EOG Resources Inc. (NYSE:EOG)‘s stock had its “overweight” rating reiterated by research analysts at Barclays PLC in a report released on Friday.
Other equities analysts also recently issued research reports about the company. Credit Suisse Group AG reiterated a “hold” rating and issued a $90.00 price objective on shares of EOG Resources in a research note on Tuesday, August 9th. Credit Agricole SA restated a “sell” rating on shares of EOG Resources in a research report on Tuesday, August 16th. Zacks Investment Research downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Royal Bank Of Canada increased their target price on EOG Resources from $95.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 7th. Finally, RBC Capital Markets restated a “sector perform” rating and set a $95.00 target price (up previously from $88.00) on shares of EOG Resources in a research report on Wednesday, August 10th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $91.96.
EOG Resources (NYSE:EOG) traded up 1.94% on Friday, reaching $96.89. The company’s stock had a trading volume of 1,639,457 shares. The firm’s 50-day moving average price is $91.17 and its 200 day moving average price is $83.01. The company’s market cap is $53.35 billion. EOG Resources has a 52-week low of $57.15 and a 52-week high of $97.17.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, August 5th. The energy exploration company reported ($0.38) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.10. EOG Resources had a negative return on equity of 6.32% and a negative net margin of 72.18%. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. EOG Resources’s revenue for the quarter was down 28.1% on a year-over-year basis. Equities analysts anticipate that EOG Resources will post ($1.67) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be given a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, October 13th. EOG Resources’s dividend payout ratio is -7.14%.
In other news, VP Ann D. Janssen sold 1,310 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $94.13, for a total transaction of $123,310.30. Following the sale, the vice president now directly owns 54,073 shares in the company, valued at approximately $5,089,891.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lloyd W. Helms, Jr. sold 4,875 shares of the company’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $81.82, for a total transaction of $398,872.50. Following the sale, the executive vice president now owns 59,032 shares in the company, valued at $4,829,998.24. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.
Several hedge funds have recently made changes to their positions in EOG. Tortoise Investment Management LLC acquired a new stake in shares of EOG Resources during the second quarter valued at about $100,000. Lenox Wealth Management Inc. boosted its stake in shares of EOG Resources by 53.6% in the second quarter. Lenox Wealth Management Inc. now owns 1,465 shares of the energy exploration company’s stock valued at $122,000 after buying an additional 511 shares in the last quarter. Pinkerton Retirement Specialists LLC boosted its stake in shares of EOG Resources by 819.1% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,489 shares of the energy exploration company’s stock valued at $124,000 after buying an additional 1,327 shares in the last quarter. Citizens Financial Group Inc RI boosted its stake in shares of EOG Resources by 2.3% in the second quarter. Citizens Financial Group Inc RI now owns 1,680 shares of the energy exploration company’s stock valued at $140,000 after buying an additional 38 shares in the last quarter. Finally, Cypress Capital Management LLC WY acquired a new stake in shares of EOG Resources during the second quarter valued at about $160,000. Hedge funds and other institutional investors own 89.44% of the company’s stock.
EOG Resources Company Profile
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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