Shares of EOG Resources Inc (NYSE:EOG) have received a consensus recommendation of “Buy” from the twenty-eight analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $113.87.

Several analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $120.00 price objective on shares of EOG Resources in a report on Thursday. Zacks Investment Research lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Wednesday. Piper Jaffray Companies reaffirmed a “buy” rating and set a $118.00 price objective on shares of EOG Resources in a report on Tuesday. Argus raised their price objective on shares of EOG Resources to $133.00 and gave the stock a “buy” rating in a report on Monday, January 8th. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $120.00 price objective (up previously from $115.00) on shares of EOG Resources in a report on Monday, January 8th.

Shares of EOG Resources (EOG) opened at $115.70 on Friday. The firm has a market cap of $66,900.00, a P/E ratio of 11,570.00, a PEG ratio of 5.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27. EOG Resources has a fifty-two week low of $81.99 and a fifty-two week high of $116.47.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The company’s revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.40) earnings per share. equities research analysts forecast that EOG Resources will post 0.88 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be paid a $0.1675 dividend. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $0.67 dividend on an annualized basis and a yield of 0.58%. EOG Resources’s payout ratio is presently 6,700.00%.

In other news, President Gary L. Thomas sold 2,000 shares of EOG Resources stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $107.95, for a total transaction of $215,900.00. Following the transaction, the president now directly owns 1,046,430 shares of the company’s stock, valued at $112,962,118.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Timothy K. Driggers sold 8,871 shares of EOG Resources stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $105.45, for a total transaction of $935,446.95. Following the transaction, the chief financial officer now directly owns 185,157 shares in the company, valued at $19,524,805.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 189,048 shares of company stock worth $8,189,473. Insiders own 0.53% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in EOG. Capital Research Global Investors boosted its position in shares of EOG Resources by 14.7% during the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock worth $3,787,329,000 after purchasing an additional 5,368,941 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of EOG Resources by 64.9% during the second quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock worth $479,202,000 after purchasing an additional 2,083,122 shares in the last quarter. Capital World Investors boosted its position in shares of EOG Resources by 9.9% during the second quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock worth $1,580,657,000 after purchasing an additional 1,568,085 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of EOG Resources by 49.2% during the second quarter. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the energy exploration company’s stock worth $399,039,000 after purchasing an additional 1,452,947 shares in the last quarter. Finally, Findlay Park Partners LLP bought a new position in shares of EOG Resources during the second quarter worth $120,097,000. 85.25% of the stock is currently owned by institutional investors.

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EOG Resources Company Profile

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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