Traders Buy Shares of EOG Resources (EOG) on Weakness
Investors purchased shares of EOG Resources Inc (NYSE:EOG) on weakness during trading hours on Thursday. $166.44 million flowed into the stock on the tick-up and $88.65 million flowed out of the stock on the tick-down, for a money net flow of $77.79 million into the stock. Of all companies tracked, EOG Resources had the 25th highest net in-flow for the day. EOG Resources traded down ($1.94) for the day and closed at $102.13
A number of research analysts have issued reports on the stock. ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. Zacks Investment Research lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Morgan Stanley cut their price target on shares of EOG Resources from $133.00 to $118.00 and set a “hold” rating on the stock in a research note on Tuesday, November 20th. MKM Partners assumed coverage on shares of EOG Resources in a research note on Wednesday. They set a “buy” rating and a $133.00 price target on the stock. Finally, Robert W. Baird restated a “buy” rating and set a $133.00 price target on shares of EOG Resources in a research note on Monday. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. EOG Resources has a consensus rating of “Buy” and an average target price of $136.42.
The firm has a market capitalization of $60.35 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The company has a current ratio of 1.09, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28.
In related news, Director Charles R. Crisp sold 1,792 shares of the stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $116.80, for a total transaction of $209,305.60. Following the sale, the director now directly owns 49,741 shares of the company’s stock, valued at $5,809,748.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David W. Trice sold 2,489 shares of the stock in a transaction on Friday, September 28th. The stock was sold at an average price of $127.44, for a total transaction of $317,198.16. Following the sale, the executive vice president now directly owns 74,807 shares in the company, valued at $9,533,404.08. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. boosted its holdings in EOG Resources by 889.4% during the third quarter. Marshall Wace North America L.P. now owns 44,523 shares of the energy exploration company’s stock worth $5,679,000 after buying an additional 40,023 shares in the last quarter. Marshall Wace LLP purchased a new position in EOG Resources during the third quarter valued at $2,395,000. Belpointe Asset Management LLC purchased a new position in EOG Resources during the third quarter valued at $573,000. Vanguard Group Inc. lifted its holdings in EOG Resources by 0.6% during the third quarter. Vanguard Group Inc. now owns 43,778,579 shares of the energy exploration company’s stock valued at $5,584,833,000 after purchasing an additional 268,736 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in EOG Resources by 1.8% during the third quarter. Legal & General Group Plc now owns 2,566,005 shares of the energy exploration company’s stock valued at $327,345,000 after purchasing an additional 45,701 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.
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EOG Resources Company Profile (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 United Kingdom, the People's Republic of China, and Canada.
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