EOG Resources (NYSE:EOG) was upgraded by analysts at TheStreet from a “c” rating to a “b” rating in a report released on Tuesday.
EOG has been the topic of several other reports. Zacks Investment Research raised EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a report on Monday, January 15th. Robert W. Baird lowered their price target on EOG Resources from $115.00 to $114.00 and set an “outperform” rating on the stock in a report on Monday, December 18th. Imperial Capital set a $145.00 price target on EOG Resources and gave the company an “outperform” rating in a report on Thursday. Barclays increased their price target on EOG Resources from $117.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, November 20th. Finally, Morgan Stanley lowered their price target on EOG Resources from $142.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $117.40.
EOG Resources (EOG) opened at $101.42 on Tuesday. The stock has a market capitalization of $61,879.38, a P/E ratio of 22.74, a P/E/G ratio of 3.30 and a beta of 1.01. EOG Resources has a 12-month low of $81.99 and a 12-month high of $119.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11.
In other EOG Resources news, President Gary L. Thomas sold 2,000 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $107.95, for a total value of $215,900.00. Following the completion of the sale, the president now owns 1,046,430 shares in the company, valued at approximately $112,962,118.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael P. Donaldson sold 15,322 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $114.26, for a total value of $1,750,691.72. Following the completion of the sale, the executive vice president now owns 59,917 shares of the company’s stock, valued at approximately $6,846,116.42. The disclosure for this sale can be found here. Insiders sold a total of 69,934 shares of company stock valued at $7,820,085 in the last quarter. 0.53% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of EOG. Nationwide Fund Advisors increased its stake in EOG Resources by 2.8% in the 3rd quarter. Nationwide Fund Advisors now owns 613,285 shares of the energy exploration company’s stock worth $59,329,000 after buying an additional 16,567 shares in the last quarter. First Quadrant L P CA increased its stake in EOG Resources by 18.8% in the 3rd quarter. First Quadrant L P CA now owns 3,798 shares of the energy exploration company’s stock worth $367,000 after buying an additional 600 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in EOG Resources by 9.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 58,765 shares of the energy exploration company’s stock worth $5,685,000 after buying an additional 4,922 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of EOG Resources during the third quarter valued at about $4,090,000. Finally, Westpac Banking Corp grew its position in shares of EOG Resources by 52.6% during the third quarter. Westpac Banking Corp now owns 85,147 shares of the energy exploration company’s stock valued at $8,237,000 after purchasing an additional 29,364 shares in the last quarter. Institutional investors and hedge funds own 84.55% of the company’s stock.
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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