EOG Resources Target of Unusually Large Options Trading (EOG)
EOG Resources, Inc. (NYSE:EOG) was the target of unusually large options trading activity on Wednesday. Stock traders purchased 303 put options on the stock. This is an increase of 128% compared to the typical daily volume of 133 put options.
In other news, Director Frank G. Wisner sold 28,000 shares of the business’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $93.35, for a total transaction of $2,613,800.00. Following the transaction, the director now directly owns 136,282 shares of the company’s stock, valued at $12,721,924.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.53% of the company’s stock.
Hedge funds have recently modified their holdings of the company. IHT Wealth Management LLC increased its stake in shares of EOG Resources by 4.1% in the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock valued at $101,000 after buying an additional 41 shares during the period. Chicago Partners Investment Group LLC increased its stake in shares of EOG Resources by 60.0% in the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock valued at $104,000 after buying an additional 401 shares during the period. Advantage Investment Management LLC increased its stake in shares of EOG Resources by 16.6% in the first quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock valued at $105,000 after buying an additional 154 shares during the period. Winfield Associates Inc. increased its stake in shares of EOG Resources by 5.3% in the first quarter. Winfield Associates Inc. now owns 1,132 shares of the energy exploration company’s stock valued at $111,000 after buying an additional 57 shares during the period. Finally, First Interstate Bank increased its stake in shares of EOG Resources by 27.5% in the fourth quarter. First Interstate Bank now owns 1,165 shares of the energy exploration company’s stock valued at $118,000 after buying an additional 251 shares during the period. 85.34% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on the stock. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Credit Suisse Group set a $108.00 target price on shares of EOG Resources and gave the stock a “hold” rating in a research report on Friday, June 2nd. Piper Jaffray Companies reissued an “overweight” rating and set a $114.00 target price on shares of EOG Resources in a research report on Wednesday, May 31st. Stifel Nicolaus restated a “buy” rating and issued a $111.00 price target on shares of EOG Resources in a research note on Friday, May 26th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $95.00 price target on shares of EOG Resources in a research note on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $107.58.
Shares of EOG Resources (NYSE EOG) opened at 87.12 on Thursday. The company has a 50-day moving average of $90.99 and a 200 day moving average of $97.41. The firm’s market cap is $50.29 billion. EOG Resources has a 12-month low of $78.04 and a 12-month high of $109.37.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Monday, May 8th. The energy exploration company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.19 billion. EOG Resources had a negative return on equity of 2.69% and a negative net margin of 6.70%. The company’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.83) earnings per share. Equities analysts predict that EOG Resources will post $1.20 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be paid a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, July 13th. EOG Resources’s dividend payout ratio (DPR) is presently -62.04%.
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EOG Resources Company Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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