Hills Bank & Trust Co. Raises Position in EOG Resources, Inc. (NYSE:EOG)
Hills Bank & Trust Co. raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 19,697 shares of the energy exploration company’s stock after buying an additional 123 shares during the period. Hills Bank & Trust Co.’s holdings in EOG Resources were worth $1,783,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Israel Discount Bank of New York purchased a new position in EOG Resources during the first quarter valued at about $556,000. First Citizens Bank & Trust Co. purchased a new position in EOG Resources during the first quarter valued at about $3,612,000. Morse Asset Management Inc purchased a new position in EOG Resources during the first quarter valued at about $5,899,000. Atria Investments LLC raised its position in EOG Resources by 35.1% in the first quarter. Atria Investments LLC now owns 4,988 shares of the energy exploration company’s stock valued at $487,000 after buying an additional 1,296 shares during the last quarter. Finally, Engineers Gate Manager LP raised its position in EOG Resources by 79.2% in the first quarter. Engineers Gate Manager LP now owns 30,107 shares of the energy exploration company’s stock valued at $2,937,000 after buying an additional 13,304 shares during the last quarter. Institutional investors and hedge funds own 85.14% of the company’s stock.
Shares of EOG Resources, Inc. (EOG) traded down 1.609% on Monday, hitting $88.995. The stock had a trading volume of 685,209 shares. The stock’s market capitalization is $51.39 billion. EOG Resources, Inc. has a 52 week low of $79.67 and a 52 week high of $109.37. The firm has a 50-day moving average price of $90.89 and a 200-day moving average price of $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 (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.02. The business had revenue of $2.61 billion for 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 firm’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same period last year, the business posted ($0.38) EPS. Equities analysts expect that EOG Resources, Inc. will post $0.62 earnings per share for the current fiscal year.
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EOG has been the subject of several recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $111.00 price objective on shares of EOG Resources in a research report on Friday, May 26th. Scotiabank reaffirmed a “hold” rating and set a $109.00 price objective on shares of EOG Resources in a research report on Tuesday, May 16th. Credit Suisse Group set a $108.00 price objective on shares of EOG Resources and gave the stock a “hold” rating in a research report on Friday, June 2nd. Barclays PLC reaffirmed an “overweight” rating and set a $101.00 price objective (up previously from $94.00) on shares of EOG Resources in a research report on Thursday. Finally, Wells Fargo & Company raised shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. EOG Resources currently has an average 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.
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