Menora Mivtachim Holdings LTD. bought a new position in EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 333,500 shares of the energy exploration company’s stock, valued at approximately $30,188,000. EOG Resources makes up approximately 1.4% of Menora Mivtachim Holdings LTD.’s portfolio, making the stock its 28th largest position. Menora Mivtachim Holdings LTD. owned about 0.06% of EOG Resources at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of EOG. Israel Discount Bank of New York purchased a new position in shares of EOG Resources during the first quarter worth approximately $556,000. First Citizens Bank & Trust Co. purchased a new position in shares of EOG Resources during the first quarter worth approximately $3,612,000. Morse Asset Management Inc purchased a new position in shares of EOG Resources during the first quarter worth approximately $5,899,000. Schwab Charles Investment Management Inc. increased its position in shares of EOG Resources by 1.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,810,291 shares of the energy exploration company’s stock worth $176,594,000 after buying an additional 31,630 shares during the last quarter. Finally, Engineers Gate Manager LP increased 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 worth $2,937,000 after buying an additional 13,304 shares during the last quarter. Hedge funds and other institutional investors own 83.25% of the company’s stock.
Shares of EOG Resources, Inc. (NYSE EOG) opened at 83.38 on Friday. The company’s 50-day moving average is $91.06 and its 200-day moving average is $93.66. The firm’s market cap is $48.15 billion. EOG Resources, Inc. has a 12 month low of $83.37 and a 12 month high of $109.37.
EOG Resources (NYSE:EOG) last released its earnings results 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 business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The firm’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.38) earnings per share. On average, equities research analysts forecast that EOG Resources, Inc. will post $0.61 earnings per share for the current fiscal year.
Several research firms have issued reports on EOG. FBR & Co set a $122.00 price objective on shares of EOG Resources and gave the company an “outperform” rating in a research note on Wednesday, May 17th. Stifel Nicolaus restated a “buy” rating and issued a $111.00 price objective on shares of EOG Resources in a research note on Friday, May 26th. Zacks Investment Research upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Piper Jaffray Companies restated an “overweight” rating and issued a $114.00 price objective on shares of EOG Resources in a research note on Wednesday, May 31st. Finally, BidaskClub upgraded shares of EOG Resources from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have assigned a buy rating to the stock. EOG Resources currently has an average rating of “Buy” and a consensus target price of $108.54.
In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of EOG Resources 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 of the company’s stock, valued at $6,262,473.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company 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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