Lucas Capital Management Acquires 2,705 Shares of EOG Resources, Inc. (EOG)
Lucas Capital Management raised its position in EOG Resources, Inc. (NYSE:EOG) by 9.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 30,970 shares of the energy exploration company’s stock after buying an additional 2,705 shares during the period. EOG Resources accounts for approximately 2.0% of Lucas Capital Management’s holdings, making the stock its 15th largest position. Lucas Capital Management’s holdings in EOG Resources were worth $2,803,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of EOG. Israel Discount Bank of New York acquired a new position in shares of EOG Resources during the first quarter worth about $556,000. First Citizens Bank & Trust Co. acquired a new position in shares of EOG Resources during the first quarter worth about $3,612,000. Morse Asset Management Inc acquired a new position in shares of EOG Resources during the first quarter worth about $5,899,000. Arosa Capital Management LP acquired a new position in shares of EOG Resources during the first quarter worth about $13,828,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of EOG Resources by 1.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,810,291 shares of the energy exploration company’s stock worth $176,594,000 after buying an additional 31,630 shares in the last quarter. 83.25% of the stock is currently owned by hedge funds and other institutional investors.
EOG Resources, Inc. (EOG) opened at 84.09 on Friday. The firm’s market cap is $48.56 billion. The company has a 50-day moving average of $90.89 and a 200-day moving average of $93.54. EOG Resources, Inc. has a 1-year low of $83.29 and a 1-year high of $109.37.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.02. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned ($0.38) earnings per share. Analysts predict that EOG Resources, Inc. will post $0.61 earnings per share for the current year.
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A number of equities analysts have issued reports on EOG shares. FBR & Co set a $122.00 target price on shares of EOG Resources and gave the stock an “outperform” rating in a report on Wednesday, May 17th. Stifel Nicolaus reissued a “buy” rating and issued a $111.00 target price on shares of EOG Resources in a report on Friday, May 26th. Zacks Investment Research raised shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Piper Jaffray Companies reissued an “overweight” rating and issued a $114.00 target price on shares of EOG Resources in a report on Wednesday, May 31st. Finally, BidaskClub raised shares of EOG Resources from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $108.54.
In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $88.22, for a total transaction of $352,880.00. Following the completion of the sale, the executive vice president now directly owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.53% of the company’s stock.
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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