EOG Resources Inc (EOG) : Aberdeen Asset Management Plcuk reduced its stake in EOG Resources Inc by 14.14% during the most recent quarter end. The investment management company now holds a total of 9,389,140 shares of EOG Resources Inc which is valued at $773,383,462 after selling 1,546,286 shares in EOG Resources Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.EOG Resources Inc makes up approximately 2.79% of Aberdeen Asset Management Plcuk’s portfolio.
Other Hedge Funds, Including , Thompson Investment Management boosted its stake in EOG in the latest quarter, The investment management firm added 420 additional shares and now holds a total of 58,648 shares of EOG Resources Inc which is valued at $4,830,836. EOG Resources Inc makes up approx 0.95% of Thompson Investment Management’s portfolio. Alken Asset Management Ltd. sold out all of its stake in EOG during the most recent quarter. The investment firm sold 845,079 shares of EOG which is valued $69,042,954.
EOG Resources Inc opened for trading at $82.03 and hit $84.3 on the upside on Thursday, eventually ending the session at $84.24, with a gain of 2.27% or 1.87 points. The heightened volatility saw the trading volume jump to 42,43,041 shares. Company has a market cap of $46,355 M.
On the company’s financial health, EOG Resources Inc reported $-0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.48. The company had revenue of $1775.70 million for the quarter, compared to analysts expectations of $1523.75 million. The company’s revenue was down -28.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 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.