Parkside Investments LLC Sells 725 Shares of EOG Resources, Inc. (EOG)
Parkside Investments LLC decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,808 shares of the energy exploration company’s stock after selling 725 shares during the period. EOG Resources comprises about 2.4% of Parkside Investments LLC’s investment portfolio, making the stock its 11th largest position. Parkside Investments LLC’s holdings in EOG Resources were worth $3,784,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Israel Discount Bank of New York acquired a new position in shares of EOG Resources during the first quarter valued at approximately $556,000. First Citizens Bank & Trust Co. acquired a new position in shares of EOG Resources during the first quarter valued at approximately $3,612,000. Morse Asset Management Inc acquired a new position in shares of EOG Resources during the first quarter valued at approximately $5,899,000. Arosa Capital Management LP acquired a new position in shares of EOG Resources during the first quarter valued at approximately $13,828,000. Finally, Schwab Charles Investment Management Inc. increased 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 valued at $176,594,000 after buying an additional 31,630 shares during the last quarter. 83.25% of the stock is currently owned by institutional investors.
EOG Resources, Inc. (NYSE:EOG) opened at 84.51 on Friday. The company has a 50-day moving average of $90.04 and a 200-day moving average of $92.96. The firm’s market capitalization is $48.80 billion. EOG Resources, Inc. has a 52 week low of $83.29 and a 52 week high of $109.37.
EOG Resources (NYSE:EOG) last posted its 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 return on equity of 0.68% and a negative net margin of 2.88%. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the prior year, the business posted ($0.38) earnings per share. The company’s revenue for the quarter was up 47.1% on a year-over-year basis. On average, equities analysts forecast that EOG Resources, Inc. will post $0.61 earnings per share for the current fiscal year.
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Several research analysts have recently commented on EOG shares. 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. BMO Capital Markets reissued a “buy” rating on shares of EOG Resources in a report on Tuesday, May 9th. ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Credit Suisse Group set a $108.00 target price on EOG Resources and gave the stock a “hold” rating in a report on Friday, June 2nd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $95.00 target price on shares of EOG Resources in a report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $108.54.
In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $88.22, for a total value 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 approximately $6,262,473.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company 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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