BTR Capital Management Inc. Sells 696 Shares of EOG Resources, Inc. (NYSE:EOG)
BTR Capital Management Inc. cut its stake in EOG Resources, Inc. (NYSE:EOG) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,137 shares of the energy exploration company’s stock after selling 696 shares during the period. BTR Capital Management Inc.’s holdings in EOG Resources were worth $1,913,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of EOG Resources by 2,098.0% in the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock valued at $3,486,473,000 after buying an additional 34,114,299 shares during the last quarter. Jennison Associates LLC raised its position in EOG Resources by 35.3% in the first quarter. Jennison Associates LLC now owns 6,971,347 shares of the energy exploration company’s stock worth $680,055,000 after buying an additional 1,816,980 shares in the last quarter. Neuberger Berman Group LLC raised its position in EOG Resources by 3.7% in the first quarter. Neuberger Berman Group LLC now owns 6,507,833 shares of the energy exploration company’s stock worth $634,839,000 after buying an additional 231,183 shares in the last quarter. Geode Capital Management LLC raised its position in EOG Resources by 10.4% in the first quarter. Geode Capital Management LLC now owns 5,514,351 shares of the energy exploration company’s stock worth $537,142,000 after buying an additional 517,310 shares in the last quarter. Finally, American Century Companies Inc. raised its position in EOG Resources by 14.9% in the first quarter. American Century Companies Inc. now owns 4,434,418 shares of the energy exploration company’s stock worth $432,577,000 after buying an additional 576,162 shares in the last quarter. Institutional investors and hedge funds own 85.14% of the company’s stock.
Shares of EOG Resources, Inc. (NYSE EOG) traded down 0.90% during trading on Friday, hitting $88.32. The stock had a trading volume of 1,329,775 shares. The stock’s 50-day moving average price is $91.29 and its 200 day moving average price is $94.28. EOG Resources, Inc. has a 1-year low of $85.88 and a 1-year high of $109.37. The firm’s market capitalization is $51.00 billion.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.02. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. EOG Resources’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. On average, analysts anticipate that EOG Resources, Inc. will post $0.59 earnings per share for the current year.
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A number of research analysts have recently weighed in on EOG shares. Sanford C. Bernstein restated an “outperform” rating on shares of EOG Resources in a report on Friday, July 7th. Stifel Nicolaus restated a “buy” rating and issued a $111.00 target price on shares of EOG Resources in a report on Friday, July 14th. Barclays PLC restated an “overweight” rating and issued a $101.00 target price (up previously from $94.00) on shares of EOG Resources in a report on Wednesday. ValuEngine upgraded EOG Resources from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Citigroup Inc. lowered EOG Resources from a “buy” rating to a “neutral” rating and dropped their target price for the company from $112.00 to $98.00 in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $108.23.
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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