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EOG Resources Inc (NYSE:EOG) was the recipient of some unusual options trading activity on Wednesday. Investors bought 303 put options on the stock. This is an increase of 128% compared to the average daily volume of 133 put options.
Shares of EOG Resources (NYSE:EOG) traded up 2.24% during mid-day trading on Friday, reaching $90.08. 4,507,916 shares of the company’s stock were exchanged. EOG Resources has a 52 week low of $78.04 and a 52 week high of $109.37. The stock’s market cap is $52.00 billion. The stock has a 50 day moving average price of $91.95 and a 200 day moving average price of $97.89.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Monday, May 8th. The energy exploration company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. EOG Resources had a negative return on equity of 8.42% and a negative net margin of 17.58%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the company posted ($0.83) earnings per share. EOG Resources’s revenue for the quarter was up 92.8% compared to the same quarter last year. Equities research analysts predict that EOG Resources will post $1.22 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, July 17th will be paid a $0.1675 dividend. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $0.67 dividend on an annualized basis and a yield of 0.74%. EOG Resources’s dividend payout ratio (DPR) is currently -29.65%.
In related news, Director Frank G. Wisner sold 28,000 shares of the stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of $93.35, for a total value of $2,613,800.00. Following the completion of the transaction, the director now directly owns 136,282 shares of the company’s stock, valued at approximately $12,721,924.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.52% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. IHT Wealth Management LLC increased its stake in EOG Resources by 4.1% in the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock valued at $101,000 after buying an additional 41 shares during the period. Chicago Partners Investment Group LLC boosted its position in EOG Resources by 60.0% in the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock valued at $104,000 after buying an additional 401 shares in the last quarter. Advantage Investment Management LLC boosted its position in EOG Resources by 16.6% in the first quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock valued at $105,000 after buying an additional 154 shares in the last quarter. Winfield Associates Inc. boosted its position in EOG Resources by 5.3% in the first quarter. Winfield Associates Inc. now owns 1,132 shares of the energy exploration company’s stock valued at $111,000 after buying an additional 57 shares in the last quarter. Finally, First Interstate Bank boosted its position in EOG Resources by 27.5% in the fourth quarter. First Interstate Bank now owns 1,165 shares of the energy exploration company’s stock valued at $118,000 after buying an additional 251 shares in the last quarter. Institutional investors own 85.49% of the company’s stock.
A number of equities analysts have issued reports on the stock. Iberia Capital raised their price target on shares of EOG Resources from $109.00 to $119.00 and gave the stock an “outperform” rating in a research report on Monday, April 3rd. BMO Capital Markets reissued a “buy” rating on shares of EOG Resources in a research report on Tuesday, May 9th. Royal Bank of Canada reaffirmed a “hold” rating and set a $109.00 target price on shares of EOG Resources in a report on Tuesday, April 25th. Wells Fargo & Co raised shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Wednesday, May 10th. Finally, Bank of America Corp reaffirmed a “neutral” rating and set a $115.00 target price (down from $125.00) on shares of EOG Resources in a report on Thursday, May 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have issued a buy rating to the stock. EOG Resources presently has a consensus rating of “Buy” and an average price target of $107.58.
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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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