Shares of EOG Resources (NYSE:EOG) Sees Large Outflow of Money

EOG Resources (NYSE:EOG) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (11.72 million) in EOG Resources (NYSE:EOG). On Wednesday, The value of composite uptick trades was $43.21 million, whereas, the value of composite downtick trades was $54.93 million and the ratio between the two was 0.79, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $18.76 million. $5 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.27. The negative money flow of ($13.76 million) shows selling on strength. EOG Resources (NYSE:EOG) gained $1.69 intraday at $83.44 and registrered 2.07% for the week.


In an insider trading activity, Janssen Ann D., officer (VP, Accounting) of Eog Resources Inc, unloaded 831 shares at an average price of $84.95 on June 9, 2016. The total amount of the transaction was worth $70,593, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. 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 -8.74% . Institutional Investors own 92.22% of EOG Resources shares. During last six month period, the net percent change held by insiders has seen a change of -6.44%.

The company shares have dropped -4.69% from its 1 Year high price. On Nov 3, 2015, the shares registered one year high at $89.52 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $81.70 and the 200 Day Moving Average price is recorded at $74.42. EOG Resources (NYSE:EOG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $82.80 and $82.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $84.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $83.44, notching a gain of 2.07% for the day. The total traded volume was 2,870,274 . The stock had closed at $81.75 on the previous day.

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.

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