EOG Resources Inc (EOG) : Alken Asset Management Ltd. reduced its stake in EOG Resources Inc by 4.86% during the most recent quarter end. The investment management company now holds a total of 845,079 shares of EOG Resources Inc which is valued at $66.5 Million after selling 43,128 shares in EOG Resources Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.EOG Resources Inc makes up approximately 6.63% of Alken Asset Management Ltd.’s portfolio.
Other Hedge Funds, Including , Caldwell Orkin Inc sold out all of its stake in EOG during the most recent quarter. The investment firm sold 3,700 shares of EOG which is valued $291,005.Ngam Advisors reduced its stake in EOG by selling 25,598 shares or 20.39% in the most recent quarter. The Hedge Fund company now holds 99,941 shares of EOG which is valued at $7.9 Million. EOG Resources Inc makes up approx 0.12% of Ngam Advisors’s portfolio. 1st Source Bank added EOG to its portfolio by purchasing 3,613 company shares during the most recent quarter which is valued at $298,506. EOG Resources Inc makes up approx 0.03% of 1st Source Bank’s portfolio.Texas Permanent School Fund reduced its stake in EOG by selling 3,185 shares or 1.65% in the most recent quarter. The Hedge Fund company now holds 189,643 shares of EOG which is valued at $15.7 Million. EOG Resources Inc makes up approx 0.20% of Texas Permanent School Fund’s portfolio.
EOG Resources Inc opened for trading at $79.64 and hit $81.41 on the upside on Monday, eventually ending the session at $80.69, with a gain of 2.59% or 2.04 points. The heightened volatility saw the trading volume jump to 29,92,771 shares. Company has a market cap of $44,402 M.
On the company’s financial health, EOG Resources Inc reported $-0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.84. The company had revenue of $1354.30 million for the quarter, compared to analysts expectations of $1447.60 million. The company’s revenue was down -41.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 EPS.
Investors should note that on Apr 27, 2016, EOG Resources Inc announced a cash dividend of $0.1675. The company’s management has announced Jul 13, 2016 as the ex-dividend date and fixed the record date on Jul 15, 2016. The payable date has been fixed on Jul 29, 2016.
Many Wall Street Analysts have commented on EOG Resources Inc. EOG Resources Inc was Downgraded by Susquehanna to ” Neutral” on May 11, 2016. 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.
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.