Shares of EOG Resources Inc (NYSE:EOG) have received an average recommendation of “Buy” from the twenty-eight analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $118.48.
Several equities research analysts recently issued reports on EOG shares. Royal Bank of Canada lifted their price objective on EOG Resources from $107.00 to $110.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 7th. Jefferies Group lifted their price objective on EOG Resources from $95.00 to $99.00 and gave the stock a “hold” rating in a report on Tuesday, November 7th. Robert W. Baird set a $114.00 price objective on EOG Resources and gave the stock a “buy” rating in a report on Friday, November 17th. Barclays lifted their price objective on EOG Resources from $117.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $106.00 price objective on shares of EOG Resources in a report on Wednesday, November 22nd.
EOG Resources (NYSE:EOG) traded down $0.25 during mid-day trading on Friday, reaching $100.76. The company had a trading volume of 2,290,178 shares, compared to its average volume of 3,296,648. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. EOG Resources has a 12 month low of $81.99 and a 12 month high of $119.00. The firm has a market cap of $58,050.00, a PE ratio of -31.95, a price-to-earnings-growth ratio of 3.32 and a beta of 1.09.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.30. EOG Resources had a return on equity of 4.47% and a net margin of 23.04%. The company had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.03 billion. equities research analysts anticipate that EOG Resources will post 4.01 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be issued a dividend of $0.185 per share. This is a boost from EOG Resources’s previous quarterly dividend of $0.17. This represents a $0.74 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, April 13th. EOG Resources’s payout ratio is currently -21.34%.
In other news, EVP Michael P. Donaldson sold 1,741 shares of EOG Resources stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $106.00, for a total transaction of $184,546.00. Following the sale, the executive vice president now owns 75,118 shares of the company’s stock, valued at approximately $7,962,508. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Timothy K. Driggers sold 8,871 shares of EOG Resources stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $105.45, for a total transaction of $935,446.95. Following the sale, the chief financial officer now directly owns 185,157 shares in the company, valued at approximately $19,524,805.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,934 shares of company stock worth $7,820,085. Corporate insiders own 0.53% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC raised its position in shares of EOG Resources by 178.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after buying an additional 712 shares during the period. Banco de Sabadell S.A purchased a new stake in shares of EOG Resources during the 4th quarter valued at approximately $109,000. Clearbridge Investments LLC raised its position in shares of EOG Resources by 106.6% during the 4th quarter. Clearbridge Investments LLC now owns 1,101 shares of the energy exploration company’s stock valued at $119,000 after buying an additional 568 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in shares of EOG Resources during the 4th quarter valued at approximately $123,000. Finally, Cerebellum GP LLC purchased a new stake in shares of EOG Resources during the 4th quarter valued at approximately $125,000. 84.74% of the stock is currently owned by hedge funds and other institutional investors.
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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