Signature Estate & Investment Advisors LLC reduced its position in shares of EOG Resources Inc (NYSE:EOG) by 42.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,404 shares of the energy exploration company’s stock after selling 1,739 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in EOG Resources were worth $224,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Midwest Professional Planners LTD. bought a new stake in EOG Resources during the 1st quarter valued at $212,000. KG&L Capital Management LLC bought a new stake in EOG Resources during the 1st quarter valued at $388,000. ZWJ Investment Counsel Inc. raised its holdings in EOG Resources by 4.4% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 37,994 shares of the energy exploration company’s stock valued at $3,616,000 after buying an additional 1,599 shares during the last quarter. Cobiz Wealth LLC raised its holdings in EOG Resources by 5.5% in the 1st quarter. Cobiz Wealth LLC now owns 61,216 shares of the energy exploration company’s stock worth $5,827,000 after purchasing an additional 3,179 shares in the last quarter. Finally, Sustainable Insight Capital Management LLC bought a new position in EOG Resources in the 1st quarter worth $247,000. Institutional investors own 87.01% of the company’s stock.
Several brokerages have commented on EOG. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Thursday, May 9th. SunTrust Banks decreased their price objective on shares of EOG Resources to $120.00 and set a “buy” rating for the company in a report on Wednesday, June 12th. Wells Fargo & Co upped their price objective on shares of EOG Resources from $101.00 to $103.00 and gave the stock an “outperform” rating in a report on Monday. Morgan Stanley decreased their price objective on shares of EOG Resources from $101.00 to $97.00 and set an “equal weight” rating for the company in a report on Friday, July 12th. Finally, ValuEngine lowered shares of EOG Resources from a “hold” rating to a “sell” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $116.36.
EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.02). The business had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.41 billion. EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 earnings per share. On average, research analysts predict that EOG Resources Inc will post 5.24 EPS for the current year.
EOG Resources Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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