Sumitomo Mitsui Asset Management Company LTD reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 10.6% during the second quarter, Holdings Channel reports. The institutional investor owned 61,015 shares of the energy exploration company’s stock after selling 7,271 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in EOG Resources were worth $5,523,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in EOG. BlackRock Inc. raised 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 in the last quarter. Jennison Associates LLC raised 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 in the last quarter. Janus Capital Management LLC raised 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 in the last quarter. Point72 Asset Management L.P. raised 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 in the last quarter. Finally, Morgan Stanley raised 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 in the last quarter. Institutional investors and hedge funds own 85.14% of the company’s stock.

Shares of EOG Resources, Inc. (EOG) opened at 88.53 on Friday. The company has a 50-day moving average of $91.31 and a 200 day moving average of $94.17. EOG Resources, Inc. has a 12 month low of $85.88 and a 12 month high of $109.37. The company’s market capitalization is $51.12 billion.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The firm’s quarterly revenue was up 47.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.38) EPS. Analysts forecast that EOG Resources, Inc. will post $0.59 EPS for the current year.

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EOG has been the topic of several 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 price target on the stock in a research 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 price target on the stock in a research report on Wednesday, May 10th. Barclays PLC increased their price target on shares of EOG Resources from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Wednesday, May 10th. Royal Bank Of Canada set a $115.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research report on Sunday, July 16th. Finally, William Blair reiterated an “outperform” rating and issued a $115.00 price target (down from $125.00) on shares of EOG Resources in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. EOG Resources presently has a consensus rating of “Buy” and an average target price 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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