FY2017 EPS Estimates for EOG Resources Inc Lifted by Analyst (EOG)
EOG Resources Inc (NYSE:EOG) – Equities research analysts at Capital One Financial upped their FY2017 earnings per share estimates for EOG Resources in a research note issued on Tuesday. Capital One Financial analyst P. Johnston now anticipates that the energy exploration company will post earnings per share of $0.96 for the year, up from their previous forecast of $0.72.
Other equities research analysts have also recently issued research reports about the company. Robert W. Baird set a $122.00 target price on EOG Resources and gave the stock a “buy” rating in a research note on Friday, January 5th. Piper Jaffray Companies restated a “buy” rating and set a $106.00 target price on shares of EOG Resources in a research note on Wednesday, November 22nd. Citigroup upgraded EOG Resources from a “neutral” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Wednesday, January 3rd. Morgan Stanley set a $116.00 target price on EOG Resources and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, Argus boosted their target price on EOG Resources to $133.00 and gave the stock a “buy” rating in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. EOG Resources presently has a consensus rating of “Buy” and a consensus target price of $116.72.
Several large investors have recently added to or reduced their stakes in EOG. Baker Ellis Asset Management LLC acquired a new position in shares of EOG Resources in the third quarter valued at approximately $101,000. Chicago Partners Investment Group LLC increased its holdings in shares of EOG Resources by 178.0% in the third quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after purchasing an additional 712 shares during the period. SeaCrest Wealth Management LLC acquired a new position in shares of EOG Resources in the fourth quarter valued at approximately $123,000. Cerebellum GP LLC acquired a new position in shares of EOG Resources in the fourth quarter valued at approximately $125,000. Finally, Fis Group Inc. acquired a new position in shares of EOG Resources in the third quarter valued at approximately $130,000. 85.59% of the stock is currently owned by institutional investors and hedge funds.
In other news, CFO Timothy K. Driggers sold 8,871 shares of the business’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 value of $935,446.95. Following the transaction, the chief financial officer now owns 185,157 shares of the company’s stock, valued at $19,524,805.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael P. Donaldson sold 15,322 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $114.26, for a total value of $1,750,691.72. Following the completion of the transaction, the executive vice president now directly owns 59,917 shares in the company, valued at approximately $6,846,116.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,934 shares of company stock worth $7,820,085. 0.53% of the stock is currently owned by corporate insiders.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were given a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Tuesday, January 16th. EOG Resources’s dividend payout ratio (DPR) is 6,700.00%.
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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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