Hartford Investment Management Co. Sells 6,913 Shares of EOG Resources, Inc. (NYSE:EOG)

Hartford Investment Management Co. decreased its position in EOG Resources, Inc. (NYSE:EOG) by 5.2% during the second quarter, Holdings Channel reports. The firm owned 125,248 shares of the energy exploration company’s stock after selling 6,913 shares during the period. Hartford Investment Management Co.’s holdings in EOG Resources were worth $11,337,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. IHT Wealth Management LLC raised 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 raised 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 raised 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. Exane Derivatives raised 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. Finally, Winfield Associates Inc. raised 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. 85.14% of the stock is currently owned by institutional investors.

EOG Resources, Inc. (NYSE:EOG) traded down 0.66% on Friday, hitting $88.53. The stock had a trading volume of 2,874,157 shares. The firm’s market cap is $51.12 billion. The company’s 50 day moving average is $91.31 and its 200 day moving average is $94.17. EOG Resources, Inc. has a 12-month low of $85.88 and a 12-month high of $109.37.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.02. The company had revenue of $2.61 billion for 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 company’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 firm earned ($0.38) EPS. On average, equities research analysts expect that EOG Resources, Inc. will post $0.59 EPS for the current fiscal year.

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A number of research firms have weighed in on EOG. Stifel Nicolaus reissued a “buy” rating and set a $111.00 price objective on shares of EOG Resources in a research note on Friday, May 26th. Scotiabank reissued a “hold” rating and set a $109.00 price objective on shares of EOG Resources in a research note on Tuesday, May 16th. Credit Suisse Group set a $108.00 price objective on EOG Resources and gave the stock a “hold” rating in a research note on Friday, June 2nd. Barclays PLC reissued an “overweight” rating and set a $101.00 price objective (up previously from $94.00) on shares of EOG Resources in a research note on Thursday, August 3rd. Finally, Wells Fargo & Company raised EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Wednesday, May 10th. One research 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 stock. EOG Resources presently has an average 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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