Jag Capital Management LLC Has $2.27 Million Position in EOG Resources, Inc. (EOG)
Jag Capital Management LLC decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 25,088 shares of the energy exploration company’s stock after selling 319 shares during the period. Jag Capital Management LLC’s holdings in EOG Resources were worth $2,271,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the stock. BlackRock Inc. boosted 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 worth $3,486,473,000 after buying an additional 34,114,299 shares during the period. Jennison Associates LLC boosted its stake in 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. Neuberger Berman Group LLC boosted its stake in EOG Resources by 3.7% in the first quarter. Neuberger Berman Group LLC now owns 6,507,833 shares of the energy exploration company’s stock worth $634,839,000 after buying an additional 231,183 shares during the period. Geode Capital Management LLC boosted its stake in EOG Resources by 10.4% in the first quarter. Geode Capital Management LLC now owns 5,514,351 shares of the energy exploration company’s stock worth $537,142,000 after buying an additional 517,310 shares during the period. Finally, American Century Companies Inc. boosted its stake in EOG Resources by 14.9% in the first quarter. American Century Companies Inc. now owns 4,434,418 shares of the energy exploration company’s stock worth $432,577,000 after buying an additional 576,162 shares during the period. Hedge funds and other institutional investors own 85.14% of the company’s stock.
Shares of EOG Resources, Inc. (EOG) traded down 1.12% during mid-day trading on Monday, reaching $89.44. The company’s stock had a trading volume of 1,145,930 shares. The firm’s 50 day moving average price is $90.89 and its 200-day moving average price is $94.81. EOG Resources, Inc. has a 1-year low of $79.67 and a 1-year high of $109.37. The company’s market capitalization is $51.65 billion.
EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ 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 quarter last year, the business posted ($0.38) EPS. The firm’s revenue was up 47.1% compared to the same quarter last year. On average, analysts predict that EOG Resources, Inc. will post $0.62 EPS for the current year.
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A number of equities research analysts have recently commented on EOG shares. Sanford C. Bernstein restated an “outperform” rating on shares of EOG Resources in a research report on Friday, July 7th. Stifel Nicolaus restated a “buy” rating and set a $111.00 target price on shares of EOG Resources in a research report on Friday, July 14th. ValuEngine upgraded EOG Resources from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. cut EOG Resources from a “buy” rating to a “neutral” rating and dropped their target price for the company from $112.00 to $98.00 in a research report on Friday, July 21st. 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. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have issued a buy rating to the company. EOG Resources presently has a consensus rating of “Buy” and an average price target of $108.23.
EOG Resources Company Profile
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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