EOG Resources, Inc. (NYSE:EOG) Short Interest Up 9.3% in April

EOG Resources, Inc. (NYSE:EOG) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 10,560,000 shares, a growth of 9.3% from the March 31st total of 9,660,000 shares. Based on an average daily volume of 3,460,000 shares, the short-interest ratio is currently 3.1 days. Currently, 1.8% of the shares of the stock are short sold.

EOG Resources Stock Down 1.6 %

Shares of NYSE:EOG opened at $129.95 on Thursday. The firm has a market cap of $74.75 billion, a P/E ratio of 9.99 and a beta of 1.40. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. EOG Resources has a 12-month low of $106.32 and a 12-month high of $139.67. The business has a fifty day simple moving average of $126.80 and a 200 day simple moving average of $122.53.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the prior year, the business earned $3.30 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. Analysts predict that EOG Resources will post 12.32 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.80%. EOG Resources’s payout ratio is currently 27.98%.

Institutional Trading of EOG Resources

Large investors have recently bought and sold shares of the business. Capital World Investors grew its stake in shares of EOG Resources by 59.2% in the 4th quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after buying an additional 9,455,621 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of EOG Resources by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company’s stock valued at $1,639,903,000 after buying an additional 145,691 shares during the period. Ameriprise Financial Inc. grew its stake in shares of EOG Resources by 8.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock valued at $1,462,966,000 after buying an additional 892,951 shares during the period. Morgan Stanley grew its stake in shares of EOG Resources by 1.5% in the 3rd quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock valued at $987,432,000 after buying an additional 116,860 shares during the period. Finally, Northern Trust Corp grew its stake in shares of EOG Resources by 3.1% in the 3rd quarter. Northern Trust Corp now owns 6,260,706 shares of the energy exploration company’s stock valued at $793,607,000 after buying an additional 185,882 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Royal Bank of Canada restated a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a research note on Tuesday, April 9th. TD Securities cut their target price on EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Raymond James cut their target price on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $142.27.

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.