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

Investors sold shares of EOG Resources Inc (NYSE:EOG) on strength during trading on Wednesday. $45.63 million flowed into the stock on the tick-up and $85.13 million flowed out of the stock on the tick-down, for a money net flow of $39.50 million out of the stock. Of all companies tracked, EOG Resources had the 33rd highest net out-flow for the day. EOG Resources traded up $0.30 for the day and closed at $98.67

Several research analysts recently issued reports on the stock. Piper Jaffray Companies set a $138.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a report on Sunday, September 30th. Morgan Stanley raised their target price on shares of EOG Resources from $122.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, September 26th. BMO Capital Markets reissued a “buy” rating and set a $140.00 target price on shares of EOG Resources in a report on Thursday, October 11th. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research report on Tuesday, October 16th. Finally, Royal Bank of Canada set a $142.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research report on Thursday, September 20th. Nine research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $133.21.

The stock has a market cap of $57.22 billion, a PE ratio of 90.22, a PEG ratio of 1.31 and a beta of 1.27. 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 earnings results on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.19. EOG Resources had a net margin of 30.90% and a return on equity of 16.79%. The business had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the business earned $0.19 earnings per share. The company’s revenue for the quarter was up 80.8% compared to the same quarter last year. Research analysts expect that EOG Resources Inc will post 5.79 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Thursday, January 17th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Wednesday, January 16th. EOG Resources’s dividend payout ratio is currently 78.57%.

In other news, EVP Ezra Y. Yacob sold 2,388 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $98.77, for a total value of $235,862.76. Following the transaction, the executive vice president now directly owns 45,424 shares of the company’s stock, valued at $4,486,528.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frank G. Wisner sold 3,150 shares of the firm’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $92.60, for a total transaction of $291,690.00. Following the completion of the transaction, the director now directly owns 116,586 shares in the company, valued at $10,795,863.60. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Several large investors have recently bought and sold shares of EOG. FMR LLC lifted its stake in shares of EOG Resources by 17.5% in the second quarter. FMR LLC now owns 25,710,159 shares of the energy exploration company’s stock worth $3,199,115,000 after buying an additional 3,822,930 shares in the last quarter. Centaurus Financial Inc. purchased a new position in shares of EOG Resources in the second quarter worth about $233,000. Bank of Nova Scotia raised its stake in EOG Resources by 25.8% during the second quarter. Bank of Nova Scotia now owns 92,704 shares of the energy exploration company’s stock worth $11,535,000 after purchasing an additional 19,020 shares during the period. Schroder Investment Management Group raised its stake in EOG Resources by 293.7% during the second quarter. Schroder Investment Management Group now owns 38,775 shares of the energy exploration company’s stock worth $4,788,000 after purchasing an additional 28,927 shares during the period. Finally, Andra AP fonden purchased a new position in EOG Resources during the second quarter worth about $3,260,000. 85.52% of the stock is currently owned by hedge funds and other institutional investors.

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EOG Resources Company Profile (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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