EOG Resources Inc. (NYSE:EOG) was upgraded by equities research analysts at Guggenheim from a “neutral” rating to a “buy” rating in a research note issued on Friday.

A number of other analysts also recently issued reports on EOG. Royal Bank Of Canada raised their target price on EOG Resources from $98.00 to $105.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Barclays PLC raised their target price on EOG Resources from $83.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, July 14th. Bank of America Corp. reaffirmed a “hold” rating and issued a $110.00 target price on shares of EOG Resources in a research note on Friday, November 4th. Credit Agricole SA raised their target price on EOG Resources from $93.00 to $98.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 7th. Finally, FBR & Co assumed coverage on EOG Resources in a research note on Tuesday, September 13th. They issued an “outperform” rating and a $108.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $93.26.

Analyst Recommendations for EOG Resources (NYSE:EOG)

Shares of EOG Resources (NYSE:EOG) opened at 92.63 on Friday. EOG Resources has a 52 week low of $57.15 and a 52 week high of $98.32. The stock’s 50 day moving average is $93.58 and its 200-day moving average is $86.96. The stock’s market capitalization is $53.40 billion.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by $0.09. EOG Resources had a negative net margin of 17.58% and a negative return on equity of 8.42%. The firm earned $2.12 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the business posted $0.02 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, analysts anticipate that EOG Resources will post ($1.72) earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 17th were issued a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Thursday, October 13th. EOG Resources’s dividend payout ratio is presently -29.65%.

In related news, VP Ann D. Janssen sold 1,310 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 54,073 shares of the company’s stock, valued at $5,089,891.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William R. Thomas sold 16,581 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 502,766 shares in the company, valued at approximately $46,686,850.76. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in EOG. Community Bank N.A. increased its stake in 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 during the last quarter. MAI Capital Management increased its stake in 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 during the last quarter. Quadrant Capital Group LLC increased its stake in EOG Resources by 1.2% in the third quarter. Quadrant Capital Group LLC now owns 2,890 shares of the energy exploration company’s stock worth $270,000 after buying an additional 34 shares during the last quarter. Citizens Financial Group Inc RI increased its stake in 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 during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC increased its stake in EOG Resources by 1.9% in the third quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,500 shares of the energy exploration company’s stock worth $242,000 after buying an additional 46 shares during the last quarter. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Company Profile

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.

5 Day Chart for NYSE:EOG

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