EOG Resources, Inc. (NYSE:EOG) Short Interest Update

EOG Resources, Inc. (NYSE:EOG) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 10,560,000 shares, a growth of 9.3% from the March 31st total of 9,660,000 shares. Based on an average daily trading volume, of 3,460,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 1.8% of the company’s stock are short sold.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays assumed coverage on shares of EOG Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective on the stock. TD Securities lowered their price objective on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, February 23rd. KeyCorp boosted their price objective on shares of EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Truist Financial lowered their price objective on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $142.27.

EOG Resources Stock Down 2.4 %

Shares of EOG traded down $3.29 during trading hours on Tuesday, reaching $132.96. 1,333,827 shares of the stock traded hands, compared to its average volume of 3,325,700. The company has a market cap of $76.48 billion, a price-to-earnings ratio of 10.35 and a beta of 1.40. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $126.15 and a 200 day simple moving average of $122.49. EOG Resources has a 52 week low of $106.32 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.30 earnings per share. On average, equities analysts forecast that EOG Resources will post 12.3 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a dividend of $0.91 per share. The ex-dividend date is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.74%. EOG Resources’s dividend payout ratio is currently 27.98%.

Institutional Investors Weigh In On EOG Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. McIlrath & Eck LLC boosted its stake in shares of EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 104 shares in the last quarter. Peoples Bank KS bought a new stake in shares of EOG Resources during the 3rd quarter valued at about $31,000. Exchange Traded Concepts LLC boosted its stake in shares of EOG Resources by 530.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 212 shares in the last quarter. Sachetta LLC bought a new stake in shares of EOG Resources during the 4th quarter valued at about $33,000. Finally, Norwood Financial Corp bought a new stake in shares of EOG Resources during the 1st quarter valued at about $37,000. 89.91% of the stock is currently owned by institutional investors.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.