Cedar Hill Associates buys $17,776,302 stake in EOG Resources Inc (EOG)

EOG Resources Inc (EOG) : Cedar Hill Associates scooped up 2,258 additional shares in EOG Resources Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 191,803 shares of EOG Resources Inc which is valued at $17,776,302.EOG Resources Inc makes up approximately 2.70% of Cedar Hill Associates’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The boosted its stake in EOG in the latest quarter, The investment management firm added 27,744 additional shares and now holds a total of 554,407 shares of EOG Resources Inc which is valued at $50,678,344. EOG Resources Inc makes up approx 0.08% of Manufacturers Life Insurance Company The’s portfolio.Fdo Partners reduced its stake in EOG by selling 17,070 shares or 66.82% in the most recent quarter. The Hedge Fund company now holds 8,478 shares of EOG which is valued at $785,317. EOG Resources Inc makes up approx 0.34% of Fdo Partners’s portfolio.Geode Capital Management boosted its stake in EOG in the latest quarter, The investment management firm added 244,303 additional shares and now holds a total of 4,557,237 shares of EOG Resources Inc which is valued at $422,136,863. EOG Resources Inc makes up approx 0.21% of Geode Capital Management’s portfolio.Profund Advisors reduced its stake in EOG by selling 9,510 shares or 22.33% in the most recent quarter. The Hedge Fund company now holds 33,069 shares of EOG which is valued at $3,063,181. EOG Resources Inc makes up approx 0.15% of Profund Advisors’s portfolio.

EOG Resources Inc opened for trading at $92.75 and hit $94.2767 on the upside on Monday, eventually ending the session at $93.15, with a gain of 0.88% or 0.81 points. The heightened volatility saw the trading volume jump to 27,55,401 shares. Company has a market cap of $53,697 M.

On the company’s financial health, EOG Resources Inc reported $-0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $-0.31. The company had revenue of $2118.50 million for the quarter, compared to analysts expectations of $1866.82 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 EPS.

Many Wall Street Analysts have commented on EOG Resources Inc. EOG Resources Inc was Upgraded by CapitalOne to ” Overweight” on Nov 16, 2016. EOG Resources Inc was Upgraded by CLSA to ” Outperform” on Nov 15, 2016. EOG Resources Inc was Upgraded by Guggenheim to ” Buy” on Nov 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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