Traders purchased shares of EOG Resources, Inc. (NYSE:EOG) on weakness during trading on Monday. $71.23 million flowed into the stock on the tick-up and $26.09 million flowed out of the stock on the tick-down, for a money net flow of $45.14 million into the stock. Of all equities tracked, EOG Resources had the 10th highest net in-flow for the day. EOG Resources traded down ($0.54) for the day and closed at $87.99

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. BidaskClub upgraded EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. William Blair reiterated an “outperform” rating and issued a $115.00 price target (down from $125.00) on shares of EOG Resources in a research note on Thursday, May 11th. Bank of America Corporation reiterated a “neutral” rating and issued a $115.00 price target (down from $125.00) on shares of EOG Resources in a research note on Thursday, May 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $95.00 price target on shares of EOG Resources in a research note on Wednesday, May 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. EOG Resources currently has an average rating of “Buy” and a consensus price target of $108.31.

The stock has a 50 day moving average price of $91.32 and a 200 day moving average price of $93.91. The stock’s market cap is $50.81 billion.

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 firm had revenue of $2.61 billion during the quarter, compared to analyst estimates 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 was up 47.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.38) EPS. On average, equities research analysts predict that EOG Resources, Inc. will post $0.58 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its stake in EOG Resources by 14.7% in the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock worth $3,787,329,000 after buying an additional 5,368,941 shares in the last quarter. Vanguard Group Inc. boosted its stake in EOG Resources by 2.6% in the second quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock worth $3,727,570,000 after buying an additional 1,058,276 shares in the last quarter. BlackRock Inc. boosted its stake in EOG Resources by 2,098.0% in the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock worth $3,486,473,000 after buying an additional 34,114,299 shares in the last quarter. Capital World Investors boosted its stake in EOG Resources by 9.9% in the second quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock worth $1,580,657,000 after buying an additional 1,568,085 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of EOG Resources by 8.7% in the second quarter. Northern Trust Corp now owns 8,001,255 shares of the energy exploration company’s stock worth $724,272,000 after buying an additional 638,183 shares during the period. Institutional investors and hedge funds own 83.25% of the company’s stock.

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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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