U.S. Markets close in 2 hrs 9 mins

Stocks That Fell to 3-Year Lows in the Week of Oct. 11

EOG Resources Inc. (NYSE:EOG), Canon Inc. (NYSE:CAJ), Viacom Inc. (NASDAQ:VIA) and Invesco Ltd. (NYSE:IVZ) have declined to their three-year lows.

EOG Resources declined to $69.25

The price of EOG Resources shares declined to $69.25 on Oct. 11, which is only 1.7% above the three-year low of $68.09.

EOG Resources is an American petroleum company that focuses on hydrocarbon exploration. The company is ranked 270th on the Fortune 500 and is a component of the S&P 500. As of Dec. 31, 2018, the company had 2.927 billion barrels of oil equivalent of estimated proven reserves. Of the reserves, 98% is in the U.S. and 2% is in Trinidad and Tobago.


EOG Resources has a market cap of $40.21 billion; its shares were traded around $69.25 with a price-earnings ratio of 11.26 and a price-sales ratio of 3.32. The trailing 12-month dividend yield is 1.38%. The forward dividend yield is 1.67%.

On Sept. 12, EOG Resources announced its board of directors has declared a quarterly dividend of 28.75 cents per share. The dividend is payable on Oct. 31 to stockholders of record at the close of business on Oct. 17.

Canon declined to $26.76

The price of Canon shares declined to $26.76 on Oct. 11, which is only 4.7% above the three-year low of $25.49.

Canon is a Japanese international corporation focusing on the manufacture of imaging and optical products. Some of the company's products include cameras, camcorders, photocopiers, steppers and computer printers. The company has a primary listing on the Tokyo Stock Exchange and a secondary listing on the New York Stock Exchange. The company is also a component of the TOPIX Core 30.

Canon has a market cap of $28.47 billion; its shares were traded around $26.76 with a price-earnings ratio of 16.95 and a price-sales ratio of 0.83. The trailing 12-month dividend yield is 5.51%. The forward dividend yield is 5.61%. Canon had an annual average earnings growth of 0.10% over the past 10 years.

On Oct. 9, Canon announced that the District Court Dusseldorf has granted a preliminary injunction against Venue Design & Consulting SRL-D as well as against its managing director. The injunction is based on the infringement of the German portion of Canon's European patent relating to a drum unit and a process cartridge.

Viacom declined to $25.38

The price of Viacom shares declined to $25.38 on Oct. 11, which is only 3.3% above the three-year low of $24.54.

Viacom is an international mass media conglomerate that has interests primarily in film and television. The company consists of Viacom Media Networks and Paramount Pictures. Through these two entities, the company operates 170 networks and reaches around 700 million subscribers in 160 countries. The company has a pending merger with CBS Corp.

Viacom has a market cap of $9.4 billion; its shares were traded around $25.38 with a price-earnings ratio of 5.67 and a price-sales ratio of 0.72. The trailing 12-month dividend yield is 3.16%. The forward dividend yield is 3.22%. Viacom had an annual average earnings growth of 6.60% over the past 10 years.

On Oct. 8, Viacom announced jointly with CBS that Doretha Lea has been named executive vice president of global public policy and government relations of ViacomCBS. The appointment will be effective upon the closing of the proposed merger between the two companies. Lea will oversee all government affairs and public policy work for the combined company both domestically and internationally.

Invesco declined to $15.84

The price of Invesco shares declined to $15.84 on Oct. 11, which is only 4.4% above the three-year low of $15.15.

Invesco is an independent investment management company that has branch offices in 20 countries. The company is a constituent of the S&P 500 and operates under the Invesco, Trimark, WL Ross and Powershares brand names.

Invesco has a market cap of $7.44 billion; its shares were traded around $15.84 with a price-earnings ratio of 10.85 and a price-sales ratio of 1.21. The trailing 12-month dividend yield is 7.70%. The forward dividend yield is 8.08%. Invesco had an annual average earnings growth of 9.40% over the past 10 years.

On Oct. 10, Invesco announced it has filed an application with the U.S. Securities and Exchange Commission requesting exemptive relief to build its own non-transparent active exchanged-traded fund model. The proposed model will retain an effective arbitrage mechanism, tax efficiency and intraday tradability.

Disclosure: I do not own stock in any of the companies mentioned in the article.

Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.

This article first appeared on GuruFocus.