Creative Planning Purchases 4,704 Shares of EOG Resources, Inc. (EOG)

Creative Planning boosted 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 (SEC). The firm 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.

Several other hedge funds have also recently made changes to their positions in EOG. BlackRock Inc. raised its stake in shares of 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 during the last quarter. Jennison Associates LLC raised its stake in shares of EOG Resources by 35.3% in the first quarter. Jennison Associates LLC now owns 6,971,347 shares of the energy exploration company’s stock worth $680,055,000 after buying an additional 1,816,980 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of EOG Resources by 3.7% in the first quarter. Neuberger Berman Group LLC now owns 6,507,833 shares of the energy exploration company’s stock worth $634,839,000 after buying an additional 231,183 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of EOG Resources by 10.4% in the first quarter. Geode Capital Management LLC now owns 5,514,351 shares of the energy exploration company’s stock worth $537,142,000 after buying an additional 517,310 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of EOG Resources by 14.9% in the first quarter. American Century Companies Inc. now owns 4,434,418 shares of the energy exploration company’s stock worth $432,577,000 after buying an additional 576,162 shares during the last quarter. 85.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of EOG Resources, Inc. (EOG) traded up 2.87% during midday trading on Tuesday, reaching $92.24. The company had a trading volume of 1,130,373 shares. EOG Resources, Inc. has a one year low of $79.67 and a one year high of $109.37. The company’s market capitalization is $53.26 billion. The company has a 50-day moving average price of $90.89 and a 200 day moving average price of $94.81.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share 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 company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the business earned ($0.38) EPS. The firm’s quarterly revenue was up 47.1% on a year-over-year basis. Equities analysts anticipate that EOG Resources, Inc. will post $0.61 earnings per share for the current fiscal year.

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A number of analysts have recently commented on EOG shares. Sanford C. Bernstein reissued an “outperform” rating on shares of EOG Resources in a research note on Friday, July 7th. Stifel Nicolaus reissued a “buy” rating and set a $111.00 price target on shares of EOG Resources in a research note on Friday, July 14th. ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Citigroup Inc. lowered EOG Resources from a “buy” rating to a “neutral” rating and cut their price target for the company from $112.00 to $98.00 in a research note on Friday, July 21st. Finally, Royal Bank Of Canada set a $115.00 price target on EOG Resources and gave the company a “hold” rating in a research note on Sunday, July 16th. One investment 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. EOG Resources has a consensus rating of “Buy” and a consensus target price 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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