Brokerages Set EOG Resources, Inc. (EOG) PT at $108.68
EOG Resources, Inc. (NYSE:EOG) has been assigned a consensus rating of “Buy” from the thirty-three brokerages that are covering the firm, MarketBeat.com reports. Two research 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. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $108.68.
A number of research firms have issued reports on EOG. Zacks Investment Research cut EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Morgan Stanley set a $116.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Wednesday, October 18th. Robert W. Baird set a $114.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Thursday, October 12th. J P Morgan Chase & Co increased their target price on EOG Resources from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Finally, Barclays PLC increased their target price on EOG Resources from $101.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.07. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.40) EPS.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th were given a dividend of $0.1675 per share. The ex-dividend date was Monday, October 16th. This represents a $0.67 annualized dividend and a yield of 0.64%. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.
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In other EOG Resources news, Director Charles R. Crisp sold 3,411 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $97.03, for a total transaction of $330,969.33. Following the completion of the sale, the director now directly owns 53,196 shares in the company, valued at $5,161,607.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $88.22, for a total transaction of $352,880.00. Following the sale, the executive vice president now owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The disclosure for this sale can be found here. Insiders have sold 38,578 shares of company stock valued at $3,700,882 over the last 90 days. Company insiders own 0.53% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd increased its holdings in shares of EOG Resources by 87.9% during the second quarter. WINTON GROUP Ltd now owns 8,859 shares of the energy exploration company’s stock worth $802,000 after purchasing an additional 4,144 shares during the period. Israel Discount Bank of New York bought a new position in shares of EOG Resources during the first quarter worth approximately $556,000. Assenagon Asset Management S.A. bought a new position in shares of EOG Resources during the third quarter worth approximately $4,649,000. Wendell David Associates Inc. increased its holdings in shares of EOG Resources by 4.2% during the third quarter. Wendell David Associates Inc. now owns 14,910 shares of the energy exploration company’s stock worth $1,442,000 after purchasing an additional 600 shares during the period. Finally, Usca Ria LLC increased its holdings in shares of EOG Resources by 232.2% during the second quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock worth $1,417,000 after purchasing an additional 10,939 shares during the period. 85.38% of the stock is currently owned by institutional investors.
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.
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