Sit Investment Associates Inc. increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,987 shares of the energy exploration company’s stock after buying an additional 42 shares during the period. Sit Investment Associates Inc.’s holdings in EOG Resources were worth $1,085,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in EOG. Israel Discount Bank of New York bought a new position in shares of EOG Resources during the first quarter valued at approximately $556,000. UBS Asset Management Americas Inc. increased its stake in shares of EOG Resources by 2.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,185,625 shares of the energy exploration company’s stock valued at $322,067,000 after buying an additional 70,513 shares during the last quarter. First Citizens Bank & Trust Co. bought a new stake in shares of EOG Resources during the first quarter valued at about $3,612,000. Morse Asset Management Inc bought a new stake in shares of EOG Resources during the first quarter valued at about $5,899,000. Finally, Atria Investments LLC increased its stake 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. Institutional investors own 83.25% of the company’s stock.
Shares of EOG Resources, Inc. (NYSE EOG) traded up 0.85% during mid-day trading on Friday, reaching $84.09. The company’s stock had a trading volume of 2,751,653 shares. The company has a 50-day moving average of $90.89 and a 200-day moving average of $93.54. The firm’s market cap is $48.56 billion. EOG Resources, Inc. has a 12 month low of $83.29 and a 12 month high of $109.37.
EOG Resources (NYSE:EOG) last posted its 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 firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. EOG Resources’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.38) earnings per share. On average, analysts predict that EOG Resources, Inc. will post $0.61 earnings per share for the current year.
Several brokerages have recently issued reports on EOG. Wells Fargo & Company upgraded shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Wednesday, May 10th. BMO Capital Markets restated a “buy” rating on shares of EOG Resources in a research note on Tuesday, May 9th. Royal Bank Of Canada restated a “hold” rating and issued a $109.00 price objective on shares of EOG Resources in a research note on Tuesday, April 25th. Scotiabank set a $100.00 price objective on shares of EOG Resources and gave the stock a “hold” rating in a research note on Saturday, July 1st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $101.00 price objective on shares of EOG Resources in a research note on Wednesday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-three have assigned a buy rating to the stock. The company has an average 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 stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $88.22, for a total value of $352,880.00. Following the completion of the transaction, the executive vice president now directly owns 70,987 shares in the company, valued at $6,262,473.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is currently owned by company 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.
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