SPC Financial Inc. cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,375 shares of the energy exploration company’s stock after selling 650 shares during the period. SPC Financial Inc.’s holdings in EOG Resources were worth $1,030,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EOG. BlackRock Inc. boosted its stake in 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 period. Jennison Associates LLC boosted its stake in 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 period. Janus Capital Management LLC boosted its stake in EOG Resources by 218.4% in the first quarter. Janus Capital Management LLC now owns 1,176,906 shares of the energy exploration company’s stock valued at $114,807,000 after buying an additional 807,243 shares during the period. Point72 Asset Management L.P. boosted its stake in EOG Resources by 124.6% in the first quarter. Point72 Asset Management L.P. now owns 1,333,534 shares of the energy exploration company’s stock valued at $130,086,000 after buying an additional 739,890 shares during the period. Finally, Morgan Stanley boosted its stake in EOG Resources by 18.3% in the first quarter. Morgan Stanley now owns 3,976,148 shares of the energy exploration company’s stock valued at $387,872,000 after buying an additional 614,945 shares during the period. Institutional investors and hedge funds own 85.14% of the company’s stock.

EOG Resources, Inc. (EOG) traded down 1.00% during midday trading on Thursday, hitting $89.45. 1,182,052 shares of the stock traded hands. The company has a 50-day moving average of $91.23 and a 200-day moving average of $94.32. The stock’s market cap is $51.65 billion. EOG Resources, Inc. has a 12 month low of $85.88 and a 12 month high of $109.37.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.02. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period last year, the firm earned ($0.38) EPS. The company’s revenue for the quarter was up 47.1% compared to the same quarter last year. On average, equities research analysts anticipate that EOG Resources, Inc. will post $0.58 earnings per share for the current year.

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EOG has been the topic of a number of research reports. Raymond James Financial, Inc. upgraded shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Wednesday, May 10th. Wells Fargo & Company upgraded shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Wednesday, May 10th. Barclays PLC boosted their target price on shares of EOG Resources from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Wednesday, May 10th. Royal Bank Of Canada set a $115.00 target price on shares of EOG Resources and gave the company a “hold” rating in a report on Sunday, July 16th. Finally, William Blair restated an “outperform” rating and set a $115.00 target price (down previously from $125.00) on shares of EOG Resources in a report on Thursday, May 11th. 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. EOG Resources has an average rating of “Buy” and a consensus price target of $108.23.

EOG Resources Company Profile

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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