Cedar Hill Associates Lowers stake in EOG Resources Inc (EOG)

EOG Resources Inc (EOG) : Cedar Hill Associates reduced its stake in EOG Resources Inc by 0.85% during the most recent quarter end. The investment management company now holds a total of 189,545 shares of EOG Resources Inc which is valued at $15,779,621 after selling 1,625 shares in EOG Resources Inc , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.EOG Resources Inc makes up approximately 2.63% of Cedar Hill Associates’s portfolio.

Other Hedge Funds, Including , Sumitomo Life Insurance Co reduced its stake in EOG by selling 4,387 shares or 10.88% in the most recent quarter. The Hedge Fund company now holds 35,950 shares of EOG which is valued at $2,992,838. EOG Resources Inc makes up approx 0.40% of Sumitomo Life Insurance Co’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.Chevy Chase Trust Holdings boosted its stake in EOG in the latest quarter, The investment management firm added 81,356 additional shares and now holds a total of 770,919 shares of EOG Resources Inc which is valued at $63,631,654. EOG Resources Inc makes up approx 0.35% of Chevy Chase Trust Holdings’s portfolio.Stock Yards Bank Trust Co boosted its stake in EOG in the latest quarter, The investment management firm added 1,090 additional shares and now holds a total of 112,178 shares of EOG Resources Inc which is valued at $9,283,851. EOG Resources Inc makes up approx 1.24% of Stock Yards Bank Trust Co’s portfolio.

EOG Resources Inc closed down -0.85 points or -1.01% at $83.25 with 18,64,795 shares getting traded on Monday. Post opening the session at $83.92, the shares hit an intraday low of $82.74 and an intraday high of $84.31 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

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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