Tredje AP fonden boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 16.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,015 shares of the energy exploration company’s stock after buying an additional 7,419 shares during the period. Tredje AP fonden’s holdings in EOG Resources were worth $4,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. grew its stake in EOG Resources by 2,098.0% during the 1st quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock valued at $3,486,473,000 after purchasing an additional 34,114,299 shares during the last quarter. Neuberger Berman Group LLC grew its stake in EOG Resources by 3.7% during the 1st quarter. Neuberger Berman Group LLC now owns 6,507,833 shares of the energy exploration company’s stock valued at $634,839,000 after purchasing an additional 231,183 shares during the last quarter. Geode Capital Management LLC grew its stake in EOG Resources by 10.4% during the 1st quarter. Geode Capital Management LLC now owns 5,514,351 shares of the energy exploration company’s stock valued at $537,142,000 after purchasing an additional 517,310 shares during the last quarter. American Century Companies Inc. grew its stake in EOG Resources by 14.9% during the 1st quarter. American Century Companies Inc. now owns 4,434,418 shares of the energy exploration company’s stock valued at $432,577,000 after purchasing an additional 576,162 shares during the last quarter. Finally, Morgan Stanley grew its stake in EOG Resources by 18.3% during the 1st quarter. Morgan Stanley now owns 3,976,148 shares of the energy exploration company’s stock valued at $387,872,000 after purchasing an additional 614,945 shares during the last quarter. 85.48% of the stock is currently owned by institutional investors.

Shares of EOG Resources, Inc. (NYSE:EOG) opened at 87.93 on Tuesday. EOG Resources, Inc. has a 1-year low of $81.99 and a 1-year high of $109.37. The firm’s market cap is $50.78 billion. The firm’s 50-day moving average price is $88.35 and its 200 day moving average price is $91.91.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) 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 company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the previous year, the company posted ($0.38) EPS. EOG Resources’s quarterly revenue was up 47.1% compared to the same quarter last year. On average, equities research analysts forecast that EOG Resources, Inc. will post $0.61 EPS for the current fiscal year.

In other EOG Resources news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the business’s stock in a transaction on 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 directly 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 available at this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “EOG Resources, Inc. (EOG) Position Lifted by Tredje AP fonden” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/09/12/eog-resources-inc-eog-position-lifted-by-tredje-ap-fonden.html.

Several analysts have weighed in on EOG shares. FBR & Co set a $122.00 price target on EOG Resources and gave the company an “outperform” rating in a research note on Wednesday, May 17th. Stifel Nicolaus reiterated a “buy” rating and set a $111.00 price target on shares of EOG Resources in a research note on Friday, May 26th. BidaskClub upgraded EOG Resources from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Zacks Investment Research upgraded EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $114.00 price target on shares of EOG Resources in a research note on Wednesday, May 31st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have assigned a buy rating to the company. EOG Resources currently has a consensus rating of “Buy” and an average target price of $108.48.

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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