Cadence Capital Management LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,312 shares of the energy exploration company’s stock after buying an additional 147 shares during the period. Cadence Capital Management LLC’s holdings in EOG Resources were worth $933,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. IHT Wealth Management LLC increased its position in EOG Resources by 4.1% in the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock worth $101,000 after buying an additional 41 shares during the period. Chicago Partners Investment Group LLC increased its position in EOG Resources by 60.0% in the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock worth $104,000 after buying an additional 401 shares during the period. Advantage Investment Management LLC increased its position in EOG Resources by 16.6% in the first quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock worth $105,000 after buying an additional 154 shares during the period. Winfield Associates Inc. increased its position in EOG Resources by 5.3% in the first quarter. Winfield Associates Inc. now owns 1,132 shares of the energy exploration company’s stock worth $111,000 after buying an additional 57 shares during the period. Finally, Exane Derivatives increased its position in EOG Resources by 19.8% in the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock worth $105,000 after buying an additional 192 shares during the period. 85.47% of the stock is owned by institutional investors and hedge funds.

Shares of EOG Resources, Inc. (NYSE EOG) opened at 83.67 on Thursday. The company has a 50-day moving average price of $90.04 and a 200 day moving average price of $92.96. The company’s market capitalization is $48.32 billion. EOG Resources, Inc. has a one year low of $82.32 and a one year high of $109.37.

EOG Resources (NYSE:EOG) last released its 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. 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 for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the company earned ($0.38) earnings per share. EOG Resources’s revenue for the quarter was up 47.1% compared to the same quarter last year. Equities analysts anticipate that EOG Resources, Inc. will post $0.60 EPS for the current year.

WARNING: This piece was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://www.watchlistnews.com/cadence-capital-management-llc-has-933000-position-in-eog-resources-inc-eog/1533370.html.

A number of research firms recently commented on EOG. Barclays PLC reaffirmed an “overweight” rating and issued a $101.00 price target (up previously from $94.00) on shares of EOG Resources in a research note on Wednesday, August 9th. BidaskClub raised EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Scotiabank reaffirmed a “hold” rating and issued a $100.00 price target on shares of EOG Resources in a research note on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $111.00 price target on shares of EOG Resources in a research note on Friday, July 14th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $95.00 price target on shares of EOG Resources in a research note on Friday, August 4th. Two 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. The company has a consensus rating of “Buy” and an average target price of $108.08.

In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the stock in a transaction on Monday, August 14th. The shares were 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 approximately $6,262,473.14. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.53% of the company’s stock.

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)

Receive News & Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.