EOG Resources Inc (EOG) : Mercer Capital Advisers reduced its stake in EOG Resources Inc by 2.44% during the most recent quarter end. The investment management company now holds a total of 4,000 shares of EOG Resources Inc which is valued at $323,680 after selling 100 shares in EOG Resources Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.EOG Resources Inc makes up approximately 0.27% of Mercer Capital Advisers’s portfolio.
EOG Resources Inc opened for trading at $83.69 and hit $85.43 on the upside on Wednesday, eventually ending the session at $84.51, with a gain of 2.09% or 1.73 points. The heightened volatility saw the trading volume jump to 37,95,123 shares. Company has a market cap of $46,471 M.
Other Hedge Funds, Including , Valley National Advisers Inc reduced its stake in EOG by selling 112 shares or 37.33% in the most recent quarter. The Hedge Fund company now holds 188 shares of EOG which is valued at $15,213. EOG Resources Inc makes up approx 0.01% of Valley National Advisers Inc’s portfolio.Beacon Capital Management reduced its stake in EOG by selling 40 shares or 63.49% in the most recent quarter. The Hedge Fund company now holds 23 shares of EOG which is valued at $1,861. Davis R M Inc added EOG to its portfolio by purchasing 3,374 company shares during the most recent quarter which is valued at $273,024. EOG Resources Inc makes up approx 0.01% of Davis R M Inc’s portfolio.Kanaly Trust Co boosted its stake in EOG in the latest quarter, The investment management firm added 127 additional shares and now holds a total of 329,911 shares of EOG Resources Inc which is valued at $24,977,562. EOG Resources Inc makes up approx 4.99% of Kanaly Trust Co’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in EOG in the latest quarter, The investment management firm added 10,671 additional shares and now holds a total of 133,883 shares of EOG Resources Inc which is valued at $10,136,282. EOG Resources Inc makes up approx 0.23% of Exxonmobil Investment Management Inc Tx’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.