Bank of The West raised its stake in EOG Resources, Inc. (NYSE:EOG) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,751 shares of the energy exploration company’s stock after buying an additional 28 shares during the period. Bank of The West’s holdings in EOG Resources were worth $339,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in shares of EOG Resources by 2,098.0% in the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock valued at $3,486,473,000 after buying an additional 34,114,299 shares during the last quarter. Jennison Associates LLC raised its position in shares of EOG Resources by 35.3% in the first quarter. Jennison Associates LLC now owns 6,971,347 shares of the energy exploration company’s stock valued at $680,055,000 after buying an additional 1,816,980 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of EOG Resources by 3.7% in the first quarter. Neuberger Berman Group LLC now owns 6,507,833 shares of the energy exploration company’s stock valued at $634,839,000 after buying an additional 231,183 shares during the last quarter. Geode Capital Management LLC raised its position in shares of EOG Resources by 10.4% in the first quarter. Geode Capital Management LLC now owns 5,514,351 shares of the energy exploration company’s stock valued at $537,142,000 after buying an additional 517,310 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of EOG Resources by 14.9% in the first quarter. American Century Companies Inc. now owns 4,434,418 shares of the energy exploration company’s stock valued at $432,577,000 after buying an additional 576,162 shares during the last quarter. 85.14% of the stock is owned by institutional investors.

EOG Resources, Inc. (NYSE:EOG) traded down 1.609% on Monday, reaching $88.995. The company’s stock had a trading volume of 685,109 shares. EOG Resources, Inc. has a 1-year low of $79.67 and a 1-year high of $109.37. The firm’s 50 day moving average price is $90.89 and its 200-day moving average price is $94.81. The company’s market capitalization is $51.39 billion.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The firm’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.38) EPS. Equities analysts forecast that EOG Resources, Inc. will post $0.62 earnings per share for the current year.

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