EOG Resources, Inc. (EOG) Holdings Cut by Pictet & Cie Europe SA
Pictet & Cie Europe SA decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 16.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,785 shares of the energy exploration company’s stock after selling 9,818 shares during the period. Pictet & Cie Europe SA’s holdings in EOG Resources were worth $4,416,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. increased its position in EOG Resources by 2.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 49,408 shares of the energy exploration company’s stock worth $4,472,000 after purchasing an additional 1,136 shares during the period. Oppenheimer & Co. Inc. increased its position in EOG Resources by 4.3% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 143,498 shares of the energy exploration company’s stock worth $12,989,000 after purchasing an additional 5,916 shares during the period. Swiss National Bank increased its position in EOG Resources by 3.1% during the 2nd quarter. Swiss National Bank now owns 2,182,966 shares of the energy exploration company’s stock worth $197,602,000 after purchasing an additional 65,600 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in EOG Resources by 11.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,684 shares of the energy exploration company’s stock worth $515,000 after purchasing an additional 575 shares during the period. Finally, Sentry Investments Corp. acquired a new position in EOG Resources during the 2nd quarter worth approximately $2,154,000. Institutional investors own 85.47% of the company’s stock.
In other EOG Resources news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of EOG Resources stock in a transaction 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 owns 70,987 shares of the company’s stock, valued at approximately $6,262,473.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.53% of the company’s stock.
Several research firms have issued reports on EOG. ValuEngine upgraded EOG Resources from a “sell” rating to a “hold” rating in a research report on Thursday. Jefferies Group LLC reiterated a “hold” rating and set a $89.00 target price (down previously from $101.00) on shares of EOG Resources in a research report on Tuesday, August 29th. BidaskClub lowered EOG Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Scotiabank set a $102.00 price target on EOG Resources and gave the stock a “hold” rating in a research note on Friday, August 11th. Finally, Barclays PLC reissued an “overweight” rating and set a $101.00 price target (up previously from $94.00) on shares of EOG Resources in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating to the company. EOG Resources presently has an average rating of “Buy” and an average target price of $108.50.
Shares of EOG Resources, Inc. (NYSE:EOG) opened at 86.78 on Friday. The firm’s market capitalization is $50.11 billion. The stock’s 50 day moving average price is $88.48 and its 200-day moving average price is $92.05. EOG Resources, Inc. has a 12-month low of $81.99 and a 12-month high of $109.37.
EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The company’s quarterly revenue was up 47.1% on a year-over-year basis. During the same period last year, the business earned ($0.38) EPS. On average, equities analysts expect that EOG Resources, Inc. will post $0.61 EPS for the current year.
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EOG Resources 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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