EOG Resources Inc Stock Was Sold By Options Traders

 EOG Resources Inc Stock Was Sold By Options Traders

In today’s session EOG Resources Inc (EOG) recorded an unusually high (430) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious EOG decrease. With 430 contracts traded and 14294 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: EOG161021P00092500 closed last at: $0.61 or 19.6% up. About 1.46 million shares traded hands. EOG Resources Inc (NYSE:EOG) has risen 26.34% since March 14, 2016 and is uptrending. It has outperformed by 20.73% the S&P500.

Analysts await EOG Resources Inc (NYSE:EOG) to report earnings on November, 3. They expect $-0.23 earnings per share, down 1,250.00% or $0.25 from last year’s $0.02 per share. After $-0.38 actual earnings per share reported by EOG Resources Inc for the previous quarter, Wall Street now forecasts -39.47% EPS growth.

EOG Resources Inc (NYSE:EOG) Ratings Coverage

Out of 24 analysts covering EOG Resources (NYSE:EOG), 13 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 54% are positive. EOG Resources has been the topic of 52 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Monday, November 9 by Raymond James. Citigroup maintained the stock with “Buy” rating in Friday, August 5 report. GMP Securities initiated EOG Resources Inc (NYSE:EOG) rating on Wednesday, February 3. GMP Securities has “Buy” rating and $83 price target. The rating was downgraded by Credit Suisse on Tuesday, September 8 to “Neutral”. FBR Capital initiated the stock with “Outperform” rating in Tuesday, September 13 report. CLSA upgraded the shares of EOG in a report on Monday, August 10 to “Underperform” rating. The rating was maintained by Barclays Capital with “Overweight” on Monday, November 9. The firm earned “Underperform” rating on Wednesday, September 7 by CLSA. The firm earned “Sector Perform” rating on Wednesday, September 7 by RBC Capital Markets. Citigroup maintained the stock with “Buy” rating in Thursday, September 22 report.

According to Zacks Investment Research, “EOG Resources, Inc. is engaged, either directly or through a marketing subsidiary with regard to domestic operations or through various subsidiaries with regard to international operations, in the exploration for, and the development, production and marketing of, natural gas and crude oil primarily in major producing basins in the United States, as well as in Canada and Trinidad. The company’s business strategy is to maximize the rate of return on investment of capital by controlling all operating and capital costs.”

Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.11, from 1 in 2016Q1. The ratio dived, as 66 funds sold all EOG Resources Inc shares owned while 316 reduced positions. 71 funds bought stakes while 268 increased positions. They now own 484.89 million shares or 3.64% less from 503.18 million shares in 2016Q1.
Alleghany Corp De has 2.19% invested in the company for 683,406 shares. Moreover, Texas Yale has 0.06% invested in EOG Resources Inc (NYSE:EOG) for 7,800 shares. Madison Inv Hldg, a Wisconsin-based fund reported 35,595 shares. Tortoise Investment Limited holds 1,200 shares or 0.03% of its portfolio. Henderson Grp Plc last reported 152,872 shares in the company. Mutual Of America Cap Management Limited Liability reported 63,996 shares or 0.11% of all its holdings. The Japan-based Mitsubishi Ufj Tru has invested 0.33% in EOG Resources Inc (NYSE:EOG). Of Vermont has 6,679 shares for 0.07% of their US portfolio. Investec Asset Mngmt North America last reported 2.36% of its portfolio in the stock. Amf Pensionsforsakring accumulated 0.82% or 759,693 shares. Rothschild Inv Il last reported 3,325 shares in the company. Apg Asset Management Nv holds 0.15% or 980,900 shares in its portfolio. Fukoku Mutual Life Insurance has 2,200 shares for 0.04% of their US portfolio. Cleararc Capital Incorporated last reported 13,727 shares in the company. Livforsakringsbolaget Skandia Omsesidigt holds 48,130 shares or 0.18% of its portfolio.

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 12 insider sales for $5.37 million net activity. On Thursday, September 29 the insider Trice David W sold $446,591. Another trade for 8,473 shares valued at $771,043 was made by Donaldson Michael P on Tuesday, September 20. 831 shares with value of $70,596 were sold by Janssen Ann D. on Thursday, June 9. $818,788 worth of EOG Resources Inc (NYSE:EOG) was sold by DRIGGERS TIMOTHY K. WISNER FRANK G sold 3,108 shares worth $261,526. $398,891 worth of EOG Resources Inc (NYSE:EOG) shares were sold by Helms Lloyd W Jr. On Wednesday, September 21 the insider Thomas William R. sold $1.54M.

EOG Resources, Inc. explores for, develops, produces and markets natural gas and crude oil primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas. The company has a market cap of $51.06 billion. The Company’s activities are all natural gas and crude oil exploration and production related. It currently has negative earnings. EOG’s total estimated net proved reserves include approximately 2,118 million barrels of oil equivalent (MMBoe), of which over 1,098 million barrels (MMBbl) is crude oil and condensate reserves, approximately 383 MMBbl include natural gas liquids (NGLs) reserves and over 3,825 billion cubic feet, or 637 MMBoe, includes natural gas reserves.

EOG Company Profile

EOG Resources, Inc. (EOG), incorporated on June 12, 1985, explores for, develops, produces and markets natural gas and crude oil primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas. The Company’s activities are all natural gas and crude oil exploration and production related. EOG’s total estimated net proved reserves include approximately 2,118 million barrels of oil equivalent (MMBoe), of which over 1,098 million barrels (MMBbl) is crude oil and condensate reserves, approximately 383 MMBbl include natural gas liquids (NGLs) reserves and over 3,825 billion cubic feet, or 637 MMBoe, includes natural gas reserves.

More notable recent EOG Resources Inc (NYSE:EOG) news were published by: Seekingalpha.com which released: “EOG Resources’ Premium Locations, Minimum Returns And Profitable Future” on October 17, 2016, also Fool.com with their article: “A Strong Case for Buying EOG Resources Inc.” published on September 22, 2016, Fool.com published: “EOG Resources, Inc. Might Have Made the M&A Deal of the Year” on September 27, 2016. More interesting news about EOG Resources Inc (NYSE:EOG) were released by: Nasdaq.com and their article: “EOG Resources, Inc. (EOG) Ex-Dividend Date Scheduled for October 13, 2016” published on October 12, 2016 as well as Seekingalpha.com‘s news article titled: “EOG Resources Should Go Above $100” with publication date: October 09, 2016.

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