Arrow Financial Corp Buys 620 Shares of EOG Resources, Inc. (EOG)

Arrow Financial Corp increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 7.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,400 shares of the energy exploration company’s stock after buying an additional 620 shares during the period. Arrow Financial Corp’s holdings in EOG Resources were worth $851,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in EOG. Glen Harbor Capital Management LLC raised its stake in shares of EOG Resources by 30.8% in the first quarter. Glen Harbor Capital Management LLC now owns 6,256 shares of the energy exploration company’s stock valued at $610,000 after buying an additional 1,472 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in shares of EOG Resources during the first quarter valued at $3,612,000. B & T Capital Management DBA Alpha Capital Management raised its stake in shares of EOG Resources by 0.8% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 11,269 shares of the energy exploration company’s stock valued at $1,099,000 after buying an additional 86 shares during the period. ProShare Advisors LLC raised its stake in shares of EOG Resources by 4.4% in the first quarter. ProShare Advisors LLC now owns 126,611 shares of the energy exploration company’s stock valued at $12,351,000 after buying an additional 5,359 shares during the period. Finally, Sigma Planning Corp raised its stake in shares of EOG Resources by 43.4% in the first quarter. Sigma Planning Corp now owns 3,066 shares of the energy exploration company’s stock valued at $299,000 after buying an additional 928 shares during the period. Institutional investors and hedge funds own 83.25% of the company’s stock.

Shares of EOG Resources, Inc. (NYSE:EOG) opened at 83.69 on Tuesday. EOG Resources, Inc. has a 1-year low of $83.29 and a 1-year high of $109.37. The stock’s market capitalization is $48.33 billion. The company has a 50 day moving average price of $90.69 and a 200-day moving average price of $93.31.

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 the 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 analyst estimates of $2.51 billion. During the same quarter in the prior year, the business earned ($0.38) earnings per share. The firm’s revenue was up 47.1% compared to the same quarter last year. On average, equities research analysts forecast that EOG Resources, Inc. will post $0.61 EPS for the current fiscal year.

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Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. BidaskClub raised EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. William Blair reissued an “outperform” rating and set a $115.00 target price (down previously from $125.00) on shares of EOG Resources in a research report on Thursday, May 11th. Bank of America Corporation reissued a “neutral” rating and set a $115.00 target price (down previously from $125.00) on shares of EOG Resources in a research report on Thursday, May 11th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $95.00 target price on shares of EOG Resources in a research report on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have given a buy rating to the stock. EOG Resources has an average rating of “Buy” and an average target price of $108.54.

In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $6,262,473.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by company 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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