Institutional Investor Sentiment About Eog Resources Inc (NYSE:EOG) Increased

September 30, 2018 - By Jason Dias

EOG Resources, Inc. (NYSE:EOG) Logo

Sentiment for Eog Resources Inc (NYSE:EOG)

Eog Resources Inc (NYSE:EOG) institutional sentiment increased to 1.05 in Q2 2018. Its up 0.17, from 0.88 in 2018Q1. The ratio increased, as 374 institutional investors opened new or increased positions, while 355 sold and trimmed holdings in Eog Resources Inc. The institutional investors in our partner’s database reported: 483.89 million shares, up from 478.95 million shares in 2018Q1. Also, the number of institutional investors holding Eog Resources Inc in their top 10 positions increased from 16 to 20 for an increase of 4. Sold All: 51 Reduced: 304 Increased: 290 New Position: 84.

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets natural gas and crude oil. The company has market cap of $73.89 billion. The companyÂ’s principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and Canada, the Republic of Trinidad and Tobago, the United Kingdom, and the People's Republic of China. It has a 19.13 P/E ratio. As of December 31, 2016, it had total estimated net proved reserves of 2,147 million barrels of oil equivalent, including 1,178 million barrels crude oil and condensate reserves; 416 MMBbl of natural gas liquid reserves; and 3,318 billion cubic feet of natural gas reserves.

The stock increased 0.45% or $0.57 during the last trading session, reaching $127.57. About 2.72 million shares traded or 8.50% up from the average. EOG Resources, Inc. (NYSE:EOG) has risen 32.18% since September 30, 2017 and is uptrending. It has outperformed by 16.56% the S&P500.

Analysts await EOG Resources, Inc. (NYSE:EOG) to report earnings on November, 1. They expect $1.48 earnings per share, up 678.95 % or $1.29 from last year’s $0.19 per share. EOG’s profit will be $857.22 million for 21.55 P/E if the $1.48 EPS becomes a reality. After $1.37 actual earnings per share reported by EOG Resources, Inc. for the previous quarter, Wall Street now forecasts 8.03 % EPS growth.

Northside Capital Management Llc holds 28.12% of its portfolio in EOG Resources, Inc. for 641,734 shares. Waverton Investment Management Ltd owns 124 shares or 5.22% of their US portfolio. Moreover, Lyrical Asset Management Lp has 4.7% invested in the company for 3.03 million shares. The Connecticut-based Discovery Capital Management Llc Ct has invested 4.17% in the stock. Westport Asset Management Inc, a Connecticut-based fund reported 55,077 shares.

Since January 1, 0001, it had 0 insider purchases, and 8 insider sales for $15.47 million activity.

EOG Resources, Inc. (NYSE:EOG) Ratings Coverage

Ratings analysis reveals 64% of EOG Resources’s analysts are positive. Out of 14 Wall Street analysts rating EOG Resources, 9 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $113 while the high is $173. The stock’s average target of $135.17 is 5.96% above today’s ($127.57) share price. EOG was included in 18 notes of analysts from April 11, 2018. The firm earned “Neutral” rating on Friday, May 4 by Bank of America. The stock has “Buy” rating by Bank of America on Thursday, May 10. Susquehanna maintained EOG Resources, Inc. (NYSE:EOG) on Thursday, April 19 with “Hold” rating. The firm has “Overweight” rating given on Friday, September 28 by PiperJaffray. The rating was maintained by Stifel Nicolaus on Monday, April 23 with “Buy”. Morgan Stanley maintained it with “Equal-Weight” rating and $123 target in Wednesday, September 26 report. The company was maintained on Thursday, August 16 by Morgan Stanley. The firm earned “Buy” rating on Wednesday, April 11 by BMO Capital Markets. The company was maintained on Tuesday, May 1 by JP Morgan. The stock of EOG Resources, Inc. (NYSE:EOG) earned “Hold” rating by Tudor Pickering on Thursday, May 10.

More news for EOG Resources, Inc. (NYSE:EOG) were recently published by: Seekingalpha.com, which released: “EOG CEO Thomas sees ‘more subdued’ Permian growth” on September 07, 2018. Seekingalpha.com‘s article titled: “Estimating The Profitability Of EOG Resources” and published on September 21, 2018 is yet another important article.

EOG Resources, Inc. (NYSE:EOG) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: