EOG Resources, Inc. (NYSE:EOG) Stock Rated “Hold” by Wall Street Analysts

EOG Resources, Inc. (NYSE:EOG) has received an average recommendation of “Hold” from the thirty analysts that are presently covering the firm, Marketbeat Ratings reports. Eighteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $158.11.

Several analysts recently weighed in on the company. Morgan Stanley set a $157.00 price objective on EOG Resources and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. Wells Fargo & Company reissued an “overweight” rating and set a $193.00 target price (down from $196.00) on shares of EOG Resources in a research note on Thursday, August 13th. The Goldman Sachs Group reissued a “neutral” rating and issued a $151.00 target price (up from $127.00) on shares of EOG Resources in a report on Monday, August 24th. Stifel Nicolaus began coverage on shares of EOG Resources in a research note on Thursday, September 10th. They issued a “hold” rating and a $158.00 price objective for the company. Finally, Capital One Financial lowered shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 target price on the stock. in a research report on Wednesday, August 26th.

Insider Transactions at EOG Resources

In related news, EVP Michael Donaldson sold 7,336 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the sale, the executive vice president directly owned 100,558 shares of the company’s stock, valued at $14,882,584. The trade was a 6.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ezra Yacob sold 35,942 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the sale, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is owned by insiders.

Institutional Trading of EOG Resources

A number of institutional investors have recently modified their holdings of the business. QRG Capital Management Inc. lifted its holdings in shares of EOG Resources by 5.9% during the 2nd quarter. QRG Capital Management Inc. now owns 95,517 shares of the energy exploration company’s stock worth $12,391,000 after acquiring an additional 5,327 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in EOG Resources by 1.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 14,888 shares of the energy exploration company’s stock valued at $1,931,000 after acquiring an additional 185 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in EOG Resources by 14.8% during the second quarter. Sequoia Financial Advisors LLC now owns 26,193 shares of the energy exploration company’s stock valued at $3,398,000 after purchasing an additional 3,373 shares in the last quarter. National Pension Service raised its position in EOG Resources by 0.5% during the second quarter. National Pension Service now owns 1,956,669 shares of the energy exploration company’s stock valued at $253,839,000 after purchasing an additional 9,738 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in EOG Resources during the second quarter valued at about $587,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

Shares of EOG stock opened at $140.26 on Wednesday. The stock has a 50-day moving average of $144.71 and a 200-day moving average of $139.42. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The stock has a market cap of $73.57 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 0.52 and a beta of 0.26. EOG Resources has a one year low of $101.59 and a one year high of $154.16.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating the consensus estimate of $4.97 by $0.10. The firm had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.32 EPS. As a group, sell-side analysts expect that EOG Resources will post 16.85 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, October 16th. EOG Resources’s payout ratio is 31.75%.

EOG Resources Company Profile

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company’s principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.