Investors Sell EOG Resources, Inc. (EOG) on Strength (EOG)
Traders sold shares of EOG Resources, Inc. (NYSE:EOG) on strength during trading hours on Monday. $21.72 million flowed into the stock on the tick-up and $59.44 million flowed out of the stock on the tick-down, for a money net flow of $37.72 million out of the stock. Of all equities tracked, EOG Resources had the 12th highest net out-flow for the day. EOG Resources traded up $0.31 for the day and closed at $96.50
A number of analysts have commented on EOG shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of EOG Resources in a research note on Friday, July 7th. Stifel Nicolaus reissued a “buy” rating and set a $111.00 price target on shares of EOG Resources in a research note on Friday, July 14th. Barclays PLC reissued an “overweight” rating and set a $101.00 price target (up from $94.00) on shares of EOG Resources in a research note on Wednesday, August 9th. Citigroup Inc. lowered EOG Resources from a “buy” rating to a “neutral” rating and dropped their price target for the company from $112.00 to $98.00 in a research note on Friday, July 21st. Finally, Royal Bank Of Canada set a $115.00 price target on EOG Resources and gave the company a “hold” rating in a research note on Sunday, July 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $107.54.
The firm has a 50 day moving average price of $90.41 and a 200-day moving average price of $91.66. The firm’s market capitalization is $55.72 billion.
EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. During the same period last year, the company earned ($0.38) EPS. The business’s quarterly revenue was up 47.1% compared to the same quarter last year. Equities analysts expect that EOG Resources, Inc. will post $0.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be paid a $0.1675 dividend. The ex-dividend date is Monday, October 16th. This represents a $0.67 annualized dividend and a yield of 0.69%. EOG Resources’s dividend payout ratio is presently -131.37%.
In related news, Director Charles R. Crisp sold 3,411 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $97.03, for a total transaction of $330,969.33. Following the completion of the transaction, the director now directly owns 53,196 shares of the company’s stock, valued at $5,161,607.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the 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 transaction, the executive vice president now directly owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The disclosure for this sale can be found here. Insiders have sold 38,578 shares of company stock valued at $3,700,882 in the last quarter. Insiders own 0.53% of the company’s stock.
A number of institutional investors have recently modified their holdings of EOG. BlackRock Inc. increased its holdings in EOG Resources by 2,098.0% in the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock valued at $3,486,473,000 after buying an additional 34,114,299 shares in the last quarter. Capital Research Global Investors increased its holdings in EOG Resources by 14.7% in the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock valued at $3,787,329,000 after buying an additional 5,368,941 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in EOG Resources by 64.9% in the second quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock valued at $479,202,000 after buying an additional 2,083,122 shares in the last quarter. Capital World Investors increased its holdings in EOG Resources by 9.9% in the second quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock valued at $1,580,657,000 after buying an additional 1,568,085 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its holdings in EOG Resources by 49.2% in the second quarter. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the energy exploration company’s stock valued at $399,039,000 after buying an additional 1,452,947 shares in the last quarter. 85.37% of the stock is owned by institutional investors.
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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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