Eog Resources Inc (NYSE:EOG) Institutional Investor Sentiment Is 0.99

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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 worsened, as 343 institutional investors opened new and increased holdings, while 346 sold and reduced their equity positions in Eog Resources Inc. The institutional investors in our partner’s database now have: 486.44 million shares, up from 486.39 million shares in 2019Q1. Also, the number of institutional investors holding Eog Resources Inc in their top 10 holdings 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 earnings per share, down 29.14 % or $0.51 from last year’s $1.75 per share. EOG’s profit will be $720.02M for 16.01 P/E if the $1.24 EPS becomes a reality. After $1.31 actual earnings per share 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. Morgan Stanley maintained EOG Resources, Inc. (NYSE:EOG) rating on Monday, June 24. Morgan Stanley has “Hold” rating and $101 target. As per Thursday, August 29, the company rating was maintained by JP Morgan. Oppenheimer initiated EOG Resources, Inc. (NYSE:EOG) rating on Tuesday, March 26. Oppenheimer has “Buy” rating and $108 target. On Thursday, August 22 the stock rating was maintained by Oppenheimer with “Outperform”. The firm earned “Outperform” rating on Monday, August 12 by Wells Fargo. The firm earned “Buy” rating on Tuesday, August 13 by Citigroup. The rating was maintained by KeyBanc Capital Markets on Monday, April 22 with “Overweight”.

More notable recent EOG Resources, Inc. (NYSE:EOG) news were published by: Finance.Yahoo.com which released: “Did You Manage To Avoid EOG Resources’s (NYSE:EOG) 25% Share Price Drop? – Yahoo Finance” on May 29, 2019, also Finance.Yahoo.com with their article: “What Should You Know About EOG Resources, Inc.’s (NYSE:EOG) Future? – Yahoo Finance” published on September 11, 2019, Finance.Yahoo.com published: “Wall Street Moves Up Thursday – Yahoo Finance” on August 29, 2019. More interesting news about EOG Resources, Inc. (NYSE:EOG) were released by: Finance.Yahoo.com and their article: “What Type Of Shareholder Owns EOG Resources, Inc.’s (NYSE:EOG)? – Yahoo Finance” published on July 27, 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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