Eog Resources Inc (NYSE:EOG) Move as Institutional Investors’ Sentiment Worsens

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Sentiment for Eog Resources Inc (NYSE:EOG)

Eog Resources Inc (NYSE:EOG) institutional sentiment decreased to 0.99 in 2019 Q2. Its down -0.21, from 1.2 in 2019Q1. The ratio has dropped, as 343 investment professionals started new and increased stock positions, while 346 sold and trimmed stock positions in Eog Resources Inc. The investment professionals in our partner’s database now own: 486.44 million shares, up from 486.39 million shares in 2019Q1. Also, the number of investment professionals holding Eog Resources Inc in their top 10 stock positions was flat from 8 to 8 for the same number . Sold All: 51 Reduced: 295 Increased: 272 New Position: 71.

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets natural gas and crude oil. The company has market cap of $46.10 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 12.91 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 decreased 0.36% or $0.29 during the last trading session, reaching $79.39. About 3.92 million shares traded or 7.10% up from the average. EOG Resources, Inc. (NYSE:EOG) has declined 33.91% since September 13, 2018 and is downtrending. It has underperformed by 33.91% the S&P500.

Analysts await EOG Resources, Inc. (NYSE:EOG) to report earnings on November, 7. They expect $1.24 EPS, down 29.14 % or $0.51 from last year’s $1.75 per share. EOG’s profit will be $720.02 million for 16.01 P/E if the $1.24 EPS becomes a reality. After $1.31 actual EPS reported by EOG Resources, Inc. for the previous quarter, Wall Street now forecasts -5.34 % negative EPS growth.

Northside Capital Management Llc holds 20.02% of its portfolio in EOG Resources, Inc. for 547,380 shares. Energy Opportunities Capital Management Llc owns 23,300 shares or 5.42% of their US portfolio. Moreover, Lyrical Asset Management Lp has 4.17% invested in the company for 3.23 million shares. The United Kingdom-based Waverton Investment Management Ltd has invested 4.08% in the stock. Adams Natural Resources Fund Inc., a Maryland-based fund reported 250,200 shares.

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

Ratings analysis reveals 83% of EOG Resources’s analysts are positive. Out of 6 Wall Street analysts rating EOG Resources, 5 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $10000 while the high is $11600. The stock’s average target of $104.71 is 31.89% above today’s ($79.39) share price. EOG was included in 16 notes of analysts from March 21, 2019. On Monday, April 22 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The stock has “Outperform” rating by Oppenheimer on Thursday, August 22. The company was maintained on Monday, August 12 by Wells Fargo. The rating was maintained by Morgan Stanley on Monday, June 24 with “Hold”. The firm earned “Overweight” rating on Thursday, August 29 by JP Morgan. Oppenheimer initiated the stock with “Buy” rating in Tuesday, March 26 report. Citigroup maintained EOG Resources, Inc. (NYSE:EOG) rating on Tuesday, August 13. Citigroup has “Buy” rating and $11600 target.

More notable recent EOG Resources, Inc. (NYSE:EOG) news were published by: Finance.Yahoo.com which released: “What Type Of Shareholder Owns EOG Resources, Inc.’s (NYSE:EOG)? – Yahoo Finance” on July 27, 2019, also Fool.com with their article: “This Oil Stock’s Ambition Is to Become an Attractive Dividend Stock – Motley Fool” published on August 24, 2019, Seekingalpha.com published: “An Interesting Subject To Analyze: EOG Resources – Seeking Alpha” on September 02, 2019. More interesting news about EOG Resources, Inc. (NYSE:EOG) were released by: Finance.Yahoo.com and their article: “Wall Street Moves Up Thursday – Yahoo Finance” published on August 29, 2019 as well as Finance.Yahoo.com‘s news article titled: “Bill Nygren Drills Into Permian Basin Oil – Yahoo Finance” with publication date: August 22, 2019.

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

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