EOG Resources Inc (EOG) : Exxonmobil Investment Management Inc Tx reduced its stake in EOG Resources Inc by 1.29% during the most recent quarter end. The investment management company now holds a total of 140,599 shares of EOG Resources Inc which is valued at $13,559,368 after selling 1,840 shares in EOG Resources Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.EOG Resources Inc makes up approximately 0.28% of Exxonmobil Investment Management Inc Tx’s portfolio.
Other Hedge Funds, Including , Advisory Services Network boosted its stake in EOG in the latest quarter, The investment management firm added 3,902 additional shares and now holds a total of 6,525 shares of EOG Resources Inc which is valued at $629,271. EOG Resources Inc makes up approx 0.12% of Advisory Services Network’s portfolio.Telemus Capital boosted its stake in EOG in the latest quarter, The investment management firm added 1,610 additional shares and now holds a total of 19,931 shares of EOG Resources Inc which is valued at $1,940,881. EOG Resources Inc makes up approx 0.22% of Telemus Capital’s portfolio. New England Research Management sold out all of its stake in EOG during the most recent quarter. The investment firm sold 3,595 shares of EOG which is valued $350,081.Washington Trust Bank reduced its stake in EOG by selling 38 shares or 4.18% in the most recent quarter. The Hedge Fund company now holds 872 shares of EOG which is valued at $84,915. EOG Resources Inc makes up approx 0.02% of Washington Trust Bank’s portfolio.
EOG Resources Inc closed down -0.7 points or -0.72% at $96.44 with 17,42,934 shares getting traded on Friday. Post opening the session at $96.88, the shares hit an intraday low of $96.05 and an intraday high of $97.33 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.
Investors should note that on Sep 28, 2016, EOG Resources Inc announced a cash dividend of $0.1675. The company’s management has announced Oct 13, 2016 as the ex-dividend date and fixed the record date on Oct 17, 2016. The payable date has been fixed on Oct 31, 2016.
Many Wall Street Analysts have commented on EOG Resources Inc. Company shares were Reiterated by Wunderlich on Oct 7, 2016 to “Buy”, Firm has raised the Price Target to $ 110 from a previous price target of $104 .EOG Resources Inc was Downgraded by Societe Generale to ” Hold” on Oct 3, 2016. FBR & Co. Initiated EOG Resources Inc on Sep 13, 2016 to “Outperform”, Price Target of the shares are set at $108.
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.