Mitsubishi UFJ Trust & Banking Corp cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,705,108 shares of the energy exploration company’s stock after selling 45,317 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.30% of EOG Resources worth $154,346,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted 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 boosted 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. Neuberger Berman Group LLC boosted its stake in 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 in the last quarter. Geode Capital Management LLC boosted its stake in 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 valued at $537,142,000 after buying an additional 517,310 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in 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 in the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on the company. Stifel Nicolaus reissued a “buy” rating and set a $111.00 price target on shares of EOG Resources in a research note on Friday, May 26th. Scotiabank restated a “hold” rating and set a $109.00 price objective on shares of EOG Resources in a research report on Tuesday, May 16th. Credit Suisse Group set a $108.00 price objective on EOG Resources and gave the stock a “hold” rating in a research report on Friday, June 2nd. Barclays PLC restated an “overweight” rating and set a $101.00 price objective (up from $94.00) on shares of EOG Resources in a research report on Thursday, August 3rd. Finally, 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. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-three have given a buy rating to the stock. EOG Resources presently has an average rating of “Buy” and a consensus target price of $108.08.

EOG Resources, Inc. (NYSE EOG) opened at 85.65 on Tuesday. EOG Resources, Inc. has a 12-month low of $81.99 and a 12-month high of $109.37. The stock has a 50 day moving average price of $89.20 and a 200-day moving average price of $92.42. The stock’s market capitalization is $49.46 billion.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The company’s revenue was up 47.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.38) EPS. 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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In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of EOG Resources 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 transaction, the executive vice president now owns 70,987 shares in the company, valued at $6,262,473.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.53% of the company’s stock.

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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