Large Outflow of Money Witnessed in EOG Resources

EOG Resources (NYSE:EOG) surged 0.55% during the last session. The last traded price was up 0.45 points at $82.01. The data for the fund flow suggests that the net intraday money flow was $(-1.91) million. The fund value in upticks was recorded to be $3.69 million and in downticks, it was found to be $5.61 million. The up/down ratio for the day was measured to be 0.66. For the week, the shares have seen a percentage change of 2.88%.A block trade of $(-1.57) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0 million and that of downticks was $1.57 million. The block tradeoff had the up/down ratio of 0.


Currently the company Insiders own 0.52% of EOG Resources shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.44% . Institutional Investors own 92.21% of EOG Resources shares. During last six month period, the net percent change held by insiders has seen a change of -6.44%. On the companys insider trading activities, The officer (VP, Accounting), of Eog Resources Inc, Janssen Ann D. had unloaded 831 shares at $84.95 per share in a transaction on June 9, 2016. The total value of transaction was $70,593. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

EOG Resources (NYSE:EOG) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.17 points or 0.21% at $81.39 with 2,283,115 shares getting traded. Post opening the session at $80.99, the shares hit an intraday low of $80.51 and an intraday high of $83.0985 and the price was in this range throughout the day. The company has a market cap of $44,787 million and the number of outstanding shares have been calculated to be 550,276,520 shares. The 52-week high of EOG Resources (NYSE:EOG) is $91.15 and the 52-week low is $57.15.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Barclays maintains its rating on EOG Resources (NYSE:EOG).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Barclays raises the new price target from $80 per share to $83 per share. The rating by the firm was issued on May 24, 2016.

EOG Resources, Inc. (EOG), is engaged in the exploration, development, production and marketing of crude oil and natural gas. The Company operates in producing basins in the United States, Canada, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The Peoples Republic of China (China) and the Argentine Republic (Argentina), among others. As of December 31, 2014, EOGs total estimated net proved reserves were 2,497 million barrels of oil equivalent (MMBoe), of which 1,140 million barrels (MMBbl) are crude oil and condensate reserves, 467 MMBbl are natural gas liquids (NGLs) reserves and 5,343 billion cubic feet, or 890 MMBoe, are natural gas reserves. As of December 31, 2014, approximately 97% of the Companys net proved reserves, on a crude oil equivalent basis, are located in the United States and 3% in Trinidad. Its operations are focused in the basins in the United States, with a focus on crude oil.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.