EOG Resources (EOG) Given a $122.00 Price Target by Robert W. Baird Analysts
Several other brokerages have also recently issued reports on EOG. Piper Jaffray Companies reiterated a buy rating and set a $106.00 target price on shares of EOG Resources in a report on Wednesday, November 22nd. Bank of America lowered shares of EOG Resources from a buy rating to a neutral rating and set a $125.00 price target for the company. in a research report on Thursday, January 4th. They noted that the move was a valuation call. Citigroup raised shares of EOG Resources from a neutral rating to a buy rating and set a $125.00 price target for the company in a research report on Wednesday, January 3rd. Barclays increased their price target on shares of EOG Resources from $101.00 to $117.00 and gave the company an overweight rating in a research report on Wednesday, October 11th. Finally, Morgan Stanley set a $116.00 price target on shares of EOG Resources and gave the company a buy rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. EOG Resources currently has an average rating of Buy and a consensus price target of $113.22.
EOG Resources (NYSE:EOG) opened at $112.71 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46. EOG Resources has a 1-year low of $81.99 and a 1-year high of $113.22. The stock has a market cap of $65,170.00, a PE ratio of 11,271.00, a price-to-earnings-growth ratio of 5.11 and a beta of 0.98.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be given a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Tuesday, January 16th. EOG Resources’s dividend payout ratio is presently 6,700.00%.
In other EOG Resources news, President Gary L. Thomas sold 2,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the president now directly owns 1,046,430 shares of the company’s stock, valued at approximately $112,962,118.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Timothy K. Driggers sold 8,871 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $19,524,805.65. The disclosure for this sale can be found here. Insiders have sold a total of 133,726 shares of company stock valued at $1,921,181 over the last three months. 0.53% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of EOG. WINTON GROUP Ltd grew its stake in shares of EOG Resources by 87.9% during the 2nd 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. Assenagon Asset Management S.A. acquired a new stake in shares of EOG Resources during the 3rd quarter worth approximately $4,649,000. Wendell David Associates Inc. grew its stake in shares of EOG Resources by 4.2% during the 3rd 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. Public Employees Retirement System of Ohio grew its stake in shares of EOG Resources by 0.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 424,468 shares of the energy exploration company’s stock worth $41,063,000 after purchasing an additional 1,957 shares during the period. Finally, Aperio Group LLC grew its stake in shares of EOG Resources by 6.9% during the 3rd quarter. Aperio Group LLC now owns 263,616 shares of the energy exploration company’s stock worth $25,502,000 after purchasing an additional 17,107 shares during the period. 85.25% of the stock is 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.
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