First American Trust Fsb Lowers stake in EOG Resources Inc (EOG)

EOG Resources Inc (EOG) : First American Trust Fsb reduced its stake in EOG Resources Inc by 1.03% during the most recent quarter end. The investment management company now holds a total of 39,674 shares of EOG Resources Inc which is valued at $3,863,454 after selling 413 shares in EOG Resources Inc , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.EOG Resources Inc makes up approximately 1.21% of First American Trust Fsb’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in EOG by selling 24,978 shares or 36.41% in the most recent quarter. The Hedge Fund company now holds 43,632 shares of EOG which is valued at $4,248,884. EOG Resources Inc makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.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.Cullinan Associates Inc boosted its stake in EOG in the latest quarter, The investment management firm added 3,850 additional shares and now holds a total of 12,660 shares of EOG Resources Inc which is valued at $1,232,831. EOG Resources Inc makes up approx 0.11% of Cullinan Associates Inc’s portfolio.Harbour Capital Advisors reduced its stake in EOG by selling 2,227 shares or 27.5% in the most recent quarter. The Hedge Fund company now holds 5,871 shares of EOG which is valued at $571,718. EOG Resources Inc makes up approx 0.31% of Harbour Capital Advisors’s portfolio.

EOG Resources Inc closed down -0.97 points or -1.01% at $95.14 with 17,24,720 shares getting traded on Tuesday. Post opening the session at $96.32, the shares hit an intraday low of $94.5052 and an intraday high of $96.369 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. 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.FBR Capital 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.

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