EOG Resources, Inc. (EOG) Stake Raised by Sit Investment Associates Inc.

Sit Investment Associates Inc. boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 0.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,987 shares of the energy exploration company’s stock after buying an additional 42 shares during the period. Sit Investment Associates Inc.’s holdings in EOG Resources were worth $1,085,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bedrijfstakpensioenfonds Voor DE Media PNO boosted its position in shares of EOG Resources by 134.1% in the second quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 27,161 shares of the energy exploration company’s stock valued at $2,459,000 after buying an additional 15,561 shares during the period. First National Bank of Omaha boosted its stake in shares of EOG Resources by 2.4% in the second quarter. First National Bank of Omaha now owns 135,809 shares of the energy exploration company’s stock valued at $12,264,000 after buying an additional 3,203 shares during the period. Stralem & Co. Inc. boosted its stake in shares of EOG Resources by 5.5% in the second quarter. Stralem & Co. Inc. now owns 192,130 shares of the energy exploration company’s stock valued at $17,392,000 after buying an additional 9,950 shares during the period. First Quadrant L P CA boosted its stake in shares of EOG Resources by 356.9% in the second quarter. First Quadrant L P CA now owns 3,198 shares of the energy exploration company’s stock valued at $289,000 after buying an additional 2,498 shares during the period. Finally, Aperio Group LLC boosted its stake in shares of EOG Resources by 15.2% in the second quarter. Aperio Group LLC now owns 246,509 shares of the energy exploration company’s stock valued at $22,314,000 after buying an additional 32,578 shares during the period. 85.14% of the stock is currently owned by institutional investors.

EOG Resources, Inc. (EOG) opened at 88.53 on Friday. EOG Resources, Inc. has a 1-year low of $85.88 and a 1-year high of $109.37. The firm has a 50-day moving average of $91.31 and a 200-day moving average of $94.17. The stock’s market capitalization is $51.12 billion.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by $0.02. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The firm’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 earned ($0.38) earnings per share. Equities research analysts anticipate that EOG Resources, Inc. will post $0.59 EPS for the current year.

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Several brokerages have issued reports on EOG. Barclays PLC reaffirmed an “overweight” rating and set a $101.00 target price (up previously from $94.00) on shares of EOG Resources in a research report on Wednesday. Zacks Investment Research raised EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 target price on shares of EOG Resources in a research report on Friday, August 4th. Scotiabank reaffirmed a “hold” rating and set a $100.00 target price on shares of EOG Resources in a research report on Thursday, August 3rd. Finally, BidaskClub upgraded EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have issued a buy rating to the company. The stock 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.

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

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