Profund Advisors LLC Has $2.90 Million Holdings in EOG Resources, Inc. (EOG)
Profund Advisors LLC lessened its position in shares of EOG Resources, Inc. (NYSE:EOG) by 4.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,079 shares of the energy exploration company’s stock after selling 1,528 shares during the period. Profund Advisors LLC’s holdings in EOG Resources were worth $2,904,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of EOG. BlackRock Inc. grew its holdings in EOG Resources by 2,098.0% during the 1st quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock worth $3,486,473,000 after acquiring an additional 34,114,299 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in EOG Resources by 64.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock worth $479,202,000 after acquiring an additional 2,083,122 shares in the last quarter. Findlay Park Partners LLP acquired a new position in EOG Resources during the 2nd quarter worth approximately $120,097,000. Harbour Capital Advisors LLC grew its holdings in EOG Resources by 9,208.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 937,697 shares of the energy exploration company’s stock worth $10,359,000 after acquiring an additional 927,623 shares in the last quarter. Finally, Janus Capital Management LLC grew its holdings in EOG Resources by 218.4% during the 1st quarter. Janus Capital Management LLC now owns 1,176,906 shares of the energy exploration company’s stock worth $114,807,000 after acquiring an additional 807,243 shares in the last quarter. Institutional investors own 85.37% of the company’s stock.
In other EOG Resources news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the firm’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 directly owns 70,987 shares in the company, valued at $6,262,473.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.53% of the company’s stock.
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Several research analysts have commented on EOG shares. BidaskClub upgraded shares of EOG Resources from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Stifel Nicolaus reiterated a “buy” rating and set a $111.00 price target on shares of EOG Resources in a report on Friday, May 26th. Zacks Investment Research upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Morgan Stanley upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $97.00 to $106.00 in a report on Tuesday, September 12th. Finally, Royal Bank Of Canada set a $115.00 price target on shares of EOG Resources and gave the stock a “hold” rating in a report on Sunday, July 16th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $107.54.
EOG Resources, Inc. (NYSE EOG) opened at 93.11 on Tuesday. The stock’s market cap is $53.77 billion. EOG Resources, Inc. has a 12 month low of $81.99 and a 12 month high of $109.37. The firm’s 50-day moving average is $87.86 and its 200-day moving average is $91.65.
EOG Resources (NYSE:EOG) last posted 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 during the quarter, compared to the consensus estimate of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.38) earnings per share. On average, equities analysts forecast that EOG Resources, Inc. will post $0.60 earnings per share for the current fiscal year.
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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