EOG Resources, Inc. (EOG) Position Decreased by Axa

Axa decreased its stake in EOG Resources, Inc. (NYSE:EOG) by 0.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 831,895 shares of the energy exploration company’s stock after selling 6,251 shares during the quarter. Axa owned 0.14% of EOG Resources worth $75,303,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in EOG. BlackRock Inc. boosted its position in EOG Resources by 2,098.0% during the 1st quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock worth $3,486,473,000 after acquiring an additional 34,114,299 shares during the period. Harbour Capital Advisors LLC boosted its position in EOG Resources by 9,208.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 937,697 shares of the energy exploration company’s stock worth $10,359,000 after acquiring an additional 927,623 shares during the period. Janus Capital Management LLC boosted its position in EOG Resources by 218.4% during the 1st quarter. Janus Capital Management LLC now owns 1,176,906 shares of the energy exploration company’s stock worth $114,807,000 after acquiring an additional 807,243 shares during the period. Point72 Asset Management L.P. boosted its position in EOG Resources by 124.6% during the 1st quarter. Point72 Asset Management L.P. now owns 1,333,534 shares of the energy exploration company’s stock worth $130,086,000 after acquiring an additional 739,890 shares during the period. Finally, Pioneer Investment Management Inc. boosted its position in EOG Resources by 29.1% during the 2nd quarter. Pioneer Investment Management Inc. now owns 2,800,310 shares of the energy exploration company’s stock worth $253,484,000 after acquiring an additional 630,584 shares during the period. Institutional investors and hedge funds own 85.48% of the company’s stock.

A number of equities research analysts have commented on EOG shares. FBR & Co set a $122.00 price objective on EOG Resources and gave the stock an “outperform” rating in a research report on Wednesday, May 17th. Stifel Nicolaus restated a “buy” rating and set a $111.00 price objective on shares of EOG Resources in a research report on Friday, May 26th. BidaskClub upgraded EOG Resources from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Zacks Investment Research upgraded EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $114.00 price objective on shares of EOG Resources in a research report on Wednesday, May 31st. Two 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 company currently has an average rating of “Buy” and an average target price of $108.38.

EOG Resources, Inc. (EOG) opened at 88.47 on Wednesday. The firm has a 50-day moving average price of $88.34 and a 200 day moving average price of $91.88. EOG Resources, Inc. has a 12 month low of $81.99 and a 12 month high of $109.37. The company’s market capitalization is $51.09 billion.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the prior year, the firm earned ($0.38) EPS. The firm’s revenue was up 47.1% compared to the same quarter last year. Analysts expect that EOG Resources, Inc. will post $0.60 EPS for the current year.

In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of EOG Resources stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $88.22, for a total value of $352,880.00. Following the completion of the transaction, the executive vice president now owns 70,987 shares in the company, valued at $6,262,473.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: “EOG Resources, Inc. (EOG) Position Decreased by Axa” was first posted by Markets Daily and is the sole property of of Markets Daily. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/09/13/eog-resources-inc-eog-position-decreased-by-axa.html.

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.

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG).

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

Receive News & Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply