Associated Banc Corp increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 187,090 shares of the energy exploration company’s stock after acquiring an additional 3,599 shares during the quarter. EOG Resources makes up about 1.0% of Associated Banc Corp’s investment portfolio, making the stock its 29th largest position. Associated Banc Corp’s holdings in EOG Resources were worth $16,935,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in EOG. Waldron LP lifted its position in shares of EOG Resources by 81.7% during the first quarter. Waldron LP now owns 4,522 shares of the energy exploration company’s stock valued at $431,000 after buying an additional 2,033 shares during the last quarter. Pillar Pacific Capital Management LLC raised its position in shares of EOG Resources by 7.9% in the 1st quarter. Pillar Pacific Capital Management LLC now owns 33,650 shares of the energy exploration company’s stock valued at $3,283,000 after purchasing an additional 2,470 shares during the last quarter. Chicago Equity Partners LLC raised its position in shares of EOG Resources by 21.5% in the 1st quarter. Chicago Equity Partners LLC now owns 88,105 shares of the energy exploration company’s stock valued at $8,595,000 after purchasing an additional 15,620 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its position in shares of EOG Resources by 5.0% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 149,517 shares of the energy exploration company’s stock valued at $14,585,000 after purchasing an additional 7,128 shares during the last quarter. Finally, Capital One National Association raised its position in shares of EOG Resources by 1.7% in the 1st quarter. Capital One National Association now owns 14,783 shares of the energy exploration company’s stock valued at $1,443,000 after purchasing an additional 245 shares during the last quarter. 85.48% of the stock is owned by institutional investors.
Shares of EOG Resources, Inc. (NYSE:EOG) opened at 93.22 on Friday. The firm’s 50-day moving average price is $87.93 and its 200 day moving average price is $91.79. 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 $53.83 billion.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period in the prior year, the company posted ($0.38) EPS. The firm’s quarterly revenue was up 47.1% compared to the same quarter last year. On average, equities analysts predict that EOG Resources, Inc. will post $0.60 EPS for the current fiscal year.
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In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the 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 transaction, the executive vice president now owns 70,987 shares of the company’s stock, valued at approximately $6,262,473.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.53% of the company’s stock.
Several brokerages recently weighed in on EOG. BidaskClub upgraded shares of EOG Resources from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $111.00 price objective on shares of EOG Resources in a research note on Friday, May 26th. Zacks Investment Research raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Morgan Stanley upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $97.00 to $106.00 in a research report on Tuesday. Finally, Royal Bank Of Canada set a $115.00 target price on EOG Resources and gave the company a “hold” rating in a research report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $108.38.
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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