Estabrook Capital Management Maintains Holdings in EOG Resources, Inc. (EOG)
Estabrook Capital Management maintained its position in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,783 shares of the energy exploration company’s stock at the close of the 2nd quarter. Estabrook Capital Management’s holdings in EOG Resources were worth $161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently added to or reduced their stakes in the company. IHT Wealth Management LLC lifted its stake in EOG Resources by 4.1% in the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock worth $101,000 after acquiring an additional 41 shares during the period. Chicago Partners Investment Group LLC lifted its stake in EOG Resources by 60.0% in the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock worth $104,000 after acquiring an additional 401 shares during the period. Advantage Investment Management LLC lifted its stake in EOG Resources by 16.6% in the first quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock worth $105,000 after acquiring an additional 154 shares during the period. Winfield Associates Inc. lifted its stake in EOG Resources by 5.3% in the first quarter. Winfield Associates Inc. now owns 1,132 shares of the energy exploration company’s stock worth $111,000 after acquiring an additional 57 shares during the period. Finally, Exane Derivatives lifted its stake in EOG Resources by 19.8% in the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock worth $105,000 after acquiring an additional 192 shares during the period. 85.48% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $88.22, for a total transaction of $352,880.00. Following the transaction, the executive vice president now owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.53% of the company’s stock.
Shares of EOG Resources, Inc. (NYSE EOG) opened at 91.10 on Thursday. The firm’s market cap is $52.61 billion. The stock’s 50 day moving average price is $88.20 and its 200-day moving average price is $91.83. EOG Resources, Inc. has a 52-week low of $81.99 and a 52-week high of $109.37.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 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 company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the previous year, the business posted ($0.38) EPS. The business’s revenue for the quarter was up 47.1% on a year-over-year basis. On average, equities research analysts anticipate that EOG Resources, Inc. will post $0.60 earnings per share for the current fiscal year.
A number of brokerages recently commented on EOG. Morgan Stanley raised EOG Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $97.00 to $106.00 in a research note on Tuesday. ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $89.00 price target (down previously from $101.00) on shares of EOG Resources in a research note on Tuesday, August 29th. BidaskClub lowered EOG Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, Scotiabank set a $102.00 price target on EOG Resources and gave the stock a “hold” rating in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the company’s stock. EOG Resources currently has a consensus rating of “Buy” and a consensus target price of $108.38.
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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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