Traders Buy Shares of EOG Resources (EOG) on Weakness

Investors bought shares of EOG Resources Inc (NYSE:EOG) on weakness during trading on Monday. $244.32 million flowed into the stock on the tick-up and $87.69 million flowed out of the stock on the tick-down, for a money net flow of $156.63 million into the stock. Of all equities tracked, EOG Resources had the 2nd highest net in-flow for the day. EOG Resources traded down ($2.97) for the day and closed at $102.12

A number of research firms have recently commented on EOG. Robert W. Baird restated a “buy” rating and set a $126.00 price objective on shares of EOG Resources in a research note on Wednesday, February 27th. Guggenheim restated a “buy” rating and set a $126.00 target price on shares of EOG Resources in a report on Friday, February 22nd. Piper Jaffray Companies restated a “buy” rating and set a $106.00 target price on shares of EOG Resources in a report on Wednesday, January 9th. JPMorgan Chase & Co. set a $116.00 target price on EOG Resources and gave the company a “buy” rating in a report on Friday, January 25th. Finally, Raymond James set a $124.00 target price on EOG Resources and gave the company a “buy” rating in a report on Wednesday, January 23rd. Ten research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. EOG Resources currently has an average rating of “Buy” and an average target price of $123.00.

The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $59.37 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.41 and a beta of 1.26.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.10). EOG Resources had a return on equity of 17.83% and a net margin of 19.79%. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period last year, the business posted $0.69 EPS. EOG Resources’s revenue was up 36.9% on a year-over-year basis. Research analysts anticipate that EOG Resources Inc will post 4.94 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is presently 15.88%.

In other news, Director Frank G. Wisner sold 1,296 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total transaction of $113,114.88. Following the sale, the director now owns 120,052 shares of the company’s stock, valued at approximately $10,478,138.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC increased its holdings in shares of EOG Resources by 76.4% in the first quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 113 shares during the period. Athena Capital Advisors LLC acquired a new position in shares of EOG Resources in the fourth quarter valued at approximately $46,000. Legacy Financial Advisors Inc. increased its holdings in shares of EOG Resources by 108.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 552 shares of the energy exploration company’s stock valued at $48,000 after purchasing an additional 287 shares during the period. Quad Cities Investment Group LLC acquired a new position in shares of EOG Resources in the first quarter valued at approximately $48,000. Finally, Proficio Capital Partners LLC increased its holdings in shares of EOG Resources by 30.8% in the fourth quarter. Proficio Capital Partners LLC now owns 565 shares of the energy exploration company’s stock valued at $49,000 after purchasing an additional 133 shares during the period. 87.89% of the stock is currently owned by institutional investors.

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About EOG Resources (NYSE:EOG)

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 People's Republic of China, and Canada.

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