EOG Resources Inc. (NYSE:EOG)‘s stock had its “hold” rating restated by research analysts at Jefferies Group in a research note issued to investors on Wednesday. They currently have a $88.00 target price on the energy exploration company’s stock. Jefferies Group’s price target suggests a potential downside of 5.51% from the stock’s current price.

Several other research analysts have also commented on the stock. Wunderlich increased their price target on shares of EOG Resources from $104.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, October 7th. Societe Generale lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Barclays PLC reaffirmed an “overweight” rating on shares of EOG Resources in a report on Friday, September 30th. Citigroup Inc. decreased their price objective on shares of EOG Resources from $104.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, September 22nd. Finally, FBR & Co set a $108.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a report on Monday, September 19th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $92.22.

Analyst Recommendations for EOG Resources (NYSE:EOG)

Shares of EOG Resources (NYSE:EOG) opened at 93.13 on Wednesday. The company’s market cap is $51.28 billion. The stock has a 50 day moving average of $93.02 and a 200 day moving average of $85.06. EOG Resources has a 52-week low of $57.15 and a 52-week high of $98.32.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, August 5th. The energy exploration company reported ($0.38) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.10. EOG Resources had a negative net margin of 72.18% and a negative return on equity of 6.32%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the business posted $0.28 EPS. EOG Resources’s quarterly revenue was down 28.1% on a year-over-year basis. On average, equities analysts anticipate that EOG Resources will post ($1.67) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be paid a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, October 13th. EOG Resources’s payout ratio is -7.14%.

In related news, VP Ann D. Janssen sold 1,310 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $94.13, for a total transaction of $123,310.30. Following the completion of the sale, the vice president now directly owns 54,073 shares of the company’s stock, valued at approximately $5,089,891.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William R. Thomas sold 16,581 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $92.86, for a total value of $1,539,711.66. Following the sale, the chief executive officer now directly owns 502,766 shares of the company’s stock, valued at $46,686,850.76. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. Community Bank N.A. raised its stake in shares of EOG Resources by 0.6% in the third quarter. Community Bank N.A. now owns 3,756 shares of the energy exploration company’s stock worth $364,000 after buying an additional 21 shares in the last quarter. MAI Capital Management raised its stake in shares of EOG Resources by 0.9% in the second quarter. MAI Capital Management now owns 2,907 shares of the energy exploration company’s stock worth $243,000 after buying an additional 26 shares in the last quarter. Citizens Financial Group Inc RI raised its stake in shares of EOG Resources by 2.3% in the second quarter. Citizens Financial Group Inc RI now owns 1,680 shares of the energy exploration company’s stock worth $140,000 after buying an additional 38 shares in the last quarter. Bartlett & Co. LLC raised its stake in shares of EOG Resources by 0.8% in the second quarter. Bartlett & Co. LLC now owns 12,161 shares of the energy exploration company’s stock worth $1,014,000 after buying an additional 92 shares in the last quarter. Finally, Bremer Trust National Association raised its stake in shares of EOG Resources by 3.3% in the third quarter. Bremer Trust National Association now owns 2,958 shares of the energy exploration company’s stock worth $286,000 after buying an additional 95 shares in the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

About EOG Resources

EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.

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