Stifel Nicolaus set a $106.00 price target on EOG Resources, Inc. (NYSE:EOG) in a research report sent to investors on Thursday. The brokerage currently has a buy rating on the energy exploration company’s stock.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets reissued a buy rating and set a $95.00 target price on shares of EOG Resources in a report on Friday, August 4th. Scotiabank reissued a hold rating and set a $100.00 target price on shares of EOG Resources in a report on Thursday, August 3rd. BidaskClub raised shares of EOG Resources from a sell rating to a hold rating in a report on Monday, July 31st. Zacks Investment Research raised shares of EOG Resources from a sell rating to a hold rating in a report on Monday, July 31st. Finally, Royal Bank Of Canada set a $115.00 target price on shares of EOG Resources and gave the company a hold rating in a report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-two have given a buy rating to the company’s stock. EOG Resources presently has an average rating of Buy and a consensus price target of $107.54.

EOG Resources (EOG) opened at 96.19 on Thursday. The stock has a 50 day moving average price of $90.41 and a 200 day moving average price of $91.66. EOG Resources has a 52-week low of $81.99 and a 52-week high of $109.37. The firm’s market cap is $55.54 billion.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the previous year, the firm earned ($0.38) EPS. The company’s revenue was up 47.1% compared to the same quarter last year. Equities analysts predict that EOG Resources will post $0.60 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be paid a $0.1675 dividend. This represents a $0.67 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Monday, October 16th. EOG Resources’s dividend payout ratio is presently -131.37%.

In other EOG Resources news, Director Charles R. Crisp sold 3,411 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $97.03, for a total value of $330,969.33. Following the completion of the sale, the director now directly owns 53,196 shares of the company’s stock, valued at $5,161,607.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 6,167 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $97.50, for a total transaction of $601,282.50. Following the completion of the sale, the executive vice president now directly owns 74,316 shares of the company’s stock, valued at $7,245,810. The disclosure for this sale can be found here. Insiders sold 38,578 shares of company stock valued at $3,700,882 over the last three months. 0.53% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Waldron LP raised its stake in shares of EOG Resources by 81.7% during the first quarter. Waldron LP now owns 4,522 shares of the energy exploration company’s stock valued at $431,000 after acquiring an additional 2,033 shares during the last quarter. Virginia Retirement Systems ET AL raised its stake in shares of EOG Resources by 9.6% during the first quarter. Virginia Retirement Systems ET AL now owns 135,497 shares of the energy exploration company’s stock valued at $13,218,000 after acquiring an additional 11,897 shares during the last quarter. Pioneer Investment Management Inc. raised its stake in shares of EOG Resources by 26.3% during the first quarter. Pioneer Investment Management Inc. now owns 2,169,726 shares of the energy exploration company’s stock valued at $211,656,000 after acquiring an additional 451,672 shares during the last quarter. Zweig DiMenna Associates LLC bought a new position in shares of EOG Resources during the first quarter valued at about $527,000. Finally, State of Tennessee Treasury Department raised its stake in shares of EOG Resources by 1.8% during the first quarter. State of Tennessee Treasury Department now owns 347,190 shares of the energy exploration company’s stock valued at $33,868,000 after acquiring an additional 6,044 shares during the last quarter. 85.37% of the stock is owned by institutional investors and hedge funds.

About EOG Resources

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

Analyst Recommendations for EOG Resources (NYSE:EOG)

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