EOG Resources, Inc. (NYSE:EOG) Holdings Raised by Banque Pictet & Cie SA

Banque Pictet & Cie SA boosted its position in EOG Resources, Inc. (NYSE:EOG) by 15.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 329,151 shares of the energy exploration company’s stock after acquiring an additional 44,757 shares during the quarter. Banque Pictet & Cie SA owned 0.06% of EOG Resources worth $29,795,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. Waldron LP increased its stake in EOG Resources by 81.7% in the first quarter. Waldron LP now owns 4,522 shares of the energy exploration company’s stock valued at $431,000 after acquiring an additional 2,033 shares during the last quarter. Jennison Associates LLC increased 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 valued at $680,055,000 after acquiring an additional 1,816,980 shares during the last quarter. Advisor Partners LLC increased its stake in EOG Resources by 3.1% in the first quarter. Advisor Partners LLC now owns 9,444 shares of the energy exploration company’s stock valued at $921,000 after acquiring an additional 281 shares during the last quarter. SPC Financial Inc. increased its stake in EOG Resources by 6.7% in the first quarter. SPC Financial Inc. now owns 12,025 shares of the energy exploration company’s stock valued at $1,173,000 after acquiring an additional 760 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in EOG Resources in the first quarter valued at $1,001,000. 85.48% of the stock is currently owned by institutional investors and hedge funds.

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A number of research analysts have recently issued reports on the company. Barclays PLC reaffirmed an “overweight” rating and set a $101.00 price objective (up from $94.00) on shares of EOG Resources in a research note on Wednesday, August 9th. BidaskClub raised EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Scotiabank reaffirmed a “hold” rating and set a $100.00 price objective on shares of EOG Resources in a research note on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $111.00 price objective on shares of EOG Resources in a research note on Friday, July 14th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 price objective on shares of EOG Resources in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have assigned a buy rating to the company. EOG Resources presently has an average rating of “Buy” and a consensus target price of $108.38.

Shares of EOG Resources, Inc. (EOG) traded up 1.57% during midday trading on Friday, hitting $93.22. 4,057,790 shares of the company traded hands. The company has a 50-day moving average price of $87.93 and a 200-day moving average price of $91.79. The stock’s market capitalization is $53.83 billion. EOG Resources, Inc. has a 52 week low of $81.99 and a 52 week high of $109.37.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The company’s revenue was up 47.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.38) EPS. Analysts anticipate that EOG Resources, Inc. will post $0.60 earnings per share for the current fiscal year.

In other EOG Resources news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $6,262,473.14. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.53% of the company’s stock.

EOG Resources 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.

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

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