Economy

EOG Resources swings to 3rd-qtr profit on rising oil prices

EOG Resources Inc. has a one year low of $57.15 and a one year high of $98.32. (NYSE:EOG) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission.

A pretty useful way to understand how institutional investors view a certain stock's value is by taking a look at a public company's institutional holdings - especially current active positions. RBC Capital Markets maintained EOG Resources Inc (NYSE:EOG) on Monday, November 9 with "Outperform" rating. Usca Ria LLC now owns 15,651 shares of the energy exploration company's stock valued at $1,417,000 after purchasing an additional 10,939 shares during the last quarter. Stifel Financial Corp increased its position in shares of EOG Resources by 67.8% during the first quarter. United Services Automobile Association now owns 603,799 shares of the energy exploration company's stock worth $58,901,000 after purchasing an additional 40,460 shares during the last quarter.

EOG Resources ( EOG ) easily beat quarterly estimates late Thursday and announced two new oil plays. The ratio worsened, as 387 investment managers started new or increased stock positions, while 381 sold and decreased stock positions in Eog Resources Inc. Boltwood Capital Management now owns 4,720 shares of the energy exploration company's stock worth $394,000 after buying an additional 150 shares during the last quarter. The institutional holder with the second most shares is Vanguard Group Inc with a total of 41,179,515. Citizens Financial Group Inc. The stock had a trading volume of 2,340,304 shares.

TRADEMARK VIOLATION NOTICE: "Intact Investment Management Inc".

EOG Resources, Inc. explores for, develops, produces and markets natural gas and crude oil 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 global areas. "(EOG)" was originally published by Week Herald and is the sole property of of Week Herald. EOG Resources Inc (NYSE:EOG) has risen 17.15% since November 2, 2016 and is uptrending. BMO Capital Markets reiterated a "buy" rating and set a $95.00 price objective on shares of EOG Resources in a research report on Friday, August 4th. The stock was sold at an average price of $94.13, for a total value of $123,310.30. Following the completion of the sale, the director now owns 53,196 shares of the company's stock, valued at approximately $5,161,607.88. The Torray Llc holds 163,494 shares with $14.80 million value, down from 175,221 last quarter. The shares were sold at an average price of $93.00, for a total value of $415,152.00. Also, EVP Michael P. Donaldson sold 4,464 shares of the company's stock in a transaction on Monday, November 7th. The disclosure for this sale can be found here.

We can get a good amount of insight about how a publicly-traded company is doing, financially speaking, by looking at how its insiders are buying and selling.

EOG has been the subject of several research reports. Out of 39 Wall Street analysts rating EOG Resources, 29 give it "Buy", 0 "Sell" rating, while 10 recommend "Hold". Barclays PLC raised their price objective on EOG Resources from $101.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 11th. Finally, Scotiabank reiterated a "hold" rating and issued a $100.00 target price on shares of EOG Resources in a report on Thursday, August 3rd. Of those analysts, 16 rate stock as a Strong Buy, 5 rate it as Hold, and just no analyst rates it as a Moderate Sell. EOG Resources presently has an average rating of "Buy" and a consensus target price of $108.68.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 1st. Riverpoint Cap Mngmt Limited Liability Corp invested 0.93% of its portfolio in EOG Resources Inc (NYSE:EOG). The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period previous year, the firm posted ($0.38) EPS. The firm's revenue for the quarter was up 47.1% compared to the same quarter past year. Shareholders of record on Tuesday, October 17th were given a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, October 13th. (NYSE:EOG) opened at 99.87 on Wednesday. WIS operates under the brand, WesternOne Infrastructure Services and provides heat and related services to the construction, infrastructure and gas and oil sectors, and aerial equipment for construction, television and movie production.



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