Bronfman E.L. Rothschild L.P. grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 11.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,684 shares of the energy exploration company’s stock after buying an additional 575 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in EOG Resources were worth $515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Israel Discount Bank of New York purchased a new stake in EOG Resources during the 1st quarter worth about $556,000. Morse Asset Management Inc purchased a new stake in shares of EOG Resources in the 1st quarter valued at about $5,899,000. Arosa Capital Management LP purchased a new stake in shares of EOG Resources in the 1st quarter valued at about $13,828,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of EOG Resources by 1.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,810,291 shares of the energy exploration company’s stock valued at $176,594,000 after purchasing an additional 31,630 shares during the last quarter. Finally, Usca Ria LLC lifted its holdings in shares of EOG Resources by 232.2% in the 2nd quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock valued at $1,417,000 after purchasing an additional 10,939 shares during the last quarter. 85.48% of the stock is owned by institutional investors.
In other EOG Resources 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 owns 70,987 shares in the company, valued at $6,262,473.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.53% of the company’s stock.
EOG has been the subject of several research reports. BidaskClub raised EOG Resources from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Stifel Nicolaus reissued a “buy” rating and issued a $111.00 target price on shares of EOG Resources in a report on Friday, May 26th. Zacks Investment Research raised EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Morgan Stanley raised EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $97.00 to $106.00 in a report on Tuesday. Finally, Royal Bank Of Canada set a $115.00 target price on EOG Resources and gave the company a “hold” rating in a report on Sunday, July 16th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $108.38.
Shares of EOG Resources, Inc. (NYSE EOG) traded up 1.01% during midday trading on Friday, hitting $92.71. The stock had a trading volume of 1,652,762 shares. The company’s market cap is $53.54 billion. The firm has a 50 day moving average of $88.01 and a 200-day moving average of $91.82. EOG Resources, Inc. has a one year low of $81.99 and a one year high of $109.37.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). The company had revenue of $2.61 billion for the quarter, compared to analyst estimates 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 was up 47.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.38) EPS. On average, analysts forecast that EOG Resources, Inc. will post $0.60 earnings per share for the current fiscal year.
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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