Investors sold shares of EOG Resources, Inc. (NYSE:EOG) on strength during trading hours on Tuesday. $34.86 million flowed into the stock on the tick-up and $105.25 million flowed out of the stock on the tick-down, for a money net flow of $70.39 million out of the stock. Of all equities tracked, EOG Resources had the 14th highest net out-flow for the day. EOG Resources traded up $0.22 for the day and closed at $101.66
Several analysts have recently commented on EOG shares. Barclays PLC reaffirmed an “overweight” rating and issued a $101.00 price objective (up from $94.00) on shares of EOG Resources in a report on Wednesday, August 9th. Zacks Investment Research raised shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Scotiabank reaffirmed a “hold” rating and issued a $100.00 price objective on shares of EOG Resources in a report on Thursday, August 3rd. BidaskClub downgraded shares of EOG Resources from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $89.00 price objective (down from $101.00) on shares of EOG Resources in a report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the stock. EOG Resources presently has a consensus rating of “Buy” and an average target price of $108.92.
The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. The company has a market cap of $58,780.00, a P/E ratio of 247.90, a price-to-earnings-growth ratio of 14.55 and a beta of 0.99.
EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. EOG Resources’s revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.40) earnings per share. research analysts predict that EOG Resources, Inc. will post 0.78 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were paid a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, October 16th. EOG Resources’s payout ratio is 6,700.00%.
In other news, Director Charles R. Crisp sold 3,411 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $97.03, for a total value of $330,969.33. Following the completion of the transaction, the director now owns 53,196 shares of the company’s stock, valued at $5,161,607.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gary L. Thomas sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the completion of the transaction, the insider now directly owns 1,067,465 shares of the company’s stock, valued at approximately $103,149,142.95. The disclosure for this sale can be found here. In the last three months, insiders sold 153,692 shares of company stock valued at $3,717,390. Insiders own 0.53% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. WINTON GROUP Ltd raised its holdings in EOG Resources by 87.9% in the second quarter. WINTON GROUP Ltd now owns 8,859 shares of the energy exploration company’s stock valued at $802,000 after acquiring an additional 4,144 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in EOG Resources in the third quarter valued at approximately $4,649,000. Wendell David Associates Inc. raised its holdings in EOG Resources by 4.2% in the third quarter. Wendell David Associates Inc. now owns 14,910 shares of the energy exploration company’s stock valued at $1,442,000 after acquiring an additional 600 shares in the last quarter. Usca Ria LLC raised its holdings in EOG Resources by 232.2% in the second quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock valued at $1,417,000 after acquiring an additional 10,939 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in EOG Resources by 6.9% in the third quarter. Aperio Group LLC now owns 263,616 shares of the energy exploration company’s stock valued at $25,502,000 after acquiring an additional 17,107 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.
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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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