Great West Life Assurance Co. Can Has $38.37 Million Stake in EOG Resources, Inc. (NYSE:EOG)
Great West Life Assurance Co. Can cut its stake in EOG Resources, Inc. (NYSE:EOG) by 11.8% during the second quarter, Holdings Channel reports. The institutional investor owned 424,375 shares of the energy exploration company’s stock after selling 56,941 shares during the period. Great West Life Assurance Co. Can’s holdings in EOG Resources were worth $38,373,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in EOG. Israel Discount Bank of New York bought a new stake in shares of EOG Resources during the first quarter worth $556,000. First Citizens Bank & Trust Co. bought a new stake in shares of EOG Resources during the first quarter worth $3,612,000. Morse Asset Management Inc bought a new stake in shares of EOG Resources during the first quarter worth $5,899,000. Atria Investments LLC raised its stake in shares of 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, Engineers Gate Manager LP raised its stake in shares of EOG Resources by 79.2% in the first quarter. Engineers Gate Manager LP now owns 30,107 shares of the energy exploration company’s stock worth $2,937,000 after buying an additional 13,304 shares during the period. 83.25% of the stock is currently owned by institutional investors and hedge funds.
EOG Resources, Inc. (NYSE EOG) opened at 87.99 on Tuesday. The company’s 50 day moving average is $91.32 and its 200 day moving average is $93.91. EOG Resources, Inc. has a 52-week low of $85.88 and a 52-week high of $109.37. The firm’s market cap is $50.81 billion.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same quarter last year, the business earned ($0.38) EPS. The firm’s revenue for the quarter was up 47.1% on a year-over-year basis. Equities research analysts forecast that EOG Resources, Inc. will post $0.58 EPS for the current fiscal year.
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A number of brokerages have recently weighed in on EOG. BMO Capital Markets reissued a “buy” rating on shares of EOG Resources in a report on Tuesday, May 9th. Royal Bank Of Canada reissued a “hold” rating and set a $109.00 price objective on shares of EOG Resources in a report on Tuesday, April 25th. Wells Fargo & Company raised shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Wednesday, May 10th. Scotiabank set a $100.00 price objective on shares of EOG Resources and gave the company a “hold” rating in a report on Saturday, July 1st. Finally, Barclays PLC boosted their price objective on shares of EOG Resources from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $108.31.
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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