Corbyn Investment Management Inc. MD Has $7.22 Million Position in EOG Resources, Inc. (EOG)

Corbyn Investment Management Inc. MD reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,773 shares of the energy exploration company’s stock after selling 150 shares during the period. EOG Resources makes up about 2.3% of Corbyn Investment Management Inc. MD’s portfolio, making the stock its 21st largest position. Corbyn Investment Management Inc. MD’s holdings in EOG Resources were worth $7,221,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in EOG. IHT Wealth Management LLC raised its stake 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 last quarter. Winfield Associates Inc. increased its position in shares of EOG Resources by 1.7% in the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock worth $103,000 after buying an additional 19 shares during the period. 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 period. 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 period. Finally, Exane Derivatives increased its position in shares of 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 institutional investors and hedge funds.

EOG Resources, Inc. (EOG) opened at 83.38 on Friday. EOG Resources, Inc. has a one year low of $83.37 and a one year high of $109.37. The company’s 50 day moving average price is $91.06 and its 200-day moving average price is $93.66. The stock’s market capitalization is $48.15 billion.

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

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A number of brokerages have issued reports on EOG. Barclays PLC restated an “overweight” rating and issued a $101.00 price objective (up previously from $94.00) on shares of EOG Resources in a research note on Wednesday, August 9th. Scotiabank restated a “hold” rating and issued a $100.00 price objective on shares of EOG Resources in a research note on Thursday, August 3rd. Zacks Investment Research upgraded EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. BidaskClub upgraded EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets restated a “buy” rating and issued a $95.00 price objective on shares of EOG Resources in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have issued a buy rating to the company. EOG Resources currently has a consensus rating of “Buy” and an average price target of $108.54.

In related 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 value 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 Securities & Exchange Commission, which is available through this link. 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.

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

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