Trading Report: Today, EOG Resources Inc. (EOG) Given New $105.00 Price Target at Royal Bank Of Canada

Today, EOG Resources Inc. (EOG) Given New $105.00 Price Target at Royal Bank Of Canada

EOG Resources Inc. (NYSE:EOG) had its price objective raised by analysts at Royal Bank Of Canada from $98.00 to $105.00 in a report released on Tuesday. The firm presently has a “sector perform” rating on the energy exploration company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 9.40% from the stock’s previous close.

Several other equities research analysts also recently commented on the stock. Bank of America Corp. reaffirmed a “hold” rating and issued a $110.00 target price on shares of EOG Resources in a research note on Friday, November 4th. TheStreet raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Thursday, October 20th. Jefferies Group reaffirmed a “hold” rating and issued a $88.00 target price on shares of EOG Resources in a research note on Wednesday, October 19th. Wunderlich upped their target price on shares of EOG Resources from $104.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, October 7th. Finally, Societe Generale downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Sixteen analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $97.10.

EOG Resources (NYSE:EOG) traded down 1.05% during midday trading on Tuesday, hitting $95.98. 1,518,348 shares of the company traded hands. The stock’s 50-day moving average is $93.72 and its 200-day moving average is $87.94. EOG Resources has a 12-month low of $57.15 and a 12-month high of $98.32. The firm’s market capitalization is $55.33 billion.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.09. EOG Resources had a negative net margin of 17.58% and a negative return on equity of 8.42%. The business earned $2.12 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the company earned $0.02 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. Analysts anticipate that EOG Resources will post ($1.76) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Monday, October 17th were paid a $0.1675 dividend. This represents a $0.67 annualized dividend and a yield of 0.70%. The ex-dividend date was Thursday, October 13th. EOG Resources’s dividend payout ratio (DPR) is -29.65%.

In other EOG Resources news, VP Ann D. Janssen sold 1,064 shares of EOG Resources stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $96.73, for a total value of $102,920.72. Following the completion of the sale, the vice president now owns 56,473 shares in the company, valued at approximately $5,462,633.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William R. Thomas sold 16,581 shares of EOG Resources stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $92.86, for a total transaction of $1,539,711.66. Following the completion of the sale, the chief executive officer now owns 502,766 shares of the company’s stock, valued at approximately $46,686,850.76. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the company. Capital Research Global Investors boosted its stake in shares of EOG Resources by 3.4% in the second quarter. Capital Research Global Investors now owns 43,151,080 shares of the energy exploration company’s stock valued at $3,599,663,000 after buying an additional 1,423,493 shares during the period. Vanguard Group Inc. boosted its stake in shares of EOG Resources by 1.8% in the second quarter. Vanguard Group Inc. now owns 39,329,789 shares of the energy exploration company’s stock valued at $3,280,891,000 after buying an additional 680,874 shares during the period. State Street Corp boosted its stake in shares of EOG Resources by 1.0% in the second quarter. State Street Corp now owns 27,064,265 shares of the energy exploration company’s stock valued at $2,257,702,000 after buying an additional 268,950 shares during the period. Capital World Investors boosted its stake in shares of EOG Resources by 8.9% in the third quarter. Capital World Investors now owns 16,812,004 shares of the energy exploration company’s stock valued at $1,625,889,000 after buying an additional 1,370,500 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of EOG Resources by 2.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,915,769 shares of the energy exploration company’s stock valued at $994,014,000 after buying an additional 322,970 shares during the period. Institutional investors and hedge funds own 85.26% of the company’s stock.

EOG Resources Company Profile

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