Sanford C. Bernstein Cuts EOG Resources (EOG) Price Target to $137.00
EOG Resources (NYSE:EOG) had its price target reduced by Sanford C. Bernstein from $143.00 to $137.00 in a research report released on Friday morning, The Fly reports. They currently have an outperform rating on the energy exploration company’s stock.
A number of other equities research analysts also recently weighed in on the company. Royal Bank of Canada reaffirmed a hold rating and set a $112.00 price objective on shares of EOG Resources in a report on Thursday. TheStreet raised EOG Resources from a c rating to a b rating in a report on Tuesday, February 27th. Imperial Capital set a $145.00 price objective on EOG Resources and gave the company an outperform rating in a report on Thursday. Credit Suisse Group decreased their price objective on EOG Resources from $126.00 to $120.00 and set a neutral rating on the stock in a report on Wednesday, February 28th. Finally, Stifel Nicolaus set a $134.00 price objective on EOG Resources and gave the company a buy rating in a report on Sunday, February 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $117.84.
Shares of EOG Resources (NYSE EOG) opened at $101.45 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27. The firm has a market capitalization of $58,660.00, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 3.45 and a beta of 1.09. EOG Resources has a 1-year low of $81.99 and a 1-year high of $119.00.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 16th will be issued a dividend of $0.185 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, April 13th. This represents a $0.74 annualized dividend and a yield of 0.73%. EOG Resources’s dividend payout ratio is currently 15.02%.
In other EOG Resources news, EVP Michael P. Donaldson sold 1,741 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $106.00, for a total transaction of $184,546.00. Following the transaction, the executive vice president now owns 75,118 shares of the company’s stock, valued at approximately $7,962,508. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Gary L. Thomas sold 2,000 shares of the company’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $107.95, for a total value of $215,900.00. Following the transaction, the president now directly owns 1,046,430 shares in the company, valued at approximately $112,962,118.50. 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. Company insiders own 0.53% of the company’s stock.
Large investors have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. raised its position in shares of EOG Resources by 43.1% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,006,886 shares of the energy exploration company’s stock valued at $387,626,000 after acquiring an additional 1,206,576 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of EOG Resources by 21.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,412,802 shares of the energy exploration company’s stock valued at $620,361,000 after acquiring an additional 1,118,898 shares during the last quarter. Northside Capital Management LLC bought a new stake in shares of EOG Resources during the 4th quarter valued at $82,404,000. Element Capital Management LLC bought a new stake in shares of EOG Resources during the 4th quarter valued at $81,570,000. Finally, Westfield Capital Management Co. LP bought a new stake in shares of EOG Resources during the 3rd quarter valued at $64,975,000. 84.55% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.