Traders Buy High Volume of EOG Resources Call Options (NYSE:EOG)


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EOG Resources, Inc. (NYSE:EOG) saw unusually large options trading activity on Wednesday. Stock investors purchased 48,548 call options on the company. This represents an increase of approximately 1,277% compared to the average daily volume of 3,525 call options.

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group downgraded shares of EOG Resources from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, December 15th. Bank of America upgraded shares of EOG Resources from a “neutral” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Friday, November 6th. Royal Bank of Canada reduced their price objective on shares of EOG Resources from $69.00 to $63.00 in a research report on Friday, October 16th. ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, November 2nd. Finally, KeyCorp reduced their price objective on shares of EOG Resources from $75.00 to $65.00 and set an “overweight” rating for the company in a research report on Tuesday, October 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $62.75.

Shares of NYSE EOG opened at $60.28 on Thursday. The firm has a market capitalization of $35.17 billion, a P/E ratio of -115.31, a PEG ratio of 6.12 and a beta of 2.11. EOG Resources has a one year low of $27.00 and a one year high of $88.09. The company’s fifty day moving average is $52.39 and its two-hundred day moving average is $45.23. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.47 and a current ratio of 1.69.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 5th. The energy exploration company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.18 by $0.25. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.50 billion. EOG Resources had a negative net margin of 2.47% and a positive return on equity of 5.86%. The business’s revenue was down 47.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 EPS. On average, sell-side analysts forecast that EOG Resources will post 1.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, January 14th. This represents a $1.50 annualized dividend and a dividend yield of 2.49%. EOG Resources’s payout ratio is currently 30.12%.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bremer Bank National Association boosted its position in shares of EOG Resources by 1.2% during the 4th quarter. Bremer Bank National Association now owns 17,860 shares of the energy exploration company’s stock worth $891,000 after purchasing an additional 209 shares in the last quarter. Cetera Advisor Networks LLC boosted its position in shares of EOG Resources by 2.5% in the 3rd quarter. Cetera Advisor Networks LLC now owns 11,374 shares of the energy exploration company’s stock worth $409,000 after buying an additional 272 shares in the last quarter. O Brien Greene & Co. Inc boosted its position in shares of EOG Resources by 1.2% in the 3rd quarter. O Brien Greene & Co. Inc now owns 30,688 shares of the energy exploration company’s stock worth $1,103,000 after buying an additional 350 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of EOG Resources by 1.2% in the 3rd quarter. Private Advisor Group LLC now owns 29,415 shares of the energy exploration company’s stock worth $1,342,000 after buying an additional 359 shares in the last quarter. Finally, Aptus Capital Advisors LLC boosted its position in shares of EOG Resources by 3.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 13,990 shares of the energy exploration company’s stock worth $502,000 after buying an additional 411 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. The company's principal producing areas are located in New Mexico, North Dakota, Texas, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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