CIBC World Markets Inc. raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 337.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 25,367 shares of the energy exploration company’s stock after acquiring an additional 19,569 shares during the period. CIBC World Markets Inc.’s holdings in EOG Resources were worth $2,296,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Private Advisor Group LLC lifted its stake in EOG Resources by 6.4% during the 2nd quarter. Private Advisor Group LLC now owns 20,585 shares of the energy exploration company’s stock valued at $1,845,000 after acquiring an additional 1,242 shares during the period. Tredje AP fonden lifted its stake in EOG Resources by 16.3% during the 2nd quarter. Tredje AP fonden now owns 53,015 shares of the energy exploration company’s stock valued at $4,799,000 after acquiring an additional 7,419 shares during the period. Exencial Wealth Advisors LLC lifted its stake in EOG Resources by 3.2% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 37,137 shares of the energy exploration company’s stock valued at $3,362,000 after acquiring an additional 1,137 shares during the period. Schroder Investment Management Group lifted its stake in EOG Resources by 13.2% during the 2nd quarter. Schroder Investment Management Group now owns 12,110 shares of the energy exploration company’s stock valued at $1,090,000 after acquiring an additional 1,415 shares during the period. Finally, IFM Investors Pty Ltd bought a new position in EOG Resources during the 2nd quarter valued at about $1,428,000. Institutional investors and hedge funds own 85.48% of the company’s stock.
In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the company’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 completion of the transaction, the executive vice president now directly 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 SEC, which is available at this link. Corporate insiders own 0.53% of the company’s stock.
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Shares of EOG Resources, Inc. (EOG) opened at 87.93 on Tuesday. EOG Resources, Inc. has a one year low of $81.99 and a one year high of $109.37. The stock’s market capitalization is $50.78 billion. The firm’s 50-day moving average is $88.35 and its 200-day moving average is $91.91.
EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The company’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.38) earnings per share. Equities research analysts forecast that EOG Resources, Inc. will post $0.61 EPS for the current year.
EOG has been the topic of several research analyst reports. Sanford C. Bernstein restated an “outperform” rating on shares of EOG Resources in a research note on Friday, July 7th. Stifel Nicolaus restated a “buy” rating and set a $111.00 target price on shares of EOG Resources in a research note on Friday, July 14th. Barclays PLC restated an “overweight” rating and set a $101.00 target price (up previously from $94.00) on shares of EOG Resources in a research note on Wednesday, August 9th. ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Citigroup Inc. cut shares of EOG Resources from a “buy” rating to a “neutral” rating and lowered their target price for the company from $112.00 to $98.00 in a research note on Friday, July 21st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $108.48.
About EOG Resources
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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