RBC Cuts Stake in EOG Resources by 8.3%

Royal Bank of Canada has reduced its stake in EOG Resources by selling 342,950 shares during the first quarter. According to a recent 13F filing with the Securities and Exchange Commission, the bank's holdings in the energy exploration company decreased by 8.3%. The fund now owns 3,774,748 shares of EOG's stock.

The sale was made at an estimated value of $545,715,000, which accounts for 0.71% of EOG Resources' market capitalization. This move is part of a larger trend in the energy sector, where institutional investors are adjusting their portfolios to reflect changing market conditions.