EOG Resources Inc (NYSE:EOG) – Investment analysts at US Capital Advisors issued their FY2020 earnings per share (EPS) estimates for shares of EOG Resources in a report issued on Friday. US Capital Advisors analyst C. Horwitz expects that the energy exploration company will post earnings of $5.58 per share for the year.
Other analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. BMO Capital Markets restated a “buy” rating and set a $120.00 price objective on shares of EOG Resources in a research note on Thursday, January 11th. Stifel Nicolaus set a $134.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research note on Sunday, February 11th. Robert W. Baird decreased their price objective on shares of EOG Resources from $115.00 to $114.00 and set an “outperform” rating for the company in a research note on Monday, December 18th. Finally, Barclays lifted their price objective on shares of EOG Resources from $117.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, November 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. EOG Resources has a consensus rating of “Buy” and an average price target of $118.88.
Shares of EOG Resources (EOG) traded down $0.26 during midday trading on Monday, reaching $99.79. 1,310,740 shares of the company’s stock traded hands, compared to its average volume of 3,290,445. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.20. EOG Resources has a twelve month low of $81.99 and a twelve month high of $119.00. The firm has a market cap of $58,110.00, a PE ratio of -31.96, a price-to-earnings-growth ratio of 3.20 and a beta of 1.09.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, February 27th. The energy exploration company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.39 by $0.30. EOG Resources had a net margin of 23.04% and a return on equity of 4.47%. The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.03 billion.
The company 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 represents a $0.74 annualized dividend and a dividend yield of 0.74%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, April 13th. EOG Resources’s payout ratio is -21.34%.
In related news, EVP Michael P. Donaldson sold 1,741 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $106.00, for a total value of $184,546.00. Following the completion of the sale, the executive vice president now owns 75,118 shares of the company’s stock, valued at approximately $7,962,508. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 15,322 shares of the business’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $114.26, for a total transaction of $1,750,691.72. Following the completion of the sale, the executive vice president now directly 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. Over the last ninety days, insiders have sold 69,934 shares of company stock valued at $7,820,085. Insiders own 0.53% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its holdings in EOG Resources by 0.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 424,468 shares of the energy exploration company’s stock worth $41,063,000 after acquiring an additional 1,957 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in EOG Resources by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,245,132 shares of the energy exploration company’s stock worth $120,454,000 after acquiring an additional 49,303 shares in the last quarter. Toronto Dominion Bank increased its holdings in EOG Resources by 4.1% in the 4th quarter. Toronto Dominion Bank now owns 251,719 shares of the energy exploration company’s stock worth $27,162,000 after acquiring an additional 9,840 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in EOG Resources by 14.2% in the 3rd quarter. Artisan Partners Limited Partnership now owns 462,688 shares of the energy exploration company’s stock worth $44,760,000 after acquiring an additional 57,441 shares in the last quarter. Finally, Southport Management L.L.C. purchased a new stake in EOG Resources in the 3rd quarter worth $967,000. 85.69% of the stock is owned by institutional investors.
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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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