Lyell Wealth Management LP Buys New Stake in EOG Resources, Inc. (EOG)
Lyell Wealth Management LP bought a new stake in EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,165 shares of the energy exploration company’s stock, valued at approximately $286,000.
A number of other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised 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 valued at $3,486,473,000 after buying an additional 34,114,299 shares in the last quarter. Jennison Associates LLC raised 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 valued at $680,055,000 after buying an additional 1,816,980 shares in the last quarter. Neuberger Berman Group LLC raised 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 valued at $634,839,000 after buying an additional 231,183 shares in the last quarter. Geode Capital Management LLC raised 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 valued at $537,142,000 after buying an additional 517,310 shares in the last quarter. Finally, American Century Companies Inc. raised 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 valued at $432,577,000 after buying an additional 576,162 shares in the last quarter. 83.25% of the stock is owned by institutional investors.
Shares of EOG Resources, Inc. (NYSE EOG) opened at 87.02 on Wednesday. The stock’s market cap is $50.25 billion. The firm has a 50-day moving average price of $91.31 and a 200-day moving average price of $93.80. EOG Resources, Inc. has a 1-year low of $85.88 and a 1-year high of $109.37.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results 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 business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period last year, the company earned ($0.38) EPS. The business’s revenue for the quarter was up 47.1% on a year-over-year basis. Equities analysts forecast that EOG Resources, Inc. will post $0.62 EPS for the current year.
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Several equities research analysts recently issued reports on EOG shares. Sanford C. Bernstein reissued an “outperform” rating on shares of EOG Resources in a report on Friday, July 7th. Stifel Nicolaus reissued a “buy” rating and issued a $111.00 target price on shares of EOG Resources in a report on Friday, July 14th. Barclays PLC reissued an “overweight” rating and issued a $101.00 target price (up from $94.00) on shares of EOG Resources in a report on Wednesday, August 9th. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a report 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 report on Friday, July 21st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $108.31.
In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $88.22, for a total value of $352,880.00. Following the sale, the executive vice president now owns 70,987 shares in the company, valued at approximately $6,262,473.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is currently owned by insiders.
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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