EOG Resources Inc. (NYSE:EOG) had its price objective upped by Robert W. Baird from $100.00 to $108.00 in a report published on Tuesday. They currently have an outperform rating on the energy exploration company’s stock.

Several other equities analysts have also commented on the stock. Clsa Americas raised shares of EOG Resources from an underperform rating to an outperform rating in a report on Monday, November 14th. Royal Bank Of Canada raised their target price on shares of EOG Resources from $95.00 to $98.00 and gave the company a sector perform rating in a report on Wednesday, September 7th. Bank of America Corp. reissued a hold rating and issued a $110.00 target price on shares of EOG Resources in a report on Friday, November 4th. raised their target price on shares of EOG Resources from $93.00 to $98.00 and gave the company an underperform rating in a report on Wednesday, September 7th. Finally, FBR & Co initiated coverage on shares of EOG Resources in a report on Tuesday, September 13th. They issued an outperform rating and a $108.00 target price on the stock. Sixteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. EOG Resources currently has a consensus rating of Buy and an average target price of $97.10.

Analyst Recommendations for EOG Resources (NYSE:EOG)

Shares of EOG Resources (NYSE:EOG) opened at 95.27 on Tuesday. EOG Resources has a 1-year low of $57.15 and a 1-year high of $98.32. The company’s market capitalization is $54.92 billion. The company’s 50 day moving average is $93.81 and its 200-day moving average is $87.75.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by $0.09. EOG Resources had a negative return on equity of 8.42% and a negative net margin of 17.58%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the business posted $0.02 earnings per share. EOG Resources’s revenue was down 2.5% compared to the same quarter last year. On average, equities research analysts forecast that EOG Resources will post ($1.77) EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Monday, October 17th were given a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Thursday, October 13th. EOG Resources’s payout ratio is currently -29.65%.

In other EOG Resources news, Director Frank G. Wisner sold 2,026 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $92.65, for a total transaction of $187,708.90. Following the completion of the transaction, the director now owns 113,125 shares of the company’s stock, valued at $10,481,031.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David W. Trice sold 4,600 shares of the firm’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $97.08, for a total value of $446,568.00. Following the transaction, the executive vice president now directly owns 62,050 shares of the company’s stock, valued at approximately $6,023,814. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors raised its position in shares of EOG Resources by 3.4% in the second quarter. Capital Research Global Investors now owns 43,151,080 shares of the energy exploration company’s stock valued at $3,599,663,000 after buying an additional 1,423,493 shares in the last quarter. Vanguard Group Inc. raised its position in shares of EOG Resources by 1.8% in the second quarter. Vanguard Group Inc. now owns 39,329,789 shares of the energy exploration company’s stock valued at $3,280,891,000 after buying an additional 680,874 shares in the last quarter. State Street Corp raised its position in shares of EOG Resources by 1.0% in the second quarter. State Street Corp now owns 27,064,265 shares of the energy exploration company’s stock valued at $2,257,702,000 after buying an additional 268,950 shares in the last quarter. Capital World Investors raised its position in shares of EOG Resources by 8.9% in the third quarter. Capital World Investors now owns 16,812,004 shares of the energy exploration company’s stock valued at $1,625,889,000 after buying an additional 1,370,500 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of EOG Resources by 2.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,915,769 shares of the energy exploration company’s stock valued at $994,014,000 after buying an additional 322,970 shares in the last quarter. 85.26% of the stock is owned by institutional investors and hedge funds.

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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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