Investors Sell Shares of EOG Resources (EOG) on Strength (EOG)

Share on StockTwits

Investors sold shares of EOG Resources Inc (NYSE:EOG) on strength during trading 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 equities 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 equities analysts have weighed in on the company. Stephens set a $122.00 price target on EOG Resources and gave the stock a “hold” rating in a report on Wednesday, July 25th. Stifel Nicolaus set a $147.00 target price on EOG Resources and gave the company a “buy” rating in a research note on Friday, August 3rd. Zacks Investment Research cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Morgan Stanley initiated coverage on EOG Resources in a research note on Thursday, July 12th. They set an “equal weight” rating and a $128.00 target price for the company. Finally, Jefferies Financial Group set a $122.00 target price on EOG Resources and gave the company a “hold” rating in a research note on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $134.38.

The company has a debt-to-equity ratio of 0.30, a current ratio of 0.98 and a quick ratio of 0.83. The stock has a market capitalization of $70.84 billion, a price-to-earnings 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 earnings results on Thursday, August 2nd. The energy exploration company reported $1.37 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.95 billion. During the same period last year, the company earned $0.08 earnings per share. The firm’s revenue for the quarter was up 62.2% on a year-over-year basis. research analysts predict that EOG Resources Inc will post 5.51 EPS for the current fiscal year.

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, October 16th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 0.72%. EOG Resources’s dividend payout ratio (DPR) is currently 66.07%.

In other news, CAO Ann D. Janssen sold 1,258 shares of the firm’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 transaction, the chief accounting officer now directly owns 53,828 shares of the company’s stock, valued at $6,801,167.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Gary L. Thomas sold 50,000 shares of the firm’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $125.36, for a total value of $6,268,000.00. Following the transaction, the president now directly owns 988,947 shares in the company, valued at $123,974,395.92. The disclosure for this sale can be found here. Insiders sold 119,497 shares of company stock worth $14,590,499 over the last ninety days. 0.51% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Glenview Trust Co boosted its stake in EOG Resources by 1.7% during the second quarter. Glenview Trust Co now owns 78,431 shares of the energy exploration company’s stock valued at $9,759,000 after buying an additional 1,274 shares in the last quarter. Key Square Capital Management LLC boosted its stake in EOG Resources by 13.0% during the second quarter. Key Square Capital Management LLC now owns 627,064 shares of the energy exploration company’s stock valued at $78,026,000 after buying an additional 72,248 shares in the last quarter. Stephens Inc. AR boosted its stake in EOG Resources by 6.4% during the second quarter. Stephens Inc. AR now owns 53,020 shares of the energy exploration company’s stock valued at $6,597,000 after buying an additional 3,171 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in EOG Resources by 6.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,686 shares of the energy exploration company’s stock valued at $1,081,000 after buying an additional 511 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its stake in EOG Resources by 79.8% during the second quarter. Ontario Teachers Pension Plan Board now owns 14,255 shares of the energy exploration company’s stock valued at $1,774,000 after buying an additional 6,327 shares in the last quarter. 85.12% of the stock is currently owned by institutional investors.

EOG Resources Company Profile

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.

Recommended Story: What does EPS mean?

Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply