EOG Resources, Inc. (EOG) Position Lowered by CMH Wealth Management LLC
CMH Wealth Management LLC reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,723 shares of the energy exploration company’s stock after selling 330 shares during the period. CMH Wealth Management LLC’s holdings in EOG Resources were worth $1,518,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in 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 worth $3,486,473,000 after buying an additional 34,114,299 shares in the last quarter. Jennison Associates LLC boosted its stake 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 boosted its stake 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 boosted its stake 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. boosted its stake 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.
EOG Resources, Inc. (NYSE EOG) traded down 0.53% on Friday, reaching $88.65. 1,481,547 shares of the company’s stock traded hands. EOG Resources, Inc. has a 52-week low of $85.88 and a 52-week high of $109.37. The stock’s market cap is $51.19 billion. The company’s 50 day moving average is $91.29 and its 200-day moving average is $94.28.
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. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter last year, the firm posted ($0.38) earnings per share. The firm’s revenue for the quarter was up 47.1% compared to the same quarter last year. Equities analysts expect that EOG Resources, Inc. will post $0.59 EPS for the current year.
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A number of analysts recently commented on EOG shares. Sanford C. Bernstein restated an “outperform” rating on shares of EOG Resources in a research report on Friday, July 7th. Stifel Nicolaus restated a “buy” rating and issued a $111.00 price objective on shares of EOG Resources in a research report on Friday, July 14th. Barclays PLC reaffirmed an “overweight” rating and issued a $101.00 target price (up from $94.00) on shares of EOG Resources in a research note on Wednesday. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Citigroup Inc. lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $112.00 to $98.00 in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average 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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