Short Interest in EOG Resources, Inc. (NYSE:EOG) Decreases By 8.4%

EOG Resources, Inc. (NYSE:EOG - Get Free Report) was the recipient of a significant decline in short interest in May. As of May 31st, there was short interest totalling 8,620,000 shares, a decline of 8.4% from the May 15th total of 9,410,000 shares. Based on an average daily volume of 3,320,000 shares, the short-interest ratio is presently 2.6 days. Currently, 1.5% of the company's stock are short sold.

EOG Resources Price Performance

EOG traded up $0.42 on Wednesday, hitting $119.50. 2,032,355 shares of the company were exchanged, compared to its average volume of 2,988,525. The business's fifty day moving average is $127.58 and its 200 day moving average is $122.20. EOG Resources has a fifty-two week low of $106.34 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The firm has a market capitalization of $68.68 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.70 by $0.12. The business had revenue of $6.12 billion for the quarter, compared to analysts' expectations of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company's revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.69 EPS. As a group, sell-side analysts anticipate that EOG Resources will post 12.07 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 3.05%. EOG Resources's dividend payout ratio is presently 28.75%.

Insider Buying and Selling

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the sale, the chief executive officer now directly owns 150,474 shares of the company's stock, valued at approximately $19,457,792.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the transaction, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 2,685 shares of the business's stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the sale, the executive vice president now owns 109,040 shares of the company's stock, valued at approximately $14,206,821.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,512 shares of company stock worth $2,144,972. Corporate insiders own 0.20% of the company's stock.

Institutional Investors Weigh In On EOG Resources

A number of large investors have recently added to or reduced their stakes in the business. American Trust grew its position in shares of EOG Resources by 35.9% in the first quarter. American Trust now owns 36,543 shares of the energy exploration company's stock valued at $4,672,000 after purchasing an additional 9,647 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in EOG Resources by 11.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,279,954 shares of the energy exploration company's stock valued at $160,935,000 after buying an additional 127,615 shares during the last quarter. Motiv8 Investments LLC increased its position in EOG Resources by 29.9% during the first quarter. Motiv8 Investments LLC now owns 4,643 shares of the energy exploration company's stock worth $594,000 after buying an additional 1,070 shares in the last quarter. Cetera Advisors LLC increased its position in EOG Resources by 79.8% during the first quarter. Cetera Advisors LLC now owns 26,492 shares of the energy exploration company's stock worth $3,387,000 after buying an additional 11,761 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of EOG Resources by 218.2% in the first quarter. Cetera Investment Advisers now owns 100,558 shares of the energy exploration company's stock worth $12,855,000 after acquiring an additional 68,953 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EOG. Barclays assumed coverage on EOG Resources in a research report on Wednesday, April 10th. They set an "equal weight" rating and a $144.00 target price on the stock. Citigroup boosted their price objective on EOG Resources from $124.00 to $130.00 and gave the company a "neutral" rating in a research note on Friday, May 24th. StockNews.com upgraded shares of EOG Resources from a "hold" rating to a "buy" rating in a research report on Thursday, May 9th. Morgan Stanley upped their price target on shares of EOG Resources from $132.00 to $133.00 and gave the company an "equal weight" rating in a research report on Monday, April 15th. Finally, TD Securities lowered their price objective on shares of EOG Resources from $135.00 to $130.00 and set a "hold" rating on the stock in a research report on Friday, February 23rd. 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 company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $143.19.

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.