EOG Resources, Inc. (EOG) Shares Bought by HPM Partners LLC
HPM Partners LLC raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 32.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,018 shares of the energy exploration company’s stock after acquiring an additional 5,578 shares during the quarter. HPM Partners LLC’s holdings in EOG Resources were worth $2,084,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Israel Discount Bank of New York bought a new position in EOG Resources during the 1st quarter valued at $556,000. Morse Asset Management Inc bought a new position in EOG Resources during the 1st quarter valued at $5,899,000. Arosa Capital Management LP bought a new position in EOG Resources during the 1st quarter valued at $13,828,000. Schwab Charles Investment Management Inc. boosted its stake in EOG Resources by 1.8% during the 1st 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 acquiring an additional 31,630 shares during the last quarter. Finally, Usca Ria LLC boosted its stake in EOG Resources by 232.2% during the 2nd quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock valued at $1,417,000 after acquiring an additional 10,939 shares during the last quarter. Hedge funds and other institutional investors own 85.48% of the company’s stock.
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A number of research firms have commented on EOG. Scotiabank set a $100.00 price objective on shares of EOG Resources and gave the company a “hold” rating in a research note on Saturday, July 1st. Jefferies Group LLC reissued a “hold” rating and set a $101.00 target price on shares of EOG Resources in a report on Wednesday, August 16th. Morgan Stanley raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $97.00 to $106.00 in a report on Tuesday. Stifel Nicolaus reissued a “buy” rating and set a $111.00 target price on shares of EOG Resources in a report on Friday, July 14th. Finally, Zacks Investment Research cut shares of EOG Resources from a “hold” rating to a “sell” rating in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $108.38.
In other EOG Resources news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was 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 approximately $6,262,473.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.53% of the company’s stock.
EOG Resources, Inc. (NYSE EOG) opened at 88.47 on Wednesday. EOG Resources, Inc. has a 52-week low of $81.99 and a 52-week high of $109.37. The company’s market cap is $51.09 billion. The stock’s 50 day moving average is $88.34 and its 200 day moving average is $91.88.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The firm 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 business’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.38) earnings per share. Equities research analysts forecast that EOG Resources, Inc. will post $0.60 earnings per share for the current year.
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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