EOG Resources Inc. (EOG) Upgraded to “Overweight” by Capital One Financial Corp.
A number of other brokerages also recently weighed in on EOG. Wunderlich boosted their price objective on shares of EOG Resources from $104.00 to $110.00 and gave the company a buy rating in a research report on Friday, October 7th. Societe Generale downgraded shares of EOG Resources from a buy rating to a hold rating in a research report on Monday, October 3rd. Simmons reaffirmed an overweight rating and set a $109.00 price objective (up previously from $103.00) on shares of EOG Resources in a research report on Friday, September 9th. Barclays PLC restated an overweight rating on shares of EOG Resources in a research report on Friday, September 30th. Finally, Royal Bank Of Canada upped their target price on shares of EOG Resources from $95.00 to $98.00 and gave the stock a sector perform rating in a research report on Wednesday, September 7th. Sixteen investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $95.69.
Shares of EOG Resources (NYSE:EOG) traded down 0.38% during midday trading on Wednesday, reaching $94.86. 1,145,939 shares of the company were exchanged. EOG Resources has a 52-week low of $57.15 and a 52-week high of $98.32. The stock’s market capitalization is $54.68 billion. The company’s 50-day moving average price is $93.96 and its 200 day moving average price is $87.31.
EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.09. The company earned $2.12 billion during the quarter, compared to the consensus estimate of $1.93 billion. EOG Resources had a negative return on equity of 8.42% and a negative net margin of 17.58%. EOG Resources’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 EPS. On average, equities analysts predict that EOG Resources will post ($1.79) earnings per share for the current year.
The company also recently announced 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. The ex-dividend date of this dividend was Thursday, October 13th. This represents a $0.67 dividend on an annualized basis and a yield of 0.70%. EOG Resources’s payout ratio is -29.65%.
In related news, VP Ann D. Janssen sold 1,310 shares of the business’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $94.13, for a total transaction of $123,310.30. Following the transaction, the vice president now directly owns 54,073 shares in the company, valued at $5,089,891.49. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael P. Donaldson sold 8,473 shares of the business’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $91.00, for a total transaction of $771,043.00. Following the transaction, the executive vice president now owns 66,566 shares in the company, valued at $6,057,506. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. Baker Ellis Asset Management LLC bought a new position in EOG Resources during the third quarter valued at approximately $101,000. ClariVest Asset Management LLC bought a new position in EOG Resources during the third quarter valued at approximately $103,000. FTB Advisors Inc. increased its position in EOG Resources by 98.3% in the third quarter. FTB Advisors Inc. now owns 1,152 shares of the energy exploration company’s stock valued at $110,000 after buying an additional 571 shares in the last quarter. Assetmark Inc. increased its position in EOG Resources by 4.4% in the third quarter. Assetmark Inc. now owns 1,175 shares of the energy exploration company’s stock valued at $114,000 after buying an additional 50 shares in the last quarter. Finally, Tortoise Investment Management LLC bought a new position in EOG Resources during the second quarter valued at approximately $100,000. Institutional investors and hedge funds own 89.70% of the company’s stock.
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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