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

Traders sold shares of EOG Resources Inc (NYSE:EOG) on strength during trading hours on Friday. $44.54 million flowed into the stock on the tick-up and $75.94 million flowed out of the stock on the tick-down, for a money net flow of $31.40 million out of the stock. Of all stocks tracked, EOG Resources had the 0th highest net out-flow for the day. EOG Resources traded up $0.46 for the day and closed at $122.77

A number of research analysts recently weighed in on EOG shares. TD Securities raised their price objective on EOG Resources from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. Morgan Stanley started coverage on EOG Resources in a report on Thursday, July 12th. They set an “equal weight” rating and a $128.00 price objective on the stock. Zacks Investment Research raised EOG Resources from a “hold” rating to a “strong-buy” rating and set a $142.00 price objective on the stock in a report on Monday, July 9th. Societe Generale raised EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday, June 27th. Finally, Stifel Nicolaus set a $146.00 price objective on EOG Resources and gave the stock a “buy” rating in a report on Monday, April 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. EOG Resources presently has a consensus rating of “Buy” and an average target price of $134.38.

The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 0.30. The company has a market cap of $70.84 billion, a P/E ratio of 109.62, a price-to-earnings-growth ratio of 2.91 and a beta of 0.99.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 2nd. The energy exploration company reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.13. EOG Resources had a return on equity of 12.38% and a net margin of 27.81%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter in the previous year, the company posted $0.08 EPS. The business’s revenue for the quarter was up 62.2% compared to the same quarter last year. equities research analysts predict that EOG Resources Inc will post 5.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 17th will be given a $0.22 dividend. This is an increase from EOG Resources’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, October 16th. This represents a $0.88 annualized dividend and a yield of 0.72%. EOG Resources’s payout ratio is presently 66.07%.

In other news, CAO Ann D. Janssen sold 1,258 shares of the business’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $126.35, for a total transaction of $158,948.30. Following the completion of the sale, the chief accounting officer now owns 53,828 shares in the company, valued at $6,801,167.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Timothy K. Driggers sold 10,489 shares of the business’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $126.31, for a total value of $1,324,865.59. Following the sale, the chief financial officer now owns 205,338 shares of the company’s stock, valued at approximately $25,936,242.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 119,497 shares of company stock valued at $14,590,499. Corporate insiders own 0.51% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Optimum Investment Advisors acquired a new stake in shares of EOG Resources during the first quarter worth $109,000. Transamerica Financial Advisors Inc. acquired a new position in EOG Resources in the second quarter valued at about $158,000. Citizens Financial Group Inc RI grew its stake in EOG Resources by 41.8% in the first quarter. Citizens Financial Group Inc RI now owns 1,546 shares of the energy exploration company’s stock valued at $162,000 after acquiring an additional 456 shares during the period. Kaizen Advisory LLC grew its stake in EOG Resources by 133.6% in the second quarter. Kaizen Advisory LLC now owns 1,301 shares of the energy exploration company’s stock valued at $162,000 after acquiring an additional 744 shares during the period. Finally, First Personal Financial Services grew its stake in EOG Resources by 49.4% in the first quarter. First Personal Financial Services now owns 1,573 shares of the energy exploration company’s stock valued at $166,000 after acquiring an additional 520 shares during the period. Institutional investors own 85.12% of the company’s stock.

About EOG Resources

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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