Investors Buy EOG Resources (EOG) on Weakness

Traders bought shares of EOG Resources Inc (NYSE:EOG) on weakness during trading on Tuesday. $175.96 million flowed into the stock on the tick-up and $87.33 million flowed out of the stock on the tick-down, for a money net flow of $88.63 million into the stock. Of all equities tracked, EOG Resources had the 18th highest net in-flow for the day. EOG Resources traded down ($2.14) for the day and closed at $113.39

A number of brokerages have recently weighed in on EOG. Zacks Investment Research cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. BMO Capital Markets reaffirmed a “buy” rating and issued a $120.00 price objective on shares of EOG Resources in a research note on Thursday, January 11th. Jefferies Group lifted their price objective on EOG Resources from $95.00 to $99.00 and gave the company a “hold” rating in a research note on Tuesday, November 7th. Royal Bank of Canada set a $107.00 target price on EOG Resources and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus set a $106.00 target price on EOG Resources and gave the stock a “buy” rating in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $114.50.

The stock has a market capitalization of $65,564.27, a price-to-earnings ratio of 11,353.00, a PEG ratio of 4.83 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.07. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. EOG Resources’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.40) EPS. sell-side analysts predict that EOG Resources Inc will post 0.89 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be issued a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, January 16th. EOG Resources’s dividend payout ratio (DPR) is 6,700.00%.

In other EOG Resources news, President Gary L. Thomas sold 2,000 shares of EOG Resources stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $107.95, for a total transaction of $215,900.00. Following the completion of the sale, the president now directly owns 1,046,430 shares of the company’s stock, valued at approximately $112,962,118.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David W. Trice sold 3,114 shares of EOG Resources stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $106.65, for a total value of $332,108.10. Following the sale, the executive vice president now directly owns 80,415 shares of the company’s stock, valued at $8,576,259.75. The disclosure for this sale can be found here. Insiders have sold a total of 139,048 shares of company stock valued at $8,173,973 over the last ninety days. 0.53% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in EOG. Schroder Investment Management Group lifted its holdings in EOG Resources by 13.2% during the 2nd quarter. Schroder Investment Management Group now owns 12,110 shares of the energy exploration company’s stock worth $1,090,000 after buying an additional 1,415 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of EOG Resources by 4.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,346 shares of the energy exploration company’s stock valued at $665,000 after purchasing an additional 318 shares during the last quarter. BT Investment Management Ltd purchased a new stake in shares of EOG Resources in the 2nd quarter valued at about $699,000. Thrivent Financial For Lutherans lifted its holdings in shares of EOG Resources by 3.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 21,935 shares of the energy exploration company’s stock valued at $1,985,000 after purchasing an additional 640 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of EOG Resources by 5.3% in the 2nd quarter. New York State Common Retirement Fund now owns 1,806,055 shares of the energy exploration company’s stock valued at $163,484,000 after purchasing an additional 90,399 shares during the last quarter. 85.28% of the stock is owned by institutional investors.

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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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