Discovery Capital Management Has Boosted Its Holding in Eog Res (EOG) as Market Valuation Rose; As Simon Ppty Group New Com (SPG) Valuation Rose, Boston Common Asset Management Has Decreased by $3.20 Million Its Holding

June 20, 2018 - By Marguerite Chambers

EOG Resources, Inc. (NYSE:EOG) Logo

Rob Citrone increased its stake in Eog Res Inc (EOG) by 48.2% based on its latest 2018Q1 regulatory filing with the SEC. Discovery Capital Management Llc bought 375,200 shares as the company’s stock rose 7.55% while stock markets declined. The hedge fund run by Rob Citrone held 1.15 million shares of the energy company at the end of 2018Q1, valued at $121.45 million, up from 778,500 at the end of the previous reported quarter. Discovery Capital Management Llc who had been investing in Eog Res Inc for a number of months, seems to be bullish on the $69.15B market cap company. The stock increased 2.03% or $2.38 during the last trading session, reaching $119.46. About 2.13 million shares traded. EOG Resources, Inc. (NYSE:EOG) has risen 29.38% since June 20, 2017 and is uptrending. It has outperformed by 16.81% the S&P500. Some Historical EOG News: 09/05/2018 – EOG Resources at UBS Global Oil & Gas Conference May 23; 09/03/2018 Report: Exploring Fundamental Drivers Behind EOG Resources, Alteryx, Synthetic Biologics, Extreme Networks, Knight-Swift Transp; 21/05/2018 – EOG RESOURCES INC EOG.N : SIMMONS RAISES TARGET PRICE TO $138 FROM $123; 04/05/2018 – EOG SAYS EAGLE FORD IN TEXAS STILL HAS `SIGNIFICANT UPSIDE’; 03/05/2018 – EOG Resources: Maintained Forecast for 2018 Cap Expenditures of $5.4B-$5.8B; 04/05/2018 – EOG BELIEVES ITS DIVIDEND SUSTAINABLE THROUGH COMMODITY CYCLES; 27/03/2018 – Ernest Scheyder: EOG Resources expects service costs in the Permian to drop 9 percent this year. (That’s because it; 27/03/2018 – EOG RESOURCES INC EOG.N CHIEF EXECUTIVE BILL THOMAS SAYS HAS LOCKED IN 60 PCT OF OILFIELD SERVICE NEEDS FOR 2018; 04/05/2018 – EOG SAYS CAN REDUCE DEBT, GROW DIVIDEND AT MOST OIL PRICES; 03/05/2018 – EOG Resources 1Q Net $638.6M

Boston Common Asset Management Llc decreased its stake in Simon Ppty Group Inc New Com (SPG) by 93.78% based on its latest 2018Q1 regulatory filing with the SEC. Boston Common Asset Management Llc sold 20,750 shares as the company’s stock rose 0.26% while stock markets declined. The institutional investor held 1,377 shares of the consumer services company at the end of 2018Q1, valued at $213,000, down from 22,127 at the end of the previous reported quarter. Boston Common Asset Management Llc who had been investing in Simon Ppty Group Inc New Com for a number of months, seems to be less bullish one the $59.95 billion market cap company. The stock increased 1.66% or $2.75 during the last trading session, reaching $168.14. About 1.30M shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 0.75% since June 20, 2017 and is downtrending. It has underperformed by 13.32% the S&P500. Some Historical SPG News: 27/04/2018 – SIMON PROPERTY GROUP INC QTRLY COMPARABLE PROPERTY NOI GROWTH WAS 2.3%; 24/05/2018 – Simon® Celebrates Members of Armed Forces with Year-Round Military Appreciation Programming; 27/04/2018 – SIMON PROPERTY SPG.N SEES FY 2018 FFO SHR $11.95 TO $12.05; 21/05/2018 – Simon to Install Ultra-Fast Electric Vehicle Chargers at more than 30 Shopping Centers; 16/05/2018 – Simon Transforms Global Retail With A $4.0B Investment To Create Experiential Destinations Of The Future; 19/03/2018 – France’s Klepierre swoops on Hammerson before rival deal is sealed; 27/04/2018 – Simon Property 1Q-End U.S. Malls, Premium Outlets Occupancy 94.6%; 17/05/2018 – Marriott International And Simon Expand Relationship; 27/04/2018 – Simon Property Sees FY FFO $11.95/Shr-FFO $12.05/Shr; 19/03/2018 – S&PGR Affirms Rtgs On Simon Property Group; Otlk Stable

Investors sentiment decreased to 0.93 in 2018 Q1. Its down 0.06, from 0.99 in 2017Q4. It turned negative, as 59 investors sold SPG shares while 208 reduced holdings. 69 funds opened positions while 178 raised stakes. 288.17 million shares or 1.90% less from 293.74 million shares in 2017Q4 were reported. Nomura Asset Mngmt holds 237,057 shares. Old Mutual Customised Solutions (Proprietary) Ltd has invested 0.09% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). Caisse De Depot Et Placement Du Quebec holds 0.01% of its portfolio in Simon Property Group, Inc. (NYSE:SPG) for 36,300 shares. Convergence Prns Lc holds 555 shares. Gofen And Glossberg Limited Liability Company Il holds 0.07% or 12,883 shares. Adage Cap Grp Lc owns 417,463 shares for 0.15% of their portfolio. Teachers Retirement Sys Of The State Of Kentucky has 168,816 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.15% or 105,193 shares in its portfolio. Cibc Asset Mgmt owns 130,898 shares for 0.13% of their portfolio. Fmr owns 6.35 million shares. State Common Retirement Fund accumulated 883,400 shares. The Illinois-based Thomas White Intl Limited has invested 0.07% in Simon Property Group, Inc. (NYSE:SPG). Horizon Kinetics Llc holds 2,924 shares. Sumitomo Mitsui Trust reported 1.14 million shares. Bahl & Gaynor owns 253,444 shares.

Analysts await Simon Property Group, Inc. (NYSE:SPG) to report earnings on August, 7. They expect $2.90 earnings per share, up 17.41% or $0.43 from last year’s $2.47 per share. SPG’s profit will be $1.03B for 14.49 P/E if the $2.90 EPS becomes a reality. After $2.87 actual earnings per share reported by Simon Property Group, Inc. for the previous quarter, Wall Street now forecasts 1.05% EPS growth.

Boston Common Asset Management Llc, which manages about $24.33B and $848.83 million US Long portfolio, upped its stake in The Charles Schwab Corp (NYSE:SCHW) by 6,840 shares to 27,015 shares, valued at $1.41 million in 2018Q1, according to the filing. It also increased its holding in Sociedad Quimica Minera De Chi (NYSE:SQM) by 22,303 shares in the quarter, for a total of 534,181 shares, and has risen its stake in Hang Lung Pptys Ltd Sponsored (HLPPY).

Among 22 analysts covering Simon Property Group (NYSE:SPG), 15 have Buy rating, 0 Sell and 7 Hold. Therefore 68% are positive. Simon Property Group had 70 analyst reports since July 21, 2015 according to SRatingsIntel. J.P. Morgan downgraded the stock to “Hold” rating in Tuesday, March 27 report. The stock has “Buy” rating by Evercore on Tuesday, September 8. On Friday, July 14 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Simon Property Group, Inc. (NYSE:SPG) earned “Buy” rating by Jefferies on Monday, September 25. Citigroup maintained it with “Buy” rating and $235 target in Friday, April 1 report. The rating was maintained by Mizuho on Sunday, October 29 with “Buy”. On Monday, February 12 the stock rating was maintained by Jefferies with “Buy”. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, November 1. The firm has “Buy” rating by Goldman Sachs given on Tuesday, June 20. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, July 18 report.

More news for Simon Property Group, Inc. (NYSE:SPG) were recently published by: Seekingalpha.com, which released: “Hersha Hospitality Trust: An Unusual Divergence Creates A 7% Yield For Dividend Investors” on June 01, 2018. Seekingalpha.com‘s article titled: “Tanger Factory Outlet Centers: A Dividend Aristocrat On Sale” and published on June 12, 2018 is yet another important article.

Among 39 analysts covering EOG Resources (NYSE:EOG), 29 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. EOG Resources had 136 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, November 6 by RBC Capital Markets. CapitalOne upgraded EOG Resources, Inc. (NYSE:EOG) on Wednesday, November 16 to “Overweight” rating. The firm has “Outperform” rating by Bernstein given on Monday, May 16. The stock of EOG Resources, Inc. (NYSE:EOG) earned “Neutral” rating by Citigroup on Friday, July 21. The company was initiated on Monday, December 11 by Credit Suisse. The stock has “Hold” rating by RBC Capital Markets on Thursday, March 1. The firm has “Positive” rating given on Tuesday, January 26 by Susquehanna. The stock of EOG Resources, Inc. (NYSE:EOG) earned “Buy” rating by Morgan Stanley on Tuesday, September 12. Cowen & Co initiated EOG Resources, Inc. (NYSE:EOG) on Wednesday, March 30 with “Market Perform” rating. On Friday, November 17 the stock rating was maintained by Robert W. Baird with “Buy”.

Since January 10, 2018, it had 0 buys, and 8 selling transactions for $15.34 million activity. 890 shares valued at $103,071 were sold by WISNER FRANK G on Monday, May 7. $646,120 worth of stock was sold by Trice David W on Friday, January 12. Shares for $568,150 were sold by Janssen Ann D.. On Thursday, May 17 the insider DRIGGERS TIMOTHY K sold $1.32M. $1.75M worth of EOG Resources, Inc. (NYSE:EOG) was sold by Donaldson Michael P on Thursday, January 11.

Discovery Capital Management Llc, which manages about $37.50 billion and $2.86 billion US Long portfolio, decreased its stake in Banco Macro Sa (NYSE:BMA) by 112,997 shares to 350,232 shares, valued at $37.82 million in 2018Q1, according to the filing. It also reduced its holding in Time Warner Inc (NYSE:TWX) by 277,000 shares in the quarter, leaving it with 428,212 shares, and cut its stake in Grupo Supervielle S A.

More important recent EOG Resources, Inc. (NYSE:EOG) news were published by: 247Wallst.com which released: “Natural Gas Price Slips on Large Build to Stockpiles” on June 14, 2018, also Investorplace.com published article titled: “New Lows Almost Certainly Are in the Future for Petrobras Stock”, Seekingalpha.com published: “EOG Resources Is The Best In The Business, And Keeps Getting Better” on June 05, 2018. More interesting news about EOG Resources, Inc. (NYSE:EOG) was released by: Prnewswire.com and their article: “EnerCom Announces Presenting Companies for The Oil & Gas Conference® 23” with publication date: June 20, 2018.

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

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