset Management L.P. now owns 1,333,534 shares of the energy exploration company’s stock worth $130,086,000 after buying an additional 739,890 shares during the period. 85.14% of the stock is owned by hedge funds and other institutional investors.
EOG Resources, Inc. (EOG) opened at 88.53 on Friday. The firm’s market capitalization is $51.12 billion. The stock has a 50 day moving average of $91.31 and a 200 day moving average of $94.17. EOG Resources, Inc. has a one year low of $85.88 and a one year high of $109.37.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 0.68% and a negative net margin of 2.88%. The company’s quarterly revenue was up 47.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.38) EPS. Analysts forecast that EOG Resources, Inc. will post $0.59 earnings per share for the current year.
A number of equities analysts have recently commented on the stock. BMO Capital Markets reaffirmed a “buy” rating on shares of EOG Resources in a research report on Tuesday, May 9th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $109.00 target price on shares of EOG Resources in a research report on Tuesday, April 25th. Wells Fargo & Company raised shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Wednesday, May 10th. Scotiabank set a $100.00 price objective on shares of EOG Resources and gave the company a “hold” rating in a report on Saturday, July 1st. Finally, Barclays PLC lifted their price objective on shares of EOG Resources from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Wednesday, May 10th. One research 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 presently has an average rating of “Buy” and a consensus price target 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.
What are top analysts saying about EOG Resources Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for EOG Resources Inc. and related companies.