Usca Ria Cut Its Holding in Eog Res (EOG) as Share Price Declined; Emerald Mutual Fund Advisers Trust Continues to Hold Position in Opus Bank (OPB)

April 24, 2018 - By Pete Kolinski

EOG Resources, Inc. (NYSE:EOG) Logo

Emerald Mutual Fund Advisers Trust increased its stake in Opus Bank (OPB) by 50.39% based on its latest 2017Q4 regulatory filing with the SEC. Emerald Mutual Fund Advisers Trust bought 269,269 shares as the company’s stock declined 1.06% with the market. The institutional investor held 803,649 shares of the company at the end of 2017Q4, valued at $21.94 million, up from 534,380 at the end of the previous reported quarter. Emerald Mutual Fund Advisers Trust who had been investing in Opus Bank for a number of months, seems to be bullish on the $1.04 billion market cap company. The stock increased 0.43% or $0.12 during the last trading session, reaching $28.98. About 5,768 shares traded. Opus Bank (NASDAQ:OPB) has risen 46.46% since April 24, 2017 and is uptrending. It has outperformed by 34.91% the S&P500.

Usca Ria Llc decreased its stake in Eog Res Inc (EOG) by 29.02% based on its latest 2017Q4 regulatory filing with the SEC. Usca Ria Llc sold 4,542 shares as the company’s stock declined 0.73% with the market. The institutional investor held 11,109 shares of the energy company at the end of 2017Q4, valued at $1.20 million, down from 15,651 at the end of the previous reported quarter. Usca Ria Llc who had been investing in Eog Res Inc for a number of months, seems to be less bullish one the $66.79B market cap company. The stock increased 0.52% or $0.5925 during the last trading session, reaching $115.4325. About 79,011 shares traded. EOG Resources, Inc. (NYSE:EOG) has risen 13.87% since April 24, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

Emerald Mutual Fund Advisers Trust, which manages about $1.06 billion and $2.52B US Long portfolio, decreased its stake in Tennant Co (NYSE:TNC) by 123,985 shares to 56,951 shares, valued at $4.14M in 2017Q4, according to the filing. It also reduced its holding in Bluebird Bio Inc (NASDAQ:BLUE) by 79,412 shares in the quarter, leaving it with 68,485 shares, and cut its stake in Red Robin Gourmet Burgers Inc (NASDAQ:RRGB).

Among 9 analysts covering Opus Bank (NASDAQ:OPB), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Opus Bank had 20 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Opus Bank (NASDAQ:OPB) earned “Hold” rating by Keefe Bruyette & Woods on Monday, February 26. PiperJaffray downgraded Opus Bank (NASDAQ:OPB) on Tuesday, January 23 to “Neutral” rating. Sandler O’Neill downgraded the stock to “Hold” rating in Thursday, October 20 report. The stock of Opus Bank (NASDAQ:OPB) has “Neutral” rating given on Monday, January 30 by JP Morgan. On Monday, January 30 the stock rating was downgraded by Hovde Group to “Market Perform”. The firm earned “Hold” rating on Friday, April 6 by Hovde Group. The company was maintained on Monday, July 10 by Piper Jaffray. The stock of Opus Bank (NASDAQ:OPB) has “Mkt Perform” rating given on Tuesday, October 25 by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. The firm has “Buy” rating given on Thursday, October 5 by Piper Jaffray.

Investors sentiment increased to 0.97 in Q4 2017. Its up 0.15, from 0.82 in 2017Q3. It improved, as 48 investors sold EOG shares while 332 reduced holdings. 112 funds opened positions while 257 raised stakes. 477.30 million shares or 0.36% less from 479.04 million shares in 2017Q3 were reported. Gardner Lewis Asset Management Lp owns 83,138 shares. Arizona State Retirement System accumulated 169,476 shares or 0.18% of the stock. Illinois-based Drw Securities Ltd Llc has invested 0.09% in EOG Resources, Inc. (NYSE:EOG). Hightower Advsr Lc has 84,429 shares for 0.07% of their portfolio. Sandy Spring Natl Bank owns 6,687 shares. Veritable Ltd Partnership holds 47,721 shares or 0.1% of its portfolio. Viking Fund Limited Company stated it has 53,000 shares. Mutual Of America Capital Management Limited Liability Company invested in 72,512 shares. Winslow Asset reported 1.49% of its portfolio in EOG Resources, Inc. (NYSE:EOG). Duquesne Family Office Limited Liability holds 2.85% or 524,700 shares. The Massachusetts-based Rhumbline Advisers has invested 0.23% in EOG Resources, Inc. (NYSE:EOG). Banced Corporation owns 2,696 shares for 0.48% of their portfolio. 354 are owned by Benjamin F Edwards And Inc. Willingdon Wealth Mgmt has invested 0.42% in EOG Resources, Inc. (NYSE:EOG). American National Insurance Company Tx reported 87,250 shares or 0.47% of all its holdings.

Among 39 analysts covering EOG Resources (NYSE:EOG), 29 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. EOG Resources had 130 analyst reports since July 22, 2015 according to SRatingsIntel. CLSA upgraded EOG Resources, Inc. (NYSE:EOG) on Monday, August 10 to “Underperform” rating. Barclays Capital maintained the shares of EOG in report on Thursday, July 14 with “Overweight” rating. As per Monday, December 11, the company rating was initiated by Credit Suisse. The rating was maintained by William Blair with “Outperform” on Thursday, May 11. Credit Suisse maintained the stock with “Hold” rating in Tuesday, January 23 report. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, November 8 report. Morgan Stanley maintained EOG Resources, Inc. (NYSE:EOG) rating on Wednesday, October 18. Morgan Stanley has “Overweight” rating and $116 target. The rating was maintained by Jefferies with “Hold” on Monday, August 14. The rating was maintained by RBC Capital Markets on Wednesday, September 7 with “Sector Perform”. On Monday, November 6 the stock rating was maintained by BMO Capital Markets with “Buy”.

Since January 10, 2018, it had 0 insider purchases, and 3 insider sales for $6.91 million activity. Donaldson Michael P also sold $1.75 million worth of EOG Resources, Inc. (NYSE:EOG) shares. $4.52 million worth of EOG Resources, Inc. (NYSE:EOG) was sold by THOMAS GARY L.

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

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