Dorsey & Whitney Trust CO LLC lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 11.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,209 shares of the energy exploration company’s stock after selling 658 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in EOG Resources were worth $471,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Gagnon Securities LLC boosted its stake in EOG Resources by 0.3% during the 2nd quarter. Gagnon Securities LLC now owns 3,018 shares of the energy exploration company’s stock worth $273,000 after purchasing an additional 8 shares during the last quarter. Argent Trust Co boosted its stake in EOG Resources by 0.3% during the 1st quarter. Argent Trust Co now owns 5,340 shares of the energy exploration company’s stock worth $521,000 after purchasing an additional 15 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in EOG Resources by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,223 shares of the energy exploration company’s stock worth $217,000 after purchasing an additional 15 shares during the last quarter. Winfield Associates Inc. boosted its stake in EOG Resources by 1.7% during the 2nd quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock worth $103,000 after purchasing an additional 19 shares during the last quarter. Finally, Bank of The West boosted its stake in EOG Resources by 0.8% during the 2nd quarter. Bank of The West now owns 3,751 shares of the energy exploration company’s stock worth $339,000 after purchasing an additional 28 shares during the last quarter. 85.48% of the stock is currently owned by institutional investors.

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In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the firm’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 directly owns 70,987 shares in the company, valued at approximately $6,262,473.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.53% of the company’s stock.

EOG has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $111.00 target price on shares of EOG Resources in a research note on Friday, May 26th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $114.00 target price on shares of EOG Resources in a research note on Wednesday, May 31st. Credit Suisse Group set a $108.00 target price on shares of EOG Resources and gave the stock a “hold” rating in a research note on Friday, June 2nd. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, FBR & Co lowered their target price on shares of EOG Resources from $122.00 to $108.00 and set an “outperform” rating on the stock in a research note on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $108.38.

Shares of EOG Resources, Inc. (NYSE EOG) opened at 93.22 on Friday. The stock’s market capitalization is $53.83 billion. The firm’s 50-day moving average is $87.93 and its 200-day moving average is $91.79. EOG Resources, Inc. has a 52 week low of $81.99 and a 52 week high of $109.37.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm 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 business’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.38) earnings per share. On average, equities research analysts anticipate that EOG Resources, Inc. will post $0.60 EPS for the current fiscal year.

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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