Fulton Bank N.A. decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 29.3% during the second quarter, Holdings Channel reports. The fund owned 17,627 shares of the energy exploration company’s stock after selling 7,311 shares during the period. Fulton Bank N.A.’s holdings in EOG Resources were worth $1,595,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. IHT Wealth Management LLC raised its position 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 worth $101,000 after buying an additional 41 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in 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 worth $104,000 after buying an additional 401 shares during the last quarter. Advantage Investment Management LLC raised its stake in 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 worth $105,000 after buying an additional 154 shares during the last quarter. Winfield Associates Inc. raised its stake in EOG Resources by 5.3% in the first quarter. Winfield Associates Inc. now owns 1,132 shares of the energy exploration company’s stock worth $111,000 after buying an additional 57 shares during the last quarter. Finally, Assetmark Inc. raised its stake in EOG Resources by 5.0% in the first quarter. Assetmark Inc. now owns 1,183 shares of the energy exploration company’s stock worth $115,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 84.95% of the company’s stock.

EOG Resources, Inc. (NYSE:EOG) traded up 1.74% during midday trading on Friday, reaching $90.45. The company’s stock had a trading volume of 3,792,200 shares. EOG Resources, Inc. has a 1-year low of $79.67 and a 1-year high of $109.37. The firm has a 50 day moving average price of $90.89 and a 200 day moving average price of $94.81. The firm’s market capitalization is $52.23 billion.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business’s revenue was up 47.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.38) earnings per share. On average, analysts predict that EOG Resources, Inc. will post $0.62 EPS for the current year.

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Several analysts recently commented on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of EOG Resources in a research report on Friday, July 7th. Stifel Nicolaus restated a “buy” rating and set a $111.00 price target on shares of EOG Resources in a research report on Friday, July 14th. ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and dropped their price target for the company from $112.00 to $98.00 in a research report on Friday, July 21st. Finally, Royal Bank Of Canada set a $115.00 price objective on shares of EOG Resources and gave the company a “hold” rating in a report on Sunday, July 16th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $108.23.

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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