EOG Resources Inc. (EOG) Upgraded to Buy at Vetr Inc.
Vetr upgraded shares of EOG Resources Inc. (NYSE:EOG) from a hold rating to a buy rating in a research report released on Monday. Vetr currently has $107.42 target price on the energy exploration company’s stock.
A number of other equities analysts have also recently weighed in on EOG. Clsa Americas upgraded EOG Resources from an underperform rating to an outperform rating in a report on Monday, November 14th. CLSA upgraded EOG Resources from an underperform rating to an outperform rating in a report on Tuesday, November 15th. Royal Bank Of Canada upped their price target on EOG Resources from $95.00 to $98.00 and gave the stock a sector perform rating in a report on Wednesday, September 7th. Bank of America Corp. reiterated a hold rating and set a $110.00 target price on shares of EOG Resources in a research note on Friday, November 4th. Finally, increased their target price on EOG Resources from $93.00 to $98.00 and gave the company an underperform rating in a research note on Wednesday, September 7th. Sixteen research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $96.98.
EOG Resources (NYSE:EOG) opened at 93.47 on Monday. The company has a 50-day moving average of $93.64 and a 200-day moving average of $88.15. The stock’s market capitalization is $53.88 billion. EOG Resources has a 52-week low of $57.15 and a 52-week high of $98.32.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.31) by $0.09. The company earned $2.12 billion during the quarter, compared to analysts’ expectations of $1.93 billion. EOG Resources had a negative return on equity of 8.42% and a negative net margin of 17.58%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.02 EPS. Equities research analysts expect that EOG Resources will post ($1.76) EPS for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Monday, October 17th were issued a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Thursday, October 13th. EOG Resources’s dividend payout ratio (DPR) is currently -29.65%.
In other EOG Resources news, Director Charles R. Crisp sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $92.69, for a total value of $1,297,660.00. Following the sale, the director now owns 57,586 shares of the company’s stock, valued at approximately $5,337,646.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael P. Donaldson sold 4,464 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $93.00, for a total value of $415,152.00. Following the completion of the sale, the executive vice president now directly owns 68,683 shares in the company, valued at approximately $6,387,519. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors raised its stake in 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 worth $3,599,663,000 after buying an additional 1,423,493 shares during the period. Vanguard Group Inc. raised its stake 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 during the last quarter. State Street Corp raised its stake 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 during the last quarter. Capital World Investors raised its stake 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 during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake 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 during the last quarter. 84.06% of the stock is currently 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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