B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lowered its position in EOG Resources, Inc. (NYSE:EOG) by 7.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,600 shares of the energy exploration company’s stock after selling 1,835 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in EOG Resources were worth $2,205,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Israel Discount Bank of New York purchased a new position in shares of EOG Resources during the first quarter worth approximately $556,000. UBS Asset Management Americas Inc. raised its position 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 worth $322,067,000 after buying an additional 70,513 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new position in shares of EOG Resources during the first quarter worth approximately $3,612,000. Morse Asset Management Inc purchased a new position in shares of EOG Resources during the first quarter worth approximately $5,899,000. Finally, Atria Investments LLC raised its position 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 worth $487,000 after buying an additional 1,296 shares during the last quarter. Institutional investors own 85.14% of the company’s stock.
Shares of EOG Resources, Inc. (EOG) opened at 88.53 on Friday. The stock’s 50 day moving average price is $91.31 and its 200-day moving average price is $94.17. The firm’s market cap is $51.12 billion. EOG Resources, Inc. has a 52-week low of $85.88 and a 52-week high of $109.37.
EOG Resources (NYSE:EOG) last announced 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. 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 company earned ($0.38) EPS. The firm’s revenue for the quarter was up 47.1% on a year-over-year basis. On average, analysts forecast that EOG Resources, Inc. will post $0.59 EPS for the current year.
A number of brokerages recently commented on EOG. 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 target price on shares of EOG Resources in a research note on Tuesday, April 25th. Wells Fargo & Company upgraded EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Wednesday, May 10th. Scotiabank set a $100.00 target price on EOG Resources and gave the company a “hold” rating in a research note on Saturday, July 1st. Finally, Barclays PLC increased their price objective on EOG Resources from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $108.31.
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.
Receive News & Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.