BMO Capital Markets set a $105.00 target price on EOG Resources, Inc. (NYSE:EOG) in a research report report published on Tuesday morning. The brokerage currently has a buy rating on the energy exploration company’s stock.
Other analysts have also issued research reports about the stock. Scotiabank set a $100.00 price objective on shares of EOG Resources and gave the company a hold rating in a research note on Saturday, July 1st. Jefferies Group LLC reiterated a hold rating and issued a $101.00 price objective on shares of EOG Resources in a research note on Wednesday, August 16th. Stifel Nicolaus reiterated a buy rating and issued a $111.00 price objective on shares of EOG Resources in a research note on Friday, July 14th. FBR & Co lowered their price objective on shares of EOG Resources from $122.00 to $108.00 and set an outperform rating for the company in a research note on Monday, June 26th. Finally, Sanford C. Bernstein reiterated an outperform rating on shares of EOG Resources in a research note on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the company’s stock. EOG Resources has a consensus rating of Buy and an average price target of $108.28.
Shares of EOG Resources (EOG) traded up 0.18% during midday trading on Tuesday, reaching $96.82. 682,631 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $91.83 and a 200-day moving average price of $91.71. The stock’s market cap is $55.91 billion. EOG Resources has a 52-week low of $81.99 and a 52-week high of $109.37.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business’s revenue was up 47.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.38) EPS. Analysts forecast that EOG Resources will post $0.62 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be issued a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, October 16th. EOG Resources’s dividend payout ratio (DPR) is currently -131.37%.
In other EOG Resources news, insider Gary L. Thomas sold 25,000 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the sale, the insider now directly owns 1,067,465 shares of the company’s stock, valued at $103,149,142.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $88.22, for a total transaction of $352,880.00. Following the sale, the executive vice president now directly owns 70,987 shares in the company, valued at $6,262,473.14. The disclosure for this sale can be found here. Insiders sold a total of 38,578 shares of company stock worth $3,700,882 over the last three months. 0.53% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amarillo National Bank purchased a new stake in EOG Resources during the third quarter valued at about $642,000. Intl Fcstone Inc. purchased a new stake in EOG Resources during the second quarter valued at about $797,000. Lord Abbett & CO. LLC lifted its holdings in EOG Resources by 11.6% during the second quarter. Lord Abbett & CO. LLC now owns 759,077 shares of the energy exploration company’s stock valued at $68,712,000 after purchasing an additional 78,934 shares during the last quarter. Sentry Investment Management LLC lifted its holdings in EOG Resources by 104.4% during the second quarter. Sentry Investment Management LLC now owns 45,835 shares of the energy exploration company’s stock valued at $4,149,000 after purchasing an additional 23,407 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in EOG Resources by 25.3% during the second quarter. Toronto Dominion Bank now owns 198,397 shares of the energy exploration company’s stock valued at $17,955,000 after purchasing an additional 40,054 shares during the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.
EOG Resources Company Profile
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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