EOG Resources, Inc. (NYSE:EOG) has earned an average recommendation of “Buy” from the thirty-three ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $108.68.
Several analysts have recently commented on the stock. Barclays PLC reissued an “overweight” rating and set a $101.00 price target (up from $94.00) on shares of EOG Resources in a research note on Wednesday, August 9th. Scotiabank reissued a “hold” rating and set a $100.00 price target on shares of EOG Resources in a research note on Thursday, August 3rd. BidaskClub raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. BMO Capital Markets set a $105.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $111.00 price target on shares of EOG Resources in a research note on Friday, July 14th.
Shares of EOG Resources (EOG) traded up 1.60% during midday trading on Friday, reaching $98.47. The company had a trading volume of 2,911,191 shares. The company’s market capitalization is $56.86 billion. The firm’s 50 day moving average price is $95.20 and its 200-day moving average price is $91.70. EOG Resources has a 12 month low of $81.99 and a 12 month high of $109.37.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the company earned ($0.38) earnings per share. EOG Resources’s revenue for the quarter was up 47.1% compared to the same quarter last year. Analysts anticipate that EOG Resources will post $0.65 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be issued a dividend of $0.1675 per share. The ex-dividend date is Monday, October 16th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.68%. EOG Resources’s payout ratio is -131.37%.
In related news, Director Charles R. Crisp sold 3,411 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $97.03, for a total value of $330,969.33. Following the completion of the transaction, the director now owns 53,196 shares of the company’s stock, valued at $5,161,607.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 6,167 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $97.50, for a total transaction of $601,282.50. Following the completion of the transaction, the executive vice president now directly owns 74,316 shares of the company’s stock, valued at approximately $7,245,810. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,578 shares of company stock worth $3,700,882. 0.53% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC grew its position in EOG Resources by 4.1% in the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock valued at $101,000 after purchasing an additional 41 shares in the last quarter. Baker Ellis Asset Management LLC bought a new position in EOG Resources in the third quarter valued at $101,000. Chicago Partners Investment Group LLC grew its position in EOG Resources by 60.0% in the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock valued at $104,000 after purchasing an additional 401 shares in the last quarter. Winfield Associates Inc. grew its position in EOG Resources by 1.7% in the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock valued at $103,000 after purchasing an additional 19 shares in the last quarter. Finally, Exane Derivatives grew its position in EOG Resources by 19.8% in the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock valued at $105,000 after purchasing an additional 192 shares in the last quarter. 85.38% of the stock is owned by institutional investors and hedge funds.
About EOG Resources
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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