Deltec Asset Management LLC cut its position in shares of EOG Resources Inc. (NYSE:EOG) by 28.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,500 shares of the energy exploration company’s stock after selling 3,000 shares during the period. Deltec Asset Management LLC’s holdings in EOG Resources were worth $626,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mn Services Vermogensbeheer B.V. acquired a new position in shares of EOG Resources during the first quarter worth about $875,000. Aperio Group LLC increased its position in shares of EOG Resources by 17.7% in the first quarter. Aperio Group LLC now owns 181,941 shares of the energy exploration company’s stock worth $13,205,000 after buying an additional 27,329 shares during the period. Commonwealth Equity Services Inc increased its position in shares of EOG Resources by 13.9% in the first quarter. Commonwealth Equity Services Inc now owns 36,198 shares of the energy exploration company’s stock worth $2,627,000 after buying an additional 4,408 shares during the period. Telemus Capital LLC increased its position in shares of EOG Resources by 64.4% in the first quarter. Telemus Capital LLC now owns 20,115 shares of the energy exploration company’s stock worth $1,460,000 after buying an additional 7,877 shares during the period. Finally, Granite Investment Partners LLC increased its position in shares of EOG Resources by 2.3% in the first quarter. Granite Investment Partners LLC now owns 25,642 shares of the energy exploration company’s stock worth $1,861,000 after buying an additional 570 shares during the period. 89.43% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Inc. (NYSE:EOG) traded up 3.45% during trading on Wednesday, hitting $93.52. The stock had a trading volume of 3,189,143 shares. The company’s market cap is $51.50 billion. EOG Resources Inc. has a 12-month low of $57.15 and a 12-month high of $95.93. The company has a 50 day moving average of $90.54 and a 200-day moving average of $82.29.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.10. EOG Resources had a negative return on equity of 6.32% and a negative net margin of 72.18%. The business earned $1.78 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the firm earned $0.28 EPS. The firm’s revenue was down 28.1% compared to the same quarter last year. On average, equities analysts predict that EOG Resources Inc. will post ($1.67) EPS for the current year.

A number of equities analysts recently issued reports on the company. Simmons reaffirmed an “overweight” rating and issued a $109.00 price target (up from $103.00) on shares of EOG Resources in a report on Friday, September 9th. Royal Bank Of Canada increased their price objective on EOG Resources from $95.00 to $98.00 and gave the company a “sector perform” rating in a report on Wednesday, September 7th. Credit Agricole SA increased their price objective on EOG Resources from $93.00 to $98.00 and gave the company an “underperform” rating in a report on Wednesday, September 7th. Jefferies Group increased their price objective on EOG Resources from $84.00 to $88.00 and gave the company a “hold” rating in a report on Wednesday, September 7th. Finally, RBC Capital Markets reissued a “sector perform” rating and issued a $98.00 price objective (up from $95.00) on shares of EOG Resources in a report on Wednesday, September 7th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $91.96.

In other EOG Resources news, EVP Lloyd W. Helms, Jr. sold 4,875 shares of the company’s stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $81.82, for a total value of $398,872.50. Following the completion of the transaction, the executive vice president now owns 59,032 shares of the company’s stock, valued at approximately $4,829,998.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Frank G. Wisner sold 2,026 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $92.65, for a total value of $187,708.90. Following the completion of the transaction, the director now directly owns 113,125 shares of the company’s stock, valued at approximately $10,481,031.25. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

About EOG Resources

EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.

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