EOG Resources, Inc. (EOG) Stake Lifted by Johnson Financial Group Inc.
Johnson Financial Group Inc. increased its stake in EOG Resources, Inc. (NYSE:EOG) by 228.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,305 shares of the energy exploration company’s stock after acquiring an additional 1,604 shares during the period. Johnson Financial Group Inc.’s holdings in EOG Resources were worth $209,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Waldron LP boosted its holdings in EOG Resources by 81.7% during the first quarter. Waldron LP now owns 4,522 shares of the energy exploration company’s stock worth $431,000 after buying an additional 2,033 shares in the last quarter. WASHINGTON TRUST Co bought a new stake in EOG Resources during the first quarter worth approximately $5,559,000. Commerzbank Aktiengesellschaft FI boosted its holdings in EOG Resources by 12.2% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 104,791 shares of the energy exploration company’s stock worth $10,222,000 after buying an additional 11,397 shares in the last quarter. Webster Bank N. A. boosted its holdings in EOG Resources by 92.2% during the first quarter. Webster Bank N. A. now owns 1,240 shares of the energy exploration company’s stock worth $121,000 after buying an additional 595 shares in the last quarter. Finally, State Treasurer State of Michigan boosted its holdings in EOG Resources by 0.5% during the first quarter. State Treasurer State of Michigan now owns 189,428 shares of the energy exploration company’s stock worth $18,479,000 after buying an additional 900 shares in the last quarter. Institutional investors and hedge funds own 85.48% of the company’s stock.
In other EOG Resources news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the company’s 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.53% of the company’s stock.
EOG Resources, Inc. (NYSE EOG) opened at 88.47 on Wednesday. The company’s market cap is $51.09 billion. The company has a 50-day moving average of $88.34 and a 200 day moving average of $91.88. EOG Resources, Inc. has a one year low of $81.99 and a one year high of $109.37.
EOG Resources (NYSE:EOG) last announced 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 business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the company posted ($0.38) EPS. The business’s revenue for the quarter was up 47.1% compared to the same quarter last year. Equities research analysts predict that EOG Resources, Inc. will post $0.60 EPS for the current year.
A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Jefferies Group LLC restated a “hold” rating and set a $95.00 target price on shares of EOG Resources in a report on Wednesday, May 17th. 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. Finally, Scotiabank restated a “hold” rating and set a $109.00 target price on shares of EOG Resources in a report on Tuesday, May 16th. Two 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 stock. The stock has an average rating of “Buy” and an average price target of $108.38.
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.
Receive News & Stock Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related stocks with our FREE daily email newsletter.