Investors Sell EOG Resources, Inc. (EOG) on Strength (EOG)
Traders sold shares of EOG Resources, Inc. (NYSE:EOG) on strength during trading on Thursday. $33.74 million flowed into the stock on the tick-up and $71.22 million flowed out of the stock on the tick-down, for a money net flow of $37.48 million out of the stock. Of all companies tracked, EOG Resources had the 27th highest net out-flow for the day. EOG Resources traded up $0.75 for the day and closed at $88.60
Several equities analysts recently commented on the company. FBR & Co set a $122.00 price target on EOG Resources and gave the stock an “outperform” rating in a research report on Wednesday, May 17th. Stifel Nicolaus reissued a “buy” rating and set a $111.00 price target on shares of EOG Resources in a research report on Friday, May 26th. BidaskClub raised EOG Resources from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Zacks Investment Research raised EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $114.00 price target on shares of EOG Resources in a research report on Wednesday, May 31st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $108.08.
The company’s market capitalization is $51.16 billion. The company has a 50-day moving average price of $88.68 and a 200 day moving average price of $92.08.
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 Thomson Reuters’ consensus estimate of $0.10 by $0.02. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. EOG Resources’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.38) EPS. Analysts anticipate that EOG Resources, Inc. will post $0.61 earnings per share for the current year.
In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $88.22, for a total transaction of $352,880.00. Following the completion of the transaction, the executive vice president now owns 70,987 shares in the company, valued at approximately $6,262,473.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of EOG. BlackRock Inc. increased its holdings in EOG Resources by 2,098.0% during the 1st quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock valued at $3,486,473,000 after purchasing an additional 34,114,299 shares in the last quarter. Capital Research Global Investors increased its holdings in EOG Resources by 14.7% during the 2nd 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 purchasing an additional 5,368,941 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in EOG Resources by 64.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock valued at $479,202,000 after purchasing an additional 2,083,122 shares in the last quarter. Jennison Associates LLC increased its holdings in EOG Resources by 35.3% during the 1st quarter. Jennison Associates LLC now owns 6,971,347 shares of the energy exploration company’s stock valued at $680,055,000 after purchasing an additional 1,816,980 shares in the last quarter. Finally, Capital World Investors increased its holdings in EOG Resources by 9.9% during the 2nd quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock valued at $1,580,657,000 after purchasing an additional 1,568,085 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.
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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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