Nippon Life Insurance Co. decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,231 shares of the energy exploration company’s stock after selling 353 shares during the period. Nippon Life Insurance Co.’s holdings in EOG Resources were worth $2,465,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of 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 worth $3,486,473,000 after buying an additional 34,114,299 shares in the last quarter. 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 worth $680,055,000 after buying an additional 1,816,980 shares in the last quarter. 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 worth $634,839,000 after buying an additional 231,183 shares in the last quarter. Geode Capital Management LLC increased its position in shares of EOG Resources by 10.4% in the first quarter. Geode Capital Management LLC now owns 5,514,351 shares of the energy exploration company’s stock worth $537,142,000 after buying an additional 517,310 shares in the last quarter. Finally, 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 worth $432,577,000 after buying an additional 576,162 shares in the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Shares of EOG Resources, Inc. (NYSE:EOG) opened at 83.40 on Tuesday. The stock’s market capitalization is $48.16 billion. EOG Resources, Inc. has a 52-week low of $82.25 and a 52-week high of $109.37. The company’s 50 day moving average price is $90.04 and its 200 day moving average price is $92.96.

EOG Resources (NYSE:EOG) last posted 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 quarter last year, the firm posted ($0.38) EPS. The firm’s revenue for the quarter was up 47.1% on a year-over-year basis. On average, equities research analysts anticipate that EOG Resources, Inc. will post $0.61 EPS for the current year.

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A number of brokerages recently commented on EOG. Zacks Investment Research upgraded EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub upgraded EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. 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. Bank of America Corporation restated a “neutral” 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. Finally, Jefferies Group LLC restated a “hold” rating and set a $95.00 target price on shares of EOG Resources in a report on Wednesday, May 17th. Two equities research 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 stock. EOG Resources currently has an average rating of “Buy” and an average 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 transaction, the executive vice president now owns 70,987 shares in the company, valued at approximately $6,262,473.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is currently owned by insiders.

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.

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

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