Bartlett & Co. LLC Cuts Stake in EOG Resources Inc (EOG)


Bartlett & Co. LLC decreased its position in shares of EOG Resources Inc (NYSE:EOG) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,330 shares of the energy exploration company’s stock after selling 69 shares during the period. Bartlett & Co. LLC’s holdings in EOG Resources were worth $935,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in EOG Resources by 2,098.0% in the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock valued at $3,486,473,000 after buying an additional 34,114,299 shares during the period. Jennison Associates LLC increased its stake in shares of EOG Resources by 35.3% in the first quarter. Jennison Associates LLC now owns 6,971,347 shares of the energy exploration company’s stock worth $680,055,000 after buying an additional 1,816,980 shares during the period. Janus Capital Management LLC increased its stake in shares of EOG Resources by 218.4% in the first quarter. Janus Capital Management LLC now owns 1,176,906 shares of the energy exploration company’s stock worth $114,807,000 after buying an additional 807,243 shares during the period. Point72 Asset Management L.P. increased its stake in shares of EOG Resources by 124.6% in the first quarter. Point72 Asset Management L.P. now owns 1,333,534 shares of the energy exploration company’s stock worth $130,086,000 after buying an additional 739,890 shares during the period. Finally, Morgan Stanley increased its stake in shares of EOG Resources by 18.3% in the first quarter. Morgan Stanley now owns 3,976,148 shares of the energy exploration company’s stock worth $387,872,000 after buying an additional 614,945 shares during the period. Institutional investors and hedge funds own 84.95% of the company’s stock.

Shares of EOG Resources Inc (EOG) opened at 90.45 on Friday. EOG Resources Inc has a 12 month low of $79.67 and a 12 month high of $109.37. The stock’s market capitalization is $52.23 billion. The firm’s 50 day moving average is $90.89 and its 200 day moving average is $94.81.

EOG Resources (NYSE:EOG) last issued its earnings results 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. EOG Resources had a return on equity of 0.66% and a net margin of 0.88%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period in the prior year, the business earned ($0.38) earnings per share. EOG Resources’s quarterly revenue was up 47.1% on a year-over-year basis. On average, equities analysts predict that EOG Resources Inc will post $0.62 earnings per share for the current fiscal year.

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A number of brokerages recently issued reports on EOG. BMO Capital Markets reissued a “buy” rating and set a $95.00 price target on shares of EOG Resources in a report on Friday. Barclays PLC reissued an “overweight” rating and set a $101.00 price target (up from $94.00) on shares of EOG Resources in a report on Thursday. Scotiabank reissued a “hold” rating and set a $100.00 price target on shares of EOG Resources in a report on Thursday. BidaskClub raised shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Zacks Investment Research raised shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. EOG Resources currently has a consensus rating of “Buy” and an average price target of $108.23.

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.

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)




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