Shares of EOG Resources Inc. (NYSE:EOG) have earned an average recommendation of “Hold” from the thirty-two research firms that are covering the firm. Three equities research analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $91.50.
Several equities research analysts recently issued reports on EOG shares. Barclays PLC reiterated an “overweight” rating on shares of EOG Resources in a research note on Friday, September 30th. FBR & Co started coverage on EOG Resources in a research note on Tuesday, September 13th. They issued an “outperform” rating and a $108.00 price target for the company. Simmons reiterated an “overweight” rating and issued a $109.00 price target (up from $103.00) on shares of EOG Resources in a research note on Friday, September 9th. Credit Agricole SA boosted their price target on EOG Resources from $93.00 to $98.00 and gave the company an “underperform” rating in a research note on Wednesday, September 7th. Finally, RBC Capital Markets reiterated a “sector perform” rating and issued a $98.00 price target (up from $95.00) on shares of EOG Resources in a research note on Wednesday, September 7th.
Shares of EOG Resources (NYSE:EOG) opened at 95.14 on Friday. The firm’s market capitalization is $52.39 billion. EOG Resources has a 1-year low of $57.15 and a 1-year high of $97.20. The stock has a 50 day moving average price of $91.62 and a 200 day moving average price of $83.58.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.10. The business earned $1.78 billion during the quarter, compared to analysts’ expectations of $1.57 billion. EOG Resources had a negative return on equity of 6.32% and a negative net margin of 72.18%. The firm’s revenue for the quarter was down 28.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 earnings per share. Equities research analysts anticipate that EOG Resources will post ($1.67) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be issued a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, October 13th. EOG Resources’s dividend payout ratio is currently -7.14%.
In other EOG Resources news, EVP David W. Trice sold 4,600 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $97.08, for a total transaction of $446,568.00. Following the completion of the sale, the executive vice president now directly owns 62,050 shares of the company’s stock, valued at approximately $6,023,814. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ann D. Janssen sold 1,064 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $96.73, for a total value of $102,920.72. Following the sale, the vice president now directly owns 56,473 shares of the company’s stock, valued at $5,462,633.29. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.
A number of hedge funds have recently modified their holdings of EOG. Cullinan Associates Inc. raised its stake in shares of EOG Resources by 43.7% in the third quarter. Cullinan Associates Inc. now owns 12,660 shares of the energy exploration company’s stock worth $1,224,000 after buying an additional 3,850 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of EOG Resources by 6.8% in the second quarter. Macquarie Group Ltd. now owns 247,483 shares of the energy exploration company’s stock worth $20,646,000 after buying an additional 15,661 shares in the last quarter. Carnick & Kubik Group LLC bought a new stake in shares of EOG Resources during the second quarter worth approximately $902,000. Williams Jones & Associates LLC raised its stake in shares of EOG Resources by 4.3% in the second quarter. Williams Jones & Associates LLC now owns 454,336 shares of the energy exploration company’s stock worth $37,901,000 after buying an additional 18,876 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of EOG Resources during the second quarter worth approximately $1,854,000. 89.44% of the stock is owned by hedge funds and other institutional investors.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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