ING Groep NV bought a new stake in EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,051 shares of the energy exploration company’s stock, valued at approximately $1,906,000.

Several other hedge funds and other institutional investors have also made changes to their positions in EOG. IHT Wealth Management LLC increased its position in shares of 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 valued at $101,000 after buying an additional 41 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of 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 valued at $104,000 after buying an additional 401 shares during the last quarter. Advantage Investment Management LLC increased its position in shares of 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 valued at $105,000 after buying an additional 154 shares during the last quarter. Exane Derivatives increased its position in shares of EOG Resources by 19.8% in the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock valued at $105,000 after buying an additional 192 shares during the last quarter. Finally, Winfield Associates Inc. increased its position in shares of EOG Resources by 5.3% in the first quarter. Winfield Associates Inc. now owns 1,132 shares of the energy exploration company’s stock valued at $111,000 after buying an additional 57 shares during the last quarter. 85.14% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources, Inc. (NYSE:EOG) traded down 0.53% during trading on Friday, reaching $88.65. The company’s stock had a trading volume of 1,481,547 shares. The stock’s 50-day moving average is $91.29 and its 200 day moving average is $94.28. The company’s market cap is $51.19 billion. EOG Resources, Inc. has a 12 month low of $85.88 and a 12 month high of $109.37.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the 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 during the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the firm posted ($0.38) earnings per share. The company’s revenue for the quarter was up 47.1% on a year-over-year basis. On average, equities analysts forecast that EOG Resources, Inc. will post $0.59 EPS for the current fiscal year.

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Several research analysts have issued reports on the company. BMO Capital Markets reaffirmed a “buy” rating on shares of EOG Resources in a report on Tuesday, May 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $111.00 price objective on shares of EOG Resources in a report on Friday, May 26th. Credit Suisse Group set a $108.00 price objective on EOG Resources and gave the stock a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $95.00 price objective on shares of EOG Resources in a report on Wednesday, May 17th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $109.00 price objective on shares of EOG Resources in a report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $108.23.

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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