Metropolitan Life Insurance Co. NY lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 287,278 shares of the energy exploration company’s stock after selling 4,163 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in EOG Resources were worth $28,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EOG. Argent Trust Co boosted 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 boosted its stake in 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 worth $217,000 after buying an additional 15 shares during the period. Capital Advisors Inc. OK boosted its stake in 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 worth $580,000 after buying an additional 16 shares during the period. Trust Co boosted its stake in EOG Resources by 0.8% in the fourth quarter. Trust Co now owns 3,403 shares of the energy exploration company’s stock worth $344,000 after buying an additional 26 shares during the period. Finally, Dubuque Bank & Trust Co. boosted its stake in 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 worth $125,000 after buying an additional 27 shares during the period. Institutional investors own 83.25% of the company’s stock.

EOG Resources, Inc. (EOG) traded up 0.85% on Friday, hitting $84.09. The stock had a trading volume of 2,751,653 shares. EOG Resources, Inc. has a 12-month low of $83.29 and a 12-month high of $109.37. The company’s 50 day moving average is $90.89 and its 200 day moving average is $93.54. The firm’s market cap is $48.56 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 the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm had revenue of $2.61 billion during 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 firm’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.38) earnings per share. On average, equities research analysts expect that EOG Resources, Inc. will post $0.61 EPS for the current fiscal year.

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EOG has been the subject of a number of recent analyst reports. Raymond James Financial, Inc. upgraded EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Wednesday, May 10th. Wells Fargo & Company upgraded EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Wednesday, May 10th. Royal Bank Of Canada set a $115.00 price objective on EOG Resources and gave the company a “hold” rating in a research report on Sunday, July 16th. Barclays PLC boosted their price objective on EOG Resources from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Wednesday, May 10th. Finally, Citigroup Inc. cut EOG Resources from a “buy” rating to a “neutral” rating and cut their price objective for the company from $112.00 to $98.00 in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $108.54.

In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $88.22, for a total value of $352,880.00. Following the completion of the sale, the executive vice president now directly owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.53% of the stock is owned by insiders.

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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