Point72 Asia Hong Kong Ltd raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 375.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,185 shares of the energy exploration company’s stock after buying an additional 4,094 shares during the period. EOG Resources accounts for approximately 0.7% of Point72 Asia Hong Kong Ltd’s investment portfolio, making the stock its 14th largest position. Point72 Asia Hong Kong Ltd’s holdings in EOG Resources were worth $506,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. IHT Wealth Management LLC increased its stake in shares of EOG Resources by 4.1% in the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock valued at $101,000 after buying an additional 41 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of EOG Resources by 60.0% in the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock valued at $104,000 after buying an additional 401 shares in the last quarter. Advantage Investment Management LLC increased its stake in shares of EOG Resources by 16.6% in the first quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock valued at $105,000 after buying an additional 154 shares in the last quarter. Winfield Associates Inc. increased its stake in shares of EOG Resources by 5.3% in the first quarter. Winfield Associates Inc. now owns 1,132 shares of the energy exploration company’s stock valued at $111,000 after buying an additional 57 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of EOG Resources by 5.0% in the first quarter. Assetmark Inc. now owns 1,183 shares of the energy exploration company’s stock valued at $115,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 84.91% of the company’s stock.

Shares of EOG Resources, Inc. (NYSE:EOG) opened at 95.98 on Friday. The company’s market capitalization is $55.41 billion. EOG Resources, Inc. has a 12-month low of $78.26 and a 12-month high of $109.37. The firm’s 50-day moving average price is $90.18 and its 200-day moving average price is $95.14.

EOG Resources (NYSE:EOG) last posted its earnings results on Monday, May 8th. The energy exploration company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. EOG Resources had a negative net margin of 6.70% and a negative return on equity of 2.69%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the company posted ($0.83) EPS. The company’s revenue for the quarter was up 92.8% on a year-over-year basis. On average, analysts expect that EOG Resources, Inc. will post $0.69 EPS for the current fiscal year.

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Several brokerages have commented on EOG. UBS AG upgraded EOG Resources from a “neutral” rating to a “buy” rating and increased their target price for the company from $106.00 to $109.00 in a research note on Thursday, March 30th. Stifel Nicolaus reiterated a “buy” rating and set a $111.00 target price on shares of EOG Resources in a research note on Friday, July 14th. Citigroup Inc. downgraded EOG Resources from a “buy” rating to a “neutral” rating and cut their target price for the company from $112.00 to $98.00 in a research note on Friday, July 21st. Scotiabank set a $100.00 target price on EOG Resources and gave the company a “hold” rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research downgraded EOG Resources from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $109.27.

About EOG Resources

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

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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