Spinnaker Trust buys $1,959,006 stake in EOG Resources Inc (EOG)

EOG Resources Inc (EOG) : Spinnaker Trust scooped up 115 additional shares in EOG Resources Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 23,783 shares of EOG Resources Inc which is valued at $1,959,006.EOG Resources Inc makes up approximately 0.27% of Spinnaker Trust’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in EOG by selling 556 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 1,195,901 shares of EOG which is valued at $98,506,365. EOG Resources Inc makes up approx 0.21% of California State Teachers Retirement System’s portfolio.Cwm reduced its stake in EOG by selling 1,054 shares or 4.27% in the most recent quarter. The Hedge Fund company now holds 23,627 shares of EOG which is valued at $1,913,314. EOG Resources Inc makes up approx 0.13% of Cwm’s portfolio.Hartford Investment Management Co reduced its stake in EOG by selling 2,402 shares or 1.8% in the most recent quarter. The Hedge Fund company now holds 131,028 shares of EOG which is valued at $10,610,647. EOG Resources Inc makes up approx 0.22% of Hartford Investment Management Co’s portfolio.Corbyn Investment Management Incmd reduced its stake in EOG by selling 26,085 shares or 24.06% in the most recent quarter. The Hedge Fund company now holds 82,318 shares of EOG which is valued at $6,852,974. EOG Resources Inc makes up approx 2.14% of Corbyn Investment Management Incmd’s portfolio.

EOG Resources Inc opened for trading at $82.03 and hit $84.3 on the upside on Thursday, eventually ending the session at $84.24, with a gain of 2.27% or 1.87 points. The heightened volatility saw the trading volume jump to 42,43,041 shares. Company has a market cap of $46,355 M.

On the company’s financial health, EOG Resources Inc reported $-0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.48. The company had revenue of $1775.70 million for the quarter, compared to analysts expectations of $1523.75 million. The company’s revenue was down -28.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on EOG Resources Inc. EOG Resources Inc was Downgraded by Tudor Pickering to ” Hold” on Jul 15, 2016. EOG Resources Inc was Initiated by Credit Agricole to “Underperform” on Jun 22, 2016. EOG Resources Inc was Downgraded by KLR Group to ” Accumulate” on May 25, 2016.

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.

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