J.p. Marvel Investment Advisors buys $7.5 Million stake in EOG Resources Inc (EOG)

EOG Resources Inc (EOG) : J.p. Marvel Investment Advisors scooped up 625 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 26, 2016. The investment management firm now holds a total of 92,240 shares of EOG Resources Inc which is valued at $7.5 Million.EOG Resources Inc makes up approximately 2.59% of J.p. Marvel Investment Advisors’s portfolio.

Other Hedge Funds, Including , Hodges Capital Management added EOG to its portfolio by purchasing 4,400 company shares during the most recent quarter which is valued at $358,908. EOG Resources Inc makes up approx 0.02% of Hodges Capital Management’s portfolio.Metropolitan Life Insurance Cony reduced its stake in EOG by selling 5,012 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 290,203 shares of EOG which is valued at $23.5 Million. EOG Resources Inc makes up approx 0.18% of Metropolitan Life Insurance Cony’s portfolio.Her Majesty The Queen In Right Of The Province Of Alberta… boosted its stake in EOG in the latest quarter, The investment management firm added 49,600 additional shares and now holds a total of 88,500 shares of EOG Resources Inc which is valued at $7 Million. EOG Resources Inc makes up approx 0.10% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Diamond Hill Capital Management Inc reduced its stake in EOG by selling 499,946 shares or 19.8% in the most recent quarter. The Hedge Fund company now holds 2,024,577 shares of EOG which is valued at $159.2 Million. EOG Resources Inc makes up approx 1.02% of Diamond Hill Capital Management Inc’s portfolio.Jefferies Group reduced its stake in EOG by selling 9,690 shares or 12.93% in the most recent quarter. The Hedge Fund company now holds 65,279 shares of EOG which is valued at $5.1 Million. EOG Resources Inc makes up approx 0.19% of Jefferies Group’s portfolio.

EOG Resources Inc closed down -0.61 points or -0.75% at $80.75 with 33,37,060 shares getting traded on Wednesday. Post opening the session at $80.65, the shares hit an intraday low of $80 and an intraday high of $81.305 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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 KLR Group to ” Accumulate” on May 25, 2016. EOG Resources Inc was Downgraded by Johnson Rice to ” Hold” on May 19, 2016. EOG Resources Inc was Downgraded by Susquehanna to ” Neutral” on May 11, 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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