EOG Resources, Inc. (NYSE:EOG) Short Interest Up 9.3% in April

EOG Resources, Inc. (NYSE:EOG - Get Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 10,560,000 shares, an increase of 9.3% from the March 31st total of 9,660,000 shares. Based on an average daily volume of 3,460,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 1.8% of the company's shares are short sold.

Hedge Funds Weigh In On EOG Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. bought a new position in shares of EOG Resources during the 3rd quarter valued at $4,431,000. TIAA Trust National Association lifted its position in EOG Resources by 639.3% during the fourth quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company's stock valued at $6,971,000 after purchasing an additional 49,840 shares in the last quarter. AIA Group Ltd lifted its position in EOG Resources by 128.0% during the fourth quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company's stock valued at $1,234,000 after purchasing an additional 5,728 shares in the last quarter. L. Roy Papp & Associates LLP lifted its position in EOG Resources by 18.3% during the fourth quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company's stock valued at $20,362,000 after purchasing an additional 26,026 shares in the last quarter. Finally, Yacktman Asset Management LP lifted its position in EOG Resources by 4.8% during the fourth quarter. Yacktman Asset Management LP now owns 1,789,433 shares of the energy exploration company's stock valued at $216,432,000 after purchasing an additional 82,302 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Down 3.0 %

Shares of EOG stock traded down $4.12 during midday trading on Tuesday, reaching $132.13. 3,422,812 shares of the stock were exchanged, compared to its average volume of 3,353,283. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. The firm has a market cap of $76.00 billion, a PE ratio of 10.35 and a beta of 1.40. The company's 50 day moving average is $126.15 and its two-hundred day moving average is $122.49. EOG Resources has a 1 year low of $106.32 and a 1 year high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The business's revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company posted $3.30 earnings per share. On average, equities research analysts predict that EOG Resources will post 12.3 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 annualized dividend and a dividend yield of 2.75%. EOG Resources's payout ratio is 27.98%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EOG. Citigroup boosted their target price on EOG Resources from $120.00 to $124.00 and gave the stock a "neutral" rating in a research report on Monday, March 18th. Susquehanna upped their price objective on EOG Resources from $147.00 to $155.00 and gave the stock a "positive" rating in a research note on Monday, April 22nd. TD Securities decreased their target price on EOG Resources from $135.00 to $130.00 and set a "hold" rating on the stock in a report on Friday, February 23rd. Barclays initiated coverage on EOG Resources in a report on Wednesday, April 10th. They issued an "equal weight" rating and a $144.00 price objective on the stock. Finally, Morgan Stanley upped their target price on EOG Resources from $132.00 to $133.00 and gave the company an "equal weight" rating in a research report on Monday, April 15th. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $142.27.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.