EOG Resources (EOG) Now Covered by Wells Fargo & Co

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Wells Fargo & Co started coverage on shares of EOG Resources (NYSE:EOG) in a research note published on Monday, Briefing.com Automated Import reports. The brokerage issued an outperform rating and a $110.00 price objective on the energy exploration company’s stock.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird reaffirmed a buy rating and issued a $126.00 price objective on shares of EOG Resources in a research note on Wednesday, February 27th. Guggenheim reaffirmed a buy rating and issued a $126.00 price objective on shares of EOG Resources in a research note on Friday, February 22nd. JPMorgan Chase & Co. set a $116.00 target price on shares of EOG Resources and gave the stock a buy rating in a report on Friday, January 25th. Raymond James set a $124.00 target price on shares of EOG Resources and gave the stock a buy rating in a report on Wednesday, January 23rd. Finally, Argus set a $120.00 target price on shares of EOG Resources and gave the stock a buy rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $121.84.

EOG stock opened at $88.85 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.94. EOG Resources has a 1 year low of $82.04 and a 1 year high of $133.53. The firm has a market capitalization of $55.50 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 1.17 and a beta of 1.24.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.16. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the business earned $1.19 EPS. EOG Resources’s quarterly revenue was up 10.3% compared to the same quarter last year. Equities analysts forecast that EOG Resources will post 5.82 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a dividend of $0.2875 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $1.15 annualized dividend and a dividend yield of 1.29%. EOG Resources’s payout ratio is presently 15.88%.

In other news, Director Frank G. Wisner sold 1,296 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the transaction, the director now owns 120,052 shares in the company, valued at approximately $10,478,138.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Guidant Wealth Advisors boosted its position in shares of EOG Resources by 50.5% during the 1st quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock valued at $29,000 after acquiring an additional 101 shares in the last quarter. Private Capital Group LLC boosted its position in shares of EOG Resources by 6.3% during the 4th quarter. Private Capital Group LLC now owns 1,869 shares of the energy exploration company’s stock valued at $163,000 after acquiring an additional 110 shares in the last quarter. Lincoln National Corp boosted its position in shares of EOG Resources by 4.5% during the 4th quarter. Lincoln National Corp now owns 2,566 shares of the energy exploration company’s stock valued at $224,000 after acquiring an additional 111 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in shares of EOG Resources by 76.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 113 shares in the last quarter. Finally, Icon Wealth Partners LLC boosted its position in shares of EOG Resources by 9.7% during the 1st quarter. Icon Wealth Partners LLC now owns 1,288 shares of the energy exploration company’s stock valued at $123,000 after acquiring an additional 114 shares in the last quarter. Institutional investors own 87.19% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Analyst Recommendations for EOG Resources (NYSE:EOG)

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