Loeb Partners Corp adds EOG Resources Inc (EOG) to its portfolio

EOG Resources Inc (EOG) : Loeb Partners Corp added new position in EOG Resources Inc during the most recent quarter end. The investment management firm now holds 63,025 shares of EOG Resources Inc which is valued at $5,103,765 , the company said in a statement filed on Jul 20, 2016 with the SEC.EOG Resources Inc makes up approximately 1.66% of Loeb Partners Corp’s portfolio.

Other Hedge Funds, Including , Jones Collombin Investment Counsel Inc added EOG to its portfolio by purchasing 70,320 company shares during the most recent quarter which is valued at $5,694,514. EOG Resources Inc makes up approx 1.64% of Jones Collombin Investment Counsel Inc’s portfolio.Trust Co Of Vermont boosted its stake in EOG in the latest quarter, The investment management firm added 107 additional shares and now holds a total of 6,679 shares of EOG Resources Inc which is valued at $548,413. EOG Resources Inc makes up approx 0.07% of Trust Co Of Vermont’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma boosted its stake in EOG in the latest quarter, The investment management firm added 1,859 additional shares and now holds a total of 1,036,665 shares of EOG Resources Inc which is valued at $86,913,994. EOG Resources Inc makes up approx 1.95% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.British Columbia Investment Management Corp boosted its stake in EOG in the latest quarter, The investment management firm added 10,995 additional shares and now holds a total of 356,145 shares of EOG Resources Inc which is valued at $29,396,208. EOG Resources Inc makes up approx 0.25% of British Columbia Investment Management Corp’s portfolio. Kistler-tiffany Companies added EOG to its portfolio by purchasing 27 company shares during the most recent quarter which is valued at $2,229.

EOG Resources Inc opened for trading at $81.53 and hit $82.86 on the upside on Wednesday, eventually ending the session at $82.11, with a gain of 0.09% or 0.07 points. The heightened volatility saw the trading volume jump to 21,56,700 shares. Company has a market cap of $45,183 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.

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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