Inverness Counsel LLC NY lowered its position in EOG Resources, Inc. (NYSE:EOG) by 9.9% during the second quarter, Holdings Channel reports. The fund owned 181,316 shares of the energy exploration company’s stock after selling 19,823 shares during the period. Inverness Counsel LLC NY’s holdings in EOG Resources were worth $16,413,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC boosted its stake 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 last quarter. Chicago Partners Investment Group LLC boosted its stake 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 last quarter. Advantage Investment Management LLC boosted its stake 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 last quarter. Exane Derivatives boosted its stake 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 last quarter. Finally, Winfield Associates Inc. boosted its stake 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 last quarter. Institutional investors own 85.14% of the company’s stock.

Shares of EOG Resources, Inc. (EOG) opened at 88.53 on Friday. EOG Resources, Inc. has a 52-week low of $85.88 and a 52-week high of $109.37. The company’s market capitalization is $51.12 billion. The stock’s 50 day moving average price is $91.31 and its 200 day moving average price is $94.17.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $2.61 billion for 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 in the prior year, the company posted ($0.38) earnings per share. On average, equities research analysts forecast that EOG Resources, Inc. will post $0.59 earnings per share for the current fiscal year.

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A number of equities research analysts have commented on the stock. Stifel Nicolaus restated a “buy” rating and set a $111.00 target price on shares of EOG Resources in a research note on Friday, May 26th. Scotiabank restated a “hold” rating and set a $109.00 target price on shares of EOG Resources in a research note on Tuesday, May 16th. 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. Barclays PLC restated an “overweight” rating and set a $101.00 target price (up previously from $94.00) on shares of EOG Resources in a research note on Thursday, August 3rd. Finally, Wells Fargo & Company upgraded shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $108.31.

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.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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