EOG Resources, Inc. (NYSE:EOG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of EOG Resources, Inc. (NYSE:EOG) have received an average rating of “Moderate Buy” from the thirty research firms that are covering the firm, MarketBeat.com reports. Fifteen analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $156.3929.

EOG has been the subject of a number of research analyst reports. Scotiabank increased their target price on EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group increased their target price on EOG Resources from $135.00 to $139.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Mizuho set a $157.00 target price on EOG Resources and gave the company a “neutral” rating in a report on Wednesday. Susquehanna increased their target price on EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings upgraded EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th.

Insiders Place Their Bets

In related news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,230 shares of company stock valued at $2,272,568 in the last 90 days. Corporate insiders own 0.14% of the company’s stock.

Institutional Trading of EOG Resources

Several hedge funds and other institutional investors have recently modified their holdings of the company. Glenmede Trust Co. NA raised its holdings in shares of EOG Resources by 3.8% during the first quarter. Glenmede Trust Co. NA now owns 13,294 shares of the energy exploration company’s stock worth $1,922,000 after acquiring an additional 491 shares in the last quarter. Summit Financial Wealth Advisors LLC raised its holdings in shares of EOG Resources by 9.0% during the first quarter. Summit Financial Wealth Advisors LLC now owns 2,382 shares of the energy exploration company’s stock worth $344,000 after acquiring an additional 197 shares in the last quarter. Summitry LLC raised its holdings in shares of EOG Resources by 1.5% during the first quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock worth $699,000 after acquiring an additional 73 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of EOG Resources during the first quarter worth $4,474,000. Finally, Montchanin Asset Management LLC purchased a new stake in shares of EOG Resources during the first quarter worth $369,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

EOG opened at $134.30 on Thursday. The stock has a fifty day moving average of $138.12 and a 200-day moving average of $121.47. The firm has a market capitalization of $71.53 billion, a P/E ratio of 13.22 and a beta of 0.27. EOG Resources has a 12-month low of $101.59 and a 12-month high of $151.87. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.87 earnings per share. Equities analysts forecast that EOG Resources will post 15.67 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. EOG Resources’s dividend payout ratio is presently 40.16%.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.