EOG Resources, Inc. (NYSE:EOG) issued its quarterly 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, Bloomberg Earnings reports. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the business earned ($0.38) earnings per share. The firm’s revenue was up 47.1% on a year-over-year basis.
EOG Resources (NYSE EOG) traded up 0.85% during trading on Friday, hitting $84.09. The stock had a trading volume of 2,751,653 shares. The stock’s 50-day moving average is $90.89 and its 200-day moving average is $93.54. EOG Resources has a 52-week low of $83.29 and a 52-week high of $109.37. The stock’s market capitalization is $48.56 billion.
In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $88.22, for a total transaction of $352,880.00. Following the completion of the sale, the executive vice president now directly owns 70,987 shares in the company, valued at approximately $6,262,473.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.53% of the company’s stock.
Large investors have recently modified their holdings of the company. Macquarie Group Ltd. boosted its stake in EOG Resources by 44.2% in the fourth quarter. Macquarie Group Ltd. now owns 376,004 shares of the energy exploration company’s stock worth $38,014,000 after buying an additional 115,176 shares during the period. Atalanta Sosnoff Capital LLC boosted its stake in 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. Trust Co boosted its stake in EOG Resources by 0.8% in the fourth quarter. Trust Co now owns 3,403 shares of the energy exploration company’s stock worth $344,000 after buying an additional 26 shares during the period. Boltwood Capital Management boosted its stake in EOG Resources by 10.8% in the first quarter. Boltwood Capital Management now owns 5,385 shares of the energy exploration company’s stock worth $525,000 after buying an additional 525 shares during the period. Finally, Hills Bank & Trust Co. boosted its stake in EOG Resources by 1.1% in the first quarter. Hills Bank & Trust Co. now owns 19,574 shares of the energy exploration company’s stock worth $1,909,000 after buying an additional 213 shares during the period. Hedge funds and other institutional investors own 83.25% of the company’s stock.
EOG has been the topic of a number of recent research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of EOG Resources in a research report on Friday, July 7th. Stifel Nicolaus reiterated a “buy” rating and set a $111.00 price target on shares of EOG Resources in a research report on Friday, July 14th. Barclays PLC reiterated an “overweight” rating and set a $101.00 price target (up from $94.00) on shares of EOG Resources in a research report on Wednesday, August 9th. ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Citigroup Inc. cut shares of EOG Resources from a “buy” rating to a “neutral” rating and reduced their price target for the company from $112.00 to $98.00 in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $108.54.
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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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