Aveo Capital Partners LLC Lowers Stake in EOG Resources, Inc. (EOG)

Aveo Capital Partners LLC cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,483 shares of the energy exploration company’s stock after selling 148 shares during the period. Aveo Capital Partners LLC’s holdings in EOG Resources were worth $242,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. raised 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 valued at $3,486,473,000 after buying an additional 34,114,299 shares during the last quarter. Jennison Associates LLC raised its position in shares of 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 valued at $680,055,000 after buying an additional 1,816,980 shares during the last quarter. Morgan Stanley raised its position in shares of EOG Resources by 18.3% in the first quarter. Morgan Stanley now owns 3,976,148 shares of the energy exploration company’s stock valued at $387,872,000 after buying an additional 614,945 shares during the last quarter. Atalanta Sosnoff Capital LLC raised its position 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 valued at $57,647,000 after buying an additional 587,615 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of EOG Resources by 14.9% in the first quarter. American Century Companies Inc. now owns 4,434,418 shares of the energy exploration company’s stock valued at $432,577,000 after buying an additional 576,162 shares during the last quarter. Institutional investors own 83.25% of the company’s stock.

EOG Resources, Inc. (NYSE:EOG) traded up 0.85% during midday trading on Friday, hitting $84.09. The company’s stock had a trading volume of 2,751,653 shares. The firm’s market cap is $48.56 billion. The company’s 50 day moving average price is $90.89 and its 200 day moving average price is $93.54. 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 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 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) EPS. Analysts expect that EOG Resources, Inc. will post $0.61 EPS for the current year.

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Several equities analysts have recently issued reports on EOG shares. Raymond James Financial, Inc. upgraded EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Wednesday, May 10th. Wells Fargo & Company raised EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Wednesday, May 10th. Royal Bank Of Canada set a $115.00 price objective on EOG Resources and gave the company a “hold” rating in a report on Sunday, July 16th. Barclays PLC raised their price objective on EOG Resources from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Wednesday, May 10th. Finally, Citigroup Inc. downgraded EOG Resources from a “buy” rating to a “neutral” rating and cut their price objective for the company from $112.00 to $98.00 in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock currently 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 business’s stock in a transaction 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 sale, the executive vice president now owns 70,987 shares in the company, valued at approximately $6,262,473.14. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.53% of the stock is owned by insiders.

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.

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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