Cubic Asset Management LLC held its position in shares of EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,400 shares of the energy exploration company’s stock at the end of the second quarter. Cubic Asset Management LLC’s holdings in EOG Resources were worth $579,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in EOG. Gagnon Securities LLC raised its position in shares of EOG Resources by 0.3% in the second quarter. Gagnon Securities LLC now owns 3,018 shares of the energy exploration company’s stock valued at $273,000 after buying an additional 8 shares in the last quarter. Argent Trust Co raised its position in shares of EOG Resources by 0.3% in the first quarter. Argent Trust Co now owns 5,340 shares of the energy exploration company’s stock valued at $521,000 after buying an additional 15 shares in the last quarter. Guardian Life Insurance Co. of America raised its position in shares of EOG Resources by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,223 shares of the energy exploration company’s stock valued at $217,000 after buying an additional 15 shares in the last quarter. Capital Advisors Inc. OK raised its position in shares of EOG Resources by 0.3% in the first quarter. Capital Advisors Inc. OK now owns 5,943 shares of the energy exploration company’s stock valued at $580,000 after buying an additional 16 shares in the last quarter. Finally, Dubuque Bank & Trust Co. raised its position in shares of EOG Resources by 2.2% in the first quarter. Dubuque Bank & Trust Co. now owns 1,278 shares of the energy exploration company’s stock valued at $125,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 85.14% of the company’s stock.

Shares of EOG Resources, Inc. (NYSE EOG) opened at 88.53 on Friday. The stock’s market capitalization is $51.12 billion. EOG Resources, Inc. has a 52 week low of $85.88 and a 52 week high of $109.37. The company’s 50 day moving average is $91.31 and its 200-day moving average is $94.17.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.02. The business had revenue of $2.61 billion for 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 quarterly revenue was up 47.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.38) earnings per share. On average, equities analysts predict that EOG Resources, Inc. will post $0.59 earnings per share for the current year.

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Several brokerages have recently weighed in on EOG. BMO Capital Markets reiterated a “buy” rating on shares of EOG Resources in a report on Tuesday, May 9th. Royal Bank Of Canada reissued a “hold” rating and set a $109.00 target price on shares of EOG Resources in a research report on Tuesday, April 25th. Wells Fargo & Company raised shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Wednesday, May 10th. Scotiabank set a $100.00 target price on shares of EOG Resources and gave the stock a “hold” rating in a research report on Saturday, July 1st. Finally, Barclays PLC boosted their target price on shares of EOG Resources from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 10th. One equities research 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 company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $108.31.

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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