EOG Resources Inc. (NYSE:EOG) had its target price increased by Wunderlich from $104.00 to $110.00 in a research report report published on Friday. The firm currently has a buy rating on the energy exploration company’s stock.
EOG has been the subject of several other reports. Jefferies Group restated a hold rating on shares of EOG Resources in a report on Thursday, August 4th. Societe Generale downgraded EOG Resources from a buy rating to a hold rating in a report on Monday, October 3rd. Zacks Investment Research downgraded EOG Resources from a buy rating to a hold rating in a report on Wednesday, August 3rd. Credit Agricole SA assumed coverage on EOG Resources in a report on Wednesday, June 22nd. They issued an underperform rating for the company. Finally, Tudor Pickering downgraded EOG Resources from a buy rating to a hold rating in a report on Friday, July 15th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $92.22.
Shares of EOG Resources (NYSE:EOG) opened at 96.30 on Friday. EOG Resources has a 52 week low of $57.15 and a 52 week high of $98.32. The company’s market cap is $53.03 billion. The company’s 50-day moving average price is $92.60 and its 200 day moving average price is $84.39.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share (EPS) for the quarter, topping 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 company earned $1.78 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the prior year, the company earned $0.28 earnings per share. The company’s revenue for the quarter was down 28.1% compared to the same quarter last year. On average, equities analysts forecast that EOG Resources will post ($1.67) EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be issued 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 is Thursday, October 13th. EOG Resources’s dividend payout ratio (DPR) is -7.14%.
In related news, CEO William R. Thomas sold 16,581 shares of the firm’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $92.86, for a total transaction of $1,539,711.66. Following the sale, the chief executive officer now owns 502,766 shares of the company’s stock, valued at approximately $46,686,850.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Ann D. Janssen sold 1,064 shares of the firm’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $96.73, for a total value of $102,920.72. Following the sale, the vice president now directly owns 56,473 shares in the company, valued at approximately $5,462,633.29. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Capital World Investors increased its stake in EOG Resources by 17.0% in the second quarter. Capital World Investors now owns 15,441,504 shares of the energy exploration company’s stock valued at $1,288,130,000 after buying an additional 2,246,141 shares during the period. TIAA CREF Investment Management LLC increased its stake in EOG Resources by 23.5% in the second quarter. TIAA CREF Investment Management LLC now owns 8,283,932 shares of the energy exploration company’s stock valued at $691,046,000 after buying an additional 1,578,007 shares during the period. Capital Research Global Investors increased 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 valued at $3,599,663,000 after buying an additional 1,423,493 shares during the period. Wellington Management Group LLP increased its stake in EOG Resources by 7.7% in the first quarter. Wellington Management Group LLP now owns 19,754,733 shares of the energy exploration company’s stock valued at $1,433,799,000 after buying an additional 1,419,018 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new stake in EOG Resources during the second quarter valued at $102,011,000. 89.44% of the stock is currently owned by 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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