Traders Buy Shares of EOG Resources Inc. (EOG) on Weakness
Investors purchased shares of EOG Resources Inc. (NYSE:EOG) on weakness during trading on Thursday. $47.76 million flowed into the stock on the tick-up and $25.04 million flowed out of the stock on the tick-down, for a money net flow of $22.72 million into the stock. Of all stocks tracked, EOG Resources had the 22nd highest net in-flow for the day. EOG Resources traded down ($0.62) for the day and closed at $81.49
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday. Tudor Pickering downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. Barclays PLC raised their price target on shares of EOG Resources from $83.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, July 14th. Credit Agricole SA assumed coverage on shares of EOG Resources in a research note on Wednesday, June 22nd. They issued an “underperform” rating on the stock. Finally, Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of EOG Resources in a research note on Wednesday, June 8th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $82.50.
The firm has a 50-day moving average price of $82.72 and a 200 day moving average price of $75.67. The company’s market cap is $44.56 billion.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 5th. The energy exploration company reported ($0.83) EPS for the quarter, beating the consensus estimate of ($0.84) by $0.01. The company earned $1.35 billion during the quarter, compared to analyst estimates of $1.70 billion. EOG Resources’s revenue for the quarter was down 41.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 EPS. On average, analysts predict that EOG Resources Inc. will post ($1.79) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 15th will be issued a $0.1675 dividend. The ex-dividend date is Wednesday, July 13th. This represents a $0.67 annualized dividend and a dividend yield of 0.83%.
In other EOG Resources news, EVP Lloyd W. Helms, Jr. sold 4,875 shares of the firm’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $85.91, for a total transaction of $418,811.25. Following the completion of the sale, the executive vice president now owns 58,867 shares of the company’s stock, valued at $5,057,263.97. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Ann D. Janssen sold 2,819 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $80.85, for a total value of $227,916.15. Following the sale, the vice president now directly owns 62,958 shares of the company’s stock, valued at approximately $5,090,154.30. The disclosure for this sale can be found here.
A number of large investors have bought and sold shares of the company. Private Advisor Group LLC boosted its stake in EOG Resources by 0.7% in the fourth quarter. Private Advisor Group LLC now owns 14,672 shares of the energy exploration company’s stock valued at $1,039,000 after buying an additional 103 shares during the period. BHF Kleinwort Benson Group S.A. acquired a new stake in EOG Resources during the fourth quarter valued at about $1,044,000. Toronto Dominion Bank boosted its stake in EOG Resources by 119.5% in the fourth quarter. Toronto Dominion Bank now owns 19,525 shares of the energy exploration company’s stock valued at $1,383,000 after buying an additional 10,629 shares during the period. American National Bank & Trust Co. VA boosted its stake in EOG Resources by 2.5% in the fourth quarter. American National Bank & Trust Co. VA now owns 25,339 shares of the energy exploration company’s stock valued at $1,793,000 after buying an additional 607 shares during the period. Finally, Kuntz Lesher Capital LLC boosted its stake in EOG Resources by 18.3% in the fourth quarter. Kuntz Lesher Capital LLC now owns 26,487 shares of the energy exploration company’s stock valued at $1,875,000 after buying an additional 4,100 shares during the period.
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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