Cambiar Investors buys $97,067,201 stake in EOG Resources Inc (EOG)

EOG Resources Inc (EOG) : Cambiar Investors scooped up 396,076 additional shares in EOG Resources Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 1,233,696 shares of EOG Resources Inc which is valued at $97,067,201.EOG Resources Inc makes up approximately 1.41% of Cambiar Investors’s portfolio.

EOG Resources Inc closed down -2.58 points or -3.17% at $78.68 with 50,70,763 shares getting traded on Friday. Post opening the session at $78.83, the shares hit an intraday low of $78.075 and an intraday high of $81.65 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , B T Capital Management Dba Alpha Capital Management boosted its stake in EOG in the latest quarter, The investment management firm added 1,637 additional shares and now holds a total of 27,838 shares of EOG Resources Inc which is valued at $2,190,294. EOG Resources Inc makes up approx 1.57% of B T Capital Management Dba Alpha Capital Management’s portfolio.Pointe Capital Management boosted its stake in EOG in the latest quarter, The investment management firm added 319 additional shares and now holds a total of 8,143 shares of EOG Resources Inc which is valued at $672,775. EOG Resources Inc makes up approx 0.51% of Pointe Capital Management’s portfolio.Louisiana State Employees Retirement System reduced its stake in EOG by selling 1,700 shares or 4.42% in the most recent quarter. The Hedge Fund company now holds 36,800 shares of EOG which is valued at $3,040,416. EOG Resources Inc makes up approx 0.16% of Louisiana State Employees Retirement System’s portfolio.Everence Capital Management Inc boosted its stake in EOG in the latest quarter, The investment management firm added 3,770 additional shares and now holds a total of 23,102 shares of EOG Resources Inc which is valued at $1,869,414. EOG Resources Inc makes up approx 0.57% of Everence Capital Management Inc’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.

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.

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.

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