Traders Sell Shares of EOG Resources (EOG) on Strength (EOG)

Investors sold shares of EOG Resources Inc (NYSE:EOG) on strength during trading on Friday. $64.08 million flowed into the stock on the tick-up and $112.94 million flowed out of the stock on the tick-down, for a money net flow of $48.86 million out of the stock. Of all equities tracked, EOG Resources had the 11th highest net out-flow for the day. EOG Resources traded up $0.66 for the day and closed at $105.51

EOG has been the topic of several analyst reports. Mizuho initiated coverage on shares of EOG Resources in a report on Monday, July 23rd. They issued a “buy” rating and a $173.00 price target on the stock. Royal Bank of Canada set a $142.00 price target on shares of EOG Resources and gave the stock a “hold” rating in a report on Thursday, September 20th. ValuEngine lowered shares of EOG Resources from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. JPMorgan Chase & Co. lifted their price target on shares of EOG Resources from $118.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. Finally, TD Securities boosted their price objective on shares of EOG Resources from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $139.13.

The firm has a market cap of $62.24 billion, a price-to-earnings ratio of 94.21, a price-to-earnings-growth ratio of 1.27 and a beta of 1.16. The company has a current ratio of 1.09, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.19. The firm had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.20 billion. EOG Resources had a net margin of 30.90% and a return on equity of 16.79%. The business’s quarterly revenue was up 80.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 earnings per share. As a group, analysts anticipate that EOG Resources Inc will post 5.97 EPS for the current fiscal year.

In related news, Director Charles R. Crisp sold 1,792 shares of the business’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $116.80, for a total transaction of $209,305.60. Following the completion of the transaction, the director now directly owns 49,741 shares in the company, valued at $5,809,748.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David W. Trice sold 2,489 shares of the business’s stock in a transaction on Friday, September 28th. The shares were sold at an average price of $127.44, for a total transaction of $317,198.16. Following the transaction, the executive vice president now owns 74,807 shares of the company’s stock, valued at $9,533,404.08. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. NuWave Investment Management LLC raised its position in shares of EOG Resources by 2,366.7% in the third quarter. NuWave Investment Management LLC now owns 1,184 shares of the energy exploration company’s stock worth $151,000 after acquiring an additional 1,136 shares during the period. Transamerica Financial Advisors Inc. acquired a new position in shares of EOG Resources in the second quarter worth about $158,000. ELM Advisors LLC acquired a new position in shares of EOG Resources in the third quarter worth about $162,000. Kaizen Advisory LLC raised its position in shares of EOG Resources by 133.6% in the second quarter. Kaizen Advisory LLC now owns 1,301 shares of the energy exploration company’s stock worth $162,000 after acquiring an additional 744 shares during the period. Finally, Alpha Windward LLC acquired a new position in shares of EOG Resources in the second quarter worth about $193,000. Institutional investors own 86.24% of the company’s stock.

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About EOG Resources (NYSE:EOG)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

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