Pittenger & Anderson Inc. decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 54.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,336 shares of the energy exploration company’s stock after selling 20,510 shares during the quarter. Pittenger & Anderson Inc.’s holdings in EOG Resources were worth $1,569,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. IHT Wealth Management LLC boosted its position in shares of EOG Resources by 4.1% in the 1st quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock worth $101,000 after purchasing an additional 41 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of EOG Resources by 60.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock worth $104,000 after purchasing an additional 401 shares in the last quarter. Advantage Investment Management LLC boosted its position in shares of EOG Resources by 16.6% in the 1st quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock worth $105,000 after purchasing an additional 154 shares in the last quarter. Winfield Associates Inc. boosted its position in shares of EOG Resources by 5.3% in the 1st quarter. Winfield Associates Inc. now owns 1,132 shares of the energy exploration company’s stock worth $111,000 after purchasing an additional 57 shares in the last quarter. Finally, Exane Derivatives boosted its position in shares of EOG Resources by 19.8% in the 2nd quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock worth $105,000 after purchasing an additional 192 shares in the last quarter. 85.48% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on EOG. Morgan Stanley raised EOG Resources from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $97.00 to $106.00 in a research report on Tuesday. ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Jefferies Group LLC reaffirmed a “hold” rating and set a $89.00 price target (down previously from $101.00) on shares of EOG Resources in a research report on Tuesday, August 29th. BidaskClub cut EOG Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, Scotiabank set a $102.00 price target on EOG Resources and gave the stock a “hold” rating in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $108.38.
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 shares were 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 of the company’s stock, valued at $6,262,473.14. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.53% of the company’s stock.
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Shares of EOG Resources, Inc. (NYSE:EOG) opened at 88.47 on Wednesday. The stock’s market capitalization is $51.09 billion. The firm’s 50-day moving average price is $88.34 and its 200 day moving average price is $91.88. EOG Resources, Inc. has a 1-year low of $81.99 and a 1-year high of $109.37.
EOG Resources (NYSE:EOG) last issued 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). EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period last year, the business posted ($0.38) earnings per share. The company’s quarterly revenue was up 47.1% on a year-over-year basis. Equities research analysts expect 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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