Traders sold shares of EOG Resources Inc (NYSE:EOG) on strength during trading on Thursday. $49.76 million flowed into the stock on the tick-up and $76.77 million flowed out of the stock on the tick-down, for a money net flow of $27.01 million out of the stock. Of all equities tracked, EOG Resources had the 0th highest net out-flow for the day. EOG Resources traded up $1.28 for the day and closed at $107.09
Several research firms recently weighed in on EOG. Zacks Investment Research raised EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research report on Monday, January 15th. Robert W. Baird dropped their price target on EOG Resources from $115.00 to $114.00 and set an “outperform” rating on the stock in a research report on Monday, December 18th. Barclays upped their price target on EOG Resources from $117.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, November 20th. Morgan Stanley dropped their price target on EOG Resources from $142.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Finally, Cowen set a $115.00 price target on EOG Resources and gave the company a “hold” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $116.64.
The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27. The firm has a market capitalization of $62,930.00, a price-to-earnings ratio of 10,883.00, a P/E/G ratio of 3.31 and a beta of 1.01.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were issued a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Tuesday, January 16th. EOG Resources’s dividend payout ratio is 6,700.00%.
In other news, EVP Michael P. Donaldson sold 15,322 shares of the stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $114.26, for a total transaction of $1,750,691.72. Following the transaction, the executive vice president now owns 59,917 shares of the company’s stock, valued at approximately $6,846,116.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Timothy K. Driggers sold 8,871 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $105.45, for a total value of $935,446.95. Following the transaction, the chief financial officer now directly owns 185,157 shares in the company, valued at approximately $19,524,805.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,934 shares of company stock worth $7,820,085. 0.53% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Dowling & Yahnke LLC boosted its stake in EOG Resources by 2.0% during the 4th quarter. Dowling & Yahnke LLC now owns 24,481 shares of the energy exploration company’s stock valued at $2,642,000 after purchasing an additional 485 shares during the period. Cue Financial Group Inc. boosted its stake in EOG Resources by 3.7% during the 4th quarter. Cue Financial Group Inc. now owns 13,590 shares of the energy exploration company’s stock valued at $1,466,000 after purchasing an additional 490 shares during the period. Intrust Bank NA boosted its stake in EOG Resources by 7.9% during the 3rd quarter. Intrust Bank NA now owns 6,735 shares of the energy exploration company’s stock valued at $652,000 after purchasing an additional 493 shares during the period. SevenBridge Financial Group LLC boosted its stake in EOG Resources by 21.9% during the 3rd quarter. SevenBridge Financial Group LLC now owns 2,751 shares of the energy exploration company’s stock valued at $266,000 after purchasing an additional 495 shares during the period. Finally, Whalerock Point Partners LLC boosted its stake in EOG Resources by 5.2% during the 4th quarter. Whalerock Point Partners LLC now owns 10,248 shares of the energy exploration company’s stock valued at $1,106,000 after purchasing an additional 502 shares during the period. 84.55% of the stock is currently owned by institutional investors and hedge funds.
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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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