Hemenway Trust Co LLC boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 239.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,171 shares of the energy exploration company’s stock after buying an additional 19,164 shares during the period. Hemenway Trust Co LLC’s holdings in EOG Resources were worth $2,460,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of EOG. Israel Discount Bank of New York bought a new position in shares of EOG Resources during the first quarter valued at $556,000. First Citizens Bank & Trust Co. bought a new position in EOG Resources during the first quarter worth approximately $3,612,000. Morse Asset Management Inc bought a new position in EOG Resources during the first quarter worth approximately $5,899,000. Atria Investments LLC boosted its position in 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 period. Finally, Atalanta Sosnoff Capital LLC boosted its position in EOG Resources by 17,593.3% in the first quarter. Atalanta Sosnoff Capital LLC now owns 590,955 shares of the energy exploration company’s stock worth $57,647,000 after buying an additional 587,615 shares during the period. 83.25% of the stock is currently owned by hedge funds and other institutional investors.
EOG Resources, Inc. (EOG) traded up 0.85% during trading on Friday, reaching $84.09. The company’s stock had a trading volume of 2,751,653 shares. The company’s market capitalization is $48.56 billion. EOG Resources, Inc. has a 12-month low of $83.29 and a 12-month high of $109.37. The firm’s 50-day moving average price is $90.89 and its 200 day moving average price is $93.54.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share 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 business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the prior year, the firm posted ($0.38) EPS. EOG Resources’s revenue for the quarter was up 47.1% compared to the same quarter last year. On average, analysts predict that EOG Resources, Inc. will post $0.61 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on EOG. BidaskClub lowered shares of EOG Resources from a “hold” rating to a “sell” rating in a report on Wednesday. Jefferies Group LLC restated a “hold” rating and set a $101.00 price target on shares of EOG Resources in a report on Wednesday. Scotiabank set a $102.00 price target on shares of EOG Resources and gave the stock a “hold” rating in a report on Friday, August 11th. Barclays PLC reaffirmed an “overweight” rating and set a $101.00 price objective (up previously from $94.00) on shares of EOG Resources in a research report on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $108.54.
In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $88.22, for a total transaction of $352,880.00. Following the sale, the executive vice president now owns 70,987 shares of the company’s stock, valued at approximately $6,262,473.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is currently owned by 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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