Large Inflow of Money Detected in EOG Resources

EOG Resources (EOG) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $7.18 million worth of transactions were on upticks, whereas, the downticks accounted for $5.51 million worth of transactions. The net money flow was a positive $1.67 million and the uptick to downtick ratio was 1.3. The net money flow into the stock was $1.75 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1.75 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. EOG Resources (EOG) was trading at $90.54, down $0.6 during day. The stock slid -0.66% over the previous days close. For the week, the stock recorded 0.4% over the previous weeks close.


Also, Wunderlich upgrades its view on EOG Resources (NYSE:EOG) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Hold. The rating by the firm was issued on August 8, 2016.

EOG Resources, Inc. has dropped 1.25% in the last five trading days, however, the shares have posted positive gains of 14.45% in the last 4 weeks. EOG Resources, Inc. is up 11.76% in the last 3-month period. Year-to-Date the stock performance stands at 28.11%.

EOG Resources (NYSE:EOG): The stock opened at $91.27 on Tuesday but the bulls could not build on the opening and the stock topped out at $91.69 for the day. The stock traded down to $89.64 during the day, due to lack of any buying support eventually closed down at $90.07 with a loss of -1.17% for the day. The stock had closed at $91.14 on the previous day. The total traded volume was 1,618,365 shares.

In a related news, The Securities and Exchange Commission has divulged that Helms Lloyd W Jr, officer (EVP, Exploration & Production) of Eog Resources Inc, had unloaded 4,875 shares at an average price of $81.83 in a transaction dated on July 8, 2016. The total value of the transaction was worth $398,921.

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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