Investors Sell EOG Resources, Inc. (EOG) on Strength (EOG)
Traders sold shares of EOG Resources, Inc. (NYSE:EOG) on strength during trading on Tuesday. $31.27 million flowed into the stock on the tick-up and $67.45 million flowed out of the stock on the tick-down, for a money net flow of $36.18 million out of the stock. Of all stocks tracked, EOG Resources had the 21st highest net out-flow for the day. EOG Resources traded up $0.54 for the day and closed at $88.47
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. BidaskClub raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC reissued a “hold” rating and set a $95.00 target price on shares of EOG Resources in a research note on Wednesday, May 17th. FBR & Co set a $122.00 target price on shares of EOG Resources and gave the stock an “outperform” rating in a research note on Wednesday, May 17th. Finally, Scotiabank reissued a “hold” rating and set a $109.00 target price on shares of EOG Resources in a research note on Tuesday, May 16th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the stock. EOG Resources presently has an average rating of “Buy” and a consensus target price of $108.48.
The stock’s market capitalization is $51.09 billion. The stock has a 50 day moving average price of $88.34 and a 200 day moving average price of $91.88.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the prior year, the firm earned ($0.38) earnings per share. The business’s quarterly revenue was up 47.1% compared to the same quarter last year. Analysts forecast that EOG Resources, Inc. will post $0.60 earnings per share for the current fiscal year.
In other EOG Resources news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $88.22, for a total transaction of $352,880.00. Following the completion of the sale, the executive vice president now directly owns 70,987 shares of the company’s stock, valued at approximately $6,262,473.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.53% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Intl Fcstone Inc. bought a new stake in EOG Resources during the 2nd quarter worth about $797,000. Lord Abbett & CO. LLC raised its holdings in EOG Resources by 11.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 759,077 shares of the energy exploration company’s stock worth $68,712,000 after purchasing an additional 78,934 shares during the last quarter. Sentry Investment Management LLC raised its holdings in EOG Resources by 104.4% during the 2nd quarter. Sentry Investment Management LLC now owns 45,835 shares of the energy exploration company’s stock worth $4,149,000 after purchasing an additional 23,407 shares during the last quarter. Toronto Dominion Bank raised its holdings in EOG Resources by 25.3% during the 2nd quarter. Toronto Dominion Bank now owns 198,397 shares of the energy exploration company’s stock worth $17,955,000 after purchasing an additional 40,054 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in EOG Resources by 16.4% during the 2nd quarter. Cetera Investment Advisers now owns 7,502 shares of the energy exploration company’s stock worth $681,000 after purchasing an additional 1,055 shares during the last quarter. 85.48% of the stock is owned by hedge funds and other institutional investors.
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About EOG Resources
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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