Creative Planning Buys 4,704 Shares of EOG Resources, Inc. (NYSE:EOG)

Creative Planning increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 13.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,756 shares of the energy exploration company’s stock after buying an additional 4,704 shares during the period. Creative Planning’s holdings in EOG Resources were worth $3,508,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 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 worth $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 worth $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 worth $105,000 after buying an additional 154 shares during the last quarter. 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 worth $111,000 after buying an additional 57 shares during the last quarter. Finally, Assetmark Inc. increased its stake in EOG Resources by 5.0% in the first quarter. Assetmark Inc. now owns 1,183 shares of the energy exploration company’s stock valued at $115,000 after buying an additional 56 shares in the last quarter. 83.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of EOG Resources, Inc. (EOG) opened at 84.09 on Friday. The stock has a 50 day moving average of $90.89 and a 200 day moving average of $93.54. The company’s market cap is $48.56 billion. EOG Resources, Inc. has a 12-month low of $83.29 and a 12-month high of $109.37.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the prior year, the firm earned ($0.38) EPS. The business’s revenue was up 47.1% on a year-over-year basis. On average, equities analysts expect that EOG Resources, Inc. will post $0.61 earnings per share for the current fiscal year.

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Several analysts have commented on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $111.00 target price on shares of EOG Resources in a research report on Friday, May 26th. Scotiabank reissued a “hold” rating and issued a $109.00 target price on shares of EOG Resources in a research report 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 report on Friday, June 2nd. Barclays PLC reissued an “overweight” rating and issued a $101.00 target price (up from $94.00) on shares of EOG Resources in a research report on Thursday, August 3rd. Finally, Wells Fargo & Company raised shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Wednesday, May 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $108.54.

In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $88.22, for a total transaction of $352,880.00. Following the sale, the executive vice president now directly owns 70,987 shares in the company, valued at $6,262,473.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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)

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