EOG Resources Inc (EOG) : Baring Asset Management Ltd reduced its stake in EOG Resources Inc by 5.58% during the most recent quarter end. The investment management company now holds a total of 267,975 shares of EOG Resources Inc which is valued at $22,140,095 after selling 15,831 shares in EOG Resources Inc , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.EOG Resources Inc makes up approximately 1.83% of Baring Asset Management Ltd’s portfolio.
EOG Resources Inc opened for trading at $82.33 and hit $83.06 on the upside on Monday, eventually ending the session at $82.78, with a gain of 0.19% or 0.16 points. The heightened volatility saw the trading volume jump to 43,00,747 shares. Company has a market cap of $45,519 M.
Other Hedge Funds, Including , Calamos Wealth Management boosted its stake in EOG in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 9,512 shares of EOG Resources Inc which is valued at $785,881. EOG Resources Inc makes up approx 0.17% of Calamos Wealth Management’s portfolio.Redwood Investments reduced its stake in EOG by selling 160,457 shares or 99.07% in the most recent quarter. The Hedge Fund company now holds 1,500 shares of EOG which is valued at $121,380. EOG Resources Inc makes up approx 0.01% of Redwood Investments’s portfolio.Private Trust Co Na reduced its stake in EOG by selling 1,583 shares or 13.46% in the most recent quarter. The Hedge Fund company now holds 10,181 shares of EOG which is valued at $823,847. EOG Resources Inc makes up approx 0.22% of Private Trust Co Na’s portfolio.
On the company’s financial health, EOG Resources Inc reported $-0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $-0.31. The company had revenue of $1796.80 million for the quarter, compared to analysts expectations of $2107.28 million. The company’s revenue was down -61.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.79 EPS.
Many Wall Street Analysts have commented on EOG Resources Inc. Shares were Downgraded by Deutsche Bank on Apr 21, 2016 to ” Hold” and Lowered the Price Target to $ 83 from a previous price target of $85 .EOG Resources Inc was Downgraded by Stifel to ” Hold” on Apr 6, 2016. Company shares were Reiterated by Deutsche Bank on Mar 29, 2016 to “Buy”, Firm has raised the Price Target to $ 85 from a previous price target of $83 .
EOG Resources Inc. (EOG) is engaged in the exploration development production and marketing of crude oil and natural gas. The Company operates in producing basins in the United States Canada The Republic of Trinidad and Tobago (Trinidad) the United Kingdom The People’s Republic of China (China) and the Argentine Republic (Argentina) among others. As of December 31 2014 EOG’s total estimated net proved reserves were 2497 million barrels of oil equivalent (MMBoe) of which 1140 million barrels (MMBbl) are crude oil and condensate reserves 467 MMBbl are natural gas liquids (NGLs) reserves and 5343 billion cubic feet or 890 MMBoe are natural gas reserves. As of December 31 2014 approximately 97% of the Company’s net proved reserves on a crude oil equivalent basis are located in the United States and 3% in Trinidad. Its operations are focused in the basins in the United States with a focus on crude oil.