Comerica Bank decreased its position in EOG Resources, Inc. (NYSE:EOG) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,630 shares of the energy exploration company’s stock after selling 1,514 shares during the period. Comerica Bank’s holdings in EOG Resources were worth $16,761,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC increased its position 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 period. Chicago Partners Investment Group LLC increased its position 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 period. Advantage Investment Management LLC increased its position 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 period. Winfield Associates Inc. increased its position 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 period. Finally, Exane Derivatives increased its position 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 period. 83.25% of the stock is owned by hedge funds and other institutional investors.

EOG Resources, Inc. (NYSE:EOG) opened at 84.51 on Friday. EOG Resources, Inc. has a 12 month low of $83.29 and a 12 month high of $109.37. The company’s market cap is $48.80 billion. The company has a 50 day moving average price of $90.04 and a 200-day moving average price of $92.96.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. EOG Resources’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.38) earnings per share. Equities analysts predict that EOG Resources, Inc. will post $0.61 earnings per share for the current fiscal year.

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Several research firms have recently commented on EOG. Barclays PLC reissued an “overweight” rating and issued a $101.00 price objective (up previously from $94.00) on shares of EOG Resources in a report on Wednesday, August 9th. BidaskClub raised EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Scotiabank reissued a “hold” rating and issued a $100.00 price objective on shares of EOG Resources in a report on Thursday, August 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $111.00 price objective on shares of EOG Resources in a report on Friday, July 14th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $95.00 price objective on shares of EOG Resources in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-three have issued a buy rating to the stock. EOG Resources presently has an average rating of “Buy” and an average target price of $108.54.

In other EOG Resources news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the firm’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 of the company’s stock, valued at $6,262,473.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.53% of the stock is currently owned by insiders.

About EOG Resources

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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