LGT Fund Management Co Ltd. Boosts EOG Resources Holdings by 649%

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LGT Fund Management Co Ltd. increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 649.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor now owns 35,529 shares of the energy exploration company's stock, worth $3,953,000 as of the latest filing.

Why it matters

This significant increase in LGT Fund Management's EOG Resources holdings suggests the firm sees strong potential in the energy company's future performance. As one of the largest U.S. upstream producers, EOG's exploration and production activities are closely watched by institutional investors.

The details

LGT Fund Management Co Ltd. purchased an additional 30,788 shares of EOG Resources stock during the third quarter, bringing its total holdings to 35,529 shares. This represents a 649.4% increase from the previous quarter. EOG Resources is an independent exploration and production company headquartered in Houston, Texas, focusing on crude oil, natural gas, and natural gas liquids.

• LGT Fund Management Co Ltd. increased its EOG Resources holdings during the third quarter of the year.