EOG Resources Inc’s Trend Up, Especially After This Options Activity

 EOG Resources Inc's Trend Up, Especially After This Options Activity

In today’s session EOG Resources Inc (EOG) registered an unusually high (1,005) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious EOG increase. With 1,005 contracts traded and 1204 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: EOG161118C00096000 closed last at: $1.76 or 114.6% up. About 654,854 shares traded hands. EOG Resources Inc (NYSE:EOG) has risen 30.14% since April 5, 2016 and is uptrending. It has outperformed by 28.18% the S&P500.

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. $112 is the highest target while $61 is the lowest. The $93.16 average target is 0.64% above today’s ($92.57) stock price. EOG Resources has been the topic of 52 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Friday, March 18 by RBC Capital Markets. CLSA upgraded it to “Underperform” rating and $83 target price in Monday, August 10 report. The firm earned “Underperform” rating on Wednesday, September 7 by CLSA. The firm earned “Neutral” rating on Monday, September 14 by Citigroup. The rating was maintained by Barclays Capital on Thursday, July 14 with “Overweight”. The rating was upgraded by Canaccord Genuity to “Buy” on Monday, May 9. Susquehanna downgraded EOG Resources Inc (NYSE:EOG) on Wednesday, May 11 to “Neutral” rating. The firm has “Hold” rating by Johnson Rice given on Thursday, May 19. The company was downgraded on Tuesday, September 8 by Credit Suisse. The rating was maintained by Jefferies on Wednesday, September 7 with “Hold”.

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 fall, 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.
The Illinois-based Prudential Public Limited Company has invested 0% in EOG Resources Inc (NYSE:EOG). Tcw Group reported 69,500 shares or 0.04% of all its holdings. Moreover, Crestpoint Mngmt Llc has 0.35% invested in EOG Resources Inc (NYSE:EOG) for 7,800 shares. Diamond Hill Cap Inc reported 1.49 million shares or 0.79% of all its holdings. Samsung Asset Management (New York) Inc owns 27,580 shares or 1.78% of their US portfolio. Commonwealth Of Pennsylvania School Empls Retrmt accumulated 75,242 shares or 0.12% of the stock. Bamco Incorporated Ny accumulated 24,568 shares or 0.01% of the stock. The New York-based Blackrock Incorporated has invested 0.18% in EOG Resources Inc (NYSE:EOG). Moreover, Adirondack Trust Com has 0.02% invested in EOG Resources Inc (NYSE:EOG) for 375 shares. Huntington Bank & Trust accumulated 14,789 shares or 0.03% of the stock. The California-based Symphony Asset Mngmt Limited Liability Corp has invested 0.23% in EOG Resources Inc (NYSE:EOG). The Maryland-based Adams Natural Res Fund Inc has invested 4.23% in EOG Resources Inc (NYSE:EOG). Parkside Natl Bank And Tru, a Missouri-based fund reported 270 shares. Sandy Spring Financial Bank has invested 0.01% of its portfolio in EOG Resources Inc (NYSE:EOG). Security National Trust Com has 0.21% invested in the company for 6,870 shares.

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 12 sales for $5.37 million net activity. $1.54M worth of EOG Resources Inc (NYSE:EOG) was sold by Thomas William R.. Shares for $771,043 were sold by Donaldson Michael P on Tuesday, September 20. Janssen Ann D. sold $70,596 worth of EOG Resources Inc (NYSE:EOG) on Thursday, June 9. On Friday, July 8 Helms Lloyd W Jr sold $398,891 worth of the stock or 4,875 shares. WISNER FRANK G sold $261,526 worth of stock or 3,108 shares. 4,600 shares were sold by Trice David W, worth $446,591 on Thursday, September 29. DRIGGERS TIMOTHY K sold $818,788 worth of EOG Resources Inc (NYSE:EOG) on Wednesday, September 21.

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 $51.27 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 news for EOG Resources Inc (NYSE:EOG) were recently published by: Nasdaq.com, which released: “Earnings Reaction History: EOG Resources, Inc., 75.0% Follow-Through Indicator …” on November 04, 2016. Seekingalpha.com‘s article titled: “Snapshot Of EOG Resources As Earnings Season Underway” and published on October 27, 2016 is yet another important article.

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