Global X Management Co. LLC boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 16.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,751 shares of the energy exploration company’s stock after buying an additional 1,088 shares during the period. Global X Management Co. LLC’s holdings in EOG Resources were worth $756,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of EOG. Jennison Associates LLC increased 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 period. Neuberger Berman Group LLC increased 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 period. Norges Bank acquired a new position in shares of EOG Resources during the fourth quarter valued at $494,429,000. American Century Companies Inc. increased 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 period. Finally, Bank of Montreal Can increased its position in shares of EOG Resources by 18.0% in the first quarter. Bank of Montreal Can now owns 3,391,204 shares of the energy exploration company’s stock valued at $330,812,000 after buying an additional 516,203 shares during the period. 85.14% of the stock is owned by institutional investors and hedge funds.

EOG Resources, Inc. (NYSE EOG) traded up 1.65% during midday trading on Tuesday, hitting $91.15. The stock had a trading volume of 3,828,134 shares. The stock has a 50-day moving average price of $91.04 and a 200 day moving average price of $94.72. EOG Resources, Inc. has a 12-month low of $85.88 and a 12-month high of $109.37. The firm’s market cap is $52.63 billion.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data 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. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the prior year, the company earned ($0.38) EPS. EOG Resources’s quarterly revenue was up 47.1% on a year-over-year basis. On average, equities analysts anticipate that EOG Resources, Inc. will post $0.61 earnings per share for the current fiscal year.

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Several research analysts recently weighed in on the company. Zacks Investment Research upgraded EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday. BMO Capital Markets restated a “buy” rating and set a $95.00 target price on shares of EOG Resources in a research note on Friday. Barclays PLC restated an “overweight” rating and set a $101.00 target price (up from $94.00) on shares of EOG Resources in a research note on Thursday, August 3rd. Scotiabank reaffirmed a “hold” rating and set a $100.00 price target on shares of EOG Resources in a research report on Thursday, August 3rd. Finally, BidaskClub raised EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company 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.

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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