Monetta Financial Services Inc. Has $3,168,000 Stake in EOG Resources, Inc. (EOG)

Monetta Financial Services Inc. continued to hold its stake in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,000 shares of the energy exploration company’s stock at the end of the 2nd quarter. EOG Resources accounts for 1.8% of Monetta Financial Services Inc.’s holdings, making the stock its 22nd biggest holding. Monetta Financial Services Inc.’s holdings in EOG Resources were worth $3,168,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. IHT Wealth Management LLC increased its holdings in EOG Resources by 4.1% in the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock valued at $101,000 after buying an additional 41 shares during the last quarter. Winfield Associates Inc. increased its holdings in EOG Resources by 1.7% in the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock valued at $103,000 after buying an additional 19 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in EOG Resources by 60.0% in the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock valued at $104,000 after acquiring an additional 401 shares in the last quarter. Advantage Investment Management LLC boosted its stake in shares of EOG Resources by 16.6% during the first quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock worth $105,000 after buying an additional 154 shares during the period. Finally, Exane Derivatives boosted its stake in shares of EOG Resources by 19.8% during the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock worth $105,000 after buying an additional 192 shares during the period. 85.37% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the business’s 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 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 can be accessed through the SEC website. 0.53% of the stock is owned by insiders.

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EOG has been the subject of a number of research analyst reports. Barclays PLC reaffirmed an “overweight” rating and issued a $101.00 target price (up from $94.00) on shares of EOG Resources in a report on Wednesday, August 9th. BidaskClub raised shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Scotiabank reaffirmed a “hold” rating and issued a $100.00 target price on shares of EOG Resources in a report on Thursday, August 3rd. Stifel Nicolaus reissued a “buy” rating and set a $111.00 price objective on shares of EOG Resources in a research note on Friday, July 14th. Finally, BMO Capital Markets reissued a “buy” rating and set a $95.00 price objective on shares of EOG Resources in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $107.54.

Shares of EOG Resources, Inc. (NYSE EOG) opened at 94.55 on Friday. EOG Resources, Inc. has a 1-year low of $81.99 and a 1-year high of $109.37. The stock’s market cap is $54.60 billion. The company’s 50-day moving average is $87.81 and its 200 day moving average is $91.61.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 net margin of 2.88% and a negative return on equity of 0.68%. The company’s revenue was up 47.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.38) EPS. Equities research analysts anticipate that EOG Resources, Inc. will post $0.60 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be paid a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Monday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently -131.37%.

EOG Resources 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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