Seaward Management Limited Partnership Has $8,261,000 Position in EOG Resources Inc. (EOG)
Seaward Management Limited Partnership boosted its position in shares of EOG Resources Inc. (NYSE:EOG) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,036 shares of the energy exploration company’s stock after buying an additional 5,098 shares during the period. Seaward Management Limited Partnership’s holdings in EOG Resources were worth $8,261,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Exane Derivatives raised its position in EOG Resources by 0.3% in the first quarter. Exane Derivatives now owns 1,937 shares of the energy exploration company’s stock worth $141,000 after buying an additional 6 shares during the period. Ropes Wealth Advisors LLC raised its position in EOG Resources by 38.8% in the first quarter. Ropes Wealth Advisors LLC now owns 2,575 shares of the energy exploration company’s stock worth $187,000 after buying an additional 720 shares during the period. Berkshire Asset Management LLC PA purchased a new position in EOG Resources during the second quarter worth $209,000. Rehmann Capital Advisory Group purchased a new position in EOG Resources during the second quarter worth $210,000. Finally, MAI Capital Management raised its position in EOG Resources by 0.9% in the second quarter. MAI Capital Management now owns 2,907 shares of the energy exploration company’s stock worth $243,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 89.23% of the company’s stock.
Shares of EOG Resources Inc. (NYSE:EOG) traded up 0.39% during trading on Tuesday, hitting $90.40. The company’s stock had a trading volume of 3,050,139 shares. The company’s market capitalization is $49.78 billion. The firm’s 50 day moving average is $90.15 and its 200-day moving average is $82.21. EOG Resources Inc. has a 1-year low of $57.15 and a 1-year high of $95.93.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.10. The firm earned $1.78 billion during the quarter, compared to the consensus estimate of $1.57 billion. EOG Resources had a negative return on equity of 6.32% and a negative net margin of 72.18%. The business’s revenue for the quarter was down 28.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. Analysts forecast that EOG Resources Inc. will post ($1.67) EPS for the current fiscal year.
Several brokerages have commented on EOG. KLR Group lowered shares of EOG Resources from a “buy” rating to an “accumulate” rating and set a $90.00 target price on the stock. in a research report on Wednesday, May 25th. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Monday, July 25th. Deutsche Bank AG upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and boosted their target price for the stock from $83.00 to $96.00 in a research report on Friday, August 5th. Citigroup Inc. boosted their target price on shares of EOG Resources from $88.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Finally, Wunderlich upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and boosted their target price for the stock from $79.00 to $104.00 in a research report on Monday, August 8th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. EOG Resources has an average rating of “Hold” and an average target price of $91.96.
In related news, EVP Lloyd W. Helms, Jr. sold 4,875 shares of the stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $81.82, for a total value of $398,872.50. Following the completion of the sale, the executive vice president now directly owns 59,032 shares of the company’s stock, valued at approximately $4,829,998.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frank G. Wisner sold 2,026 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $92.65, for a total value of $187,708.90. Following the completion of the sale, the director now directly owns 113,125 shares of the company’s stock, valued at $10,481,031.25. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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