EOG Resources Inc. (NYSE:EOG) shares fell 3.9% on Monday . The company traded as low as $78.51 and last traded at $78.52, with a volume of 1,514,909 shares changing hands. The stock had previously closed at $81.70.

A number of brokerages have recently weighed in on EOG. Zacks Investment Research cut EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday. Stephens restated a “hold” rating on shares of EOG Resources in a research report on Saturday, May 14th. Barclays PLC raised their price target on EOG Resources from $80.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 24th. Credit Suisse Group AG reiterated a “hold” rating on shares of EOG Resources in a research report on Thursday, June 2nd. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of EOG Resources in a research report on Tuesday, April 12th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $82.36.

The stock’s 50-day moving average price is $82.14 and its 200-day moving average price is $76.57. The company’s market capitalization is $44.87 billion.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 5th. The energy exploration company reported ($0.83) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.84) by $0.01. During the same quarter last year, the company posted $0.03 EPS. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.70 billion. The business’s revenue was down 41.6% compared to the same quarter last year. Equities research analysts forecast that EOG Resources Inc. will post ($1.82) earnings per share for the current fiscal year.

In related news, VP Ann D. Janssen sold 2,819 shares of the stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $80.85, for a total transaction of $227,916.15. Following the completion of the sale, the vice president now owns 62,958 shares in the company, valued at approximately $5,090,154.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Lloyd W. Helms, Jr. sold 4,875 shares of the stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $85.91, for a total value of $418,811.25. Following the sale, the executive vice president now owns 58,867 shares of the company’s stock, valued at approximately $5,057,263.97. The disclosure for this sale can be found here.

Other hedge funds have made changes to their positions in the company. Victory Capital Management Inc. increased its stake in shares of EOG Resources by 2,157.1% in the fourth quarter. Victory Capital Management Inc. now owns 47,963 shares of the energy exploration company’s stock valued at $3,395,000 after buying an additional 45,838 shares during the last quarter. Stephens Inc. AR increased its stake in shares of EOG Resources by 7.2% in the fourth quarter. Stephens Inc. AR now owns 49,984 shares of the energy exploration company’s stock valued at $3,538,000 after buying an additional 3,336 shares during the last quarter. FineMark National Bank & Trust increased its stake in shares of EOG Resources by 32.1% in the fourth quarter. FineMark National Bank & Trust now owns 62,894 shares of the energy exploration company’s stock valued at $4,452,000 after buying an additional 15,299 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of EOG Resources by 5.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 74,512 shares of the energy exploration company’s stock valued at $5,275,000 after buying an additional 4,073 shares during the last quarter. Finally, MUFG Americas Holdings Corp increased its stake in shares of EOG Resources by 11.9% in the fourth quarter. MUFG Americas Holdings Corp now owns 87,089 shares of the energy exploration company’s stock valued at $6,165,000 after buying an additional 9,263 shares during the last quarter.

EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.

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