EOG Resources, Inc. (NYSE:EOG) Short Interest Update

EOG Resources, Inc. (NYSE:EOG) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 11,470,000 shares, a decline of 6.0% from the September 30th total of 12,200,000 shares. Based on an average daily volume of 3,060,000 shares, the days-to-cover ratio is currently 3.7 days. Currently, 2.0% of the shares of the stock are sold short.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EOG Resources

Several hedge funds have recently made changes to their positions in EOG. SpiderRock Advisors LLC raised its stake in EOG Resources by 34.3% during the 3rd quarter. SpiderRock Advisors LLC now owns 5,696 shares of the energy exploration company’s stock valued at $700,000 after acquiring an additional 1,455 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in EOG Resources in the 3rd quarter valued at $1,041,000. Capital Performance Advisors LLP acquired a new stake in shares of EOG Resources in the 3rd quarter worth $31,000. AIA Group Ltd purchased a new stake in shares of EOG Resources in the third quarter valued at about $331,000. Finally, Lifestyle Asset Management Inc. increased its position in EOG Resources by 3.7% during the 3rd quarter. Lifestyle Asset Management Inc. now owns 7,706 shares of the energy exploration company’s stock worth $947,000 after purchasing an additional 274 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EOG. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Sanford C. Bernstein lowered their price target on EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. KeyCorp lowered their target price on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Morgan Stanley reduced their price objective on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Finally, Barclays decreased their target price on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Fourteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $141.20.

EOG Resources Stock Down 0.2 %

EOG traded down $0.28 on Friday, hitting $121.68. 647,845 shares of the company were exchanged, compared to its average volume of 3,131,572. The firm has a 50-day moving average price of $125.58 and a two-hundred day moving average price of $126.38. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The company has a market cap of $69.19 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 3.17 and a beta of 1.28. EOG Resources has a twelve month low of $108.94 and a twelve month high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. During the same period in the previous year, the company earned $2.49 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts predict that EOG Resources will post 11.59 earnings per share for the current year.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.