EOG Resources Inc. (NYSE:EOG) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $107.42 price target on the energy exploration company’s stock. Vetr‘s price target points to a potential upside of 14.92% from the stock’s current price.
Other analysts also recently issued reports about the company. Jefferies Group reiterated a “hold” rating on shares of EOG Resources in a report on Thursday, August 4th. Robert W. Baird increased their price target on EOG Resources from $100.00 to $108.00 and gave the stock an “outperform” rating in a report on Tuesday, November 22nd. RBC Capital Markets reiterated a “hold” rating and set a $105.00 price target (up from $98.00) on shares of EOG Resources in a report on Tuesday, November 8th. Societe Generale downgraded EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Finally, Zacks Investment Research downgraded EOG Resources from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Sixteen research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. EOG Resources has a consensus rating of “Buy” and a consensus target price of $96.98.
EOG Resources (NYSE:EOG) traded down 2.62% during mid-day trading on Monday, hitting $93.47. The company had a trading volume of 3,031,187 shares. The company’s 50 day moving average price is $93.64 and its 200-day moving average price is $88.15. The firm’s market capitalization is $53.88 billion. EOG Resources has a 12-month low of $57.15 and a 12-month high of $98.32.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.31) by $0.09. The company earned $2.12 billion during the quarter, compared to analyst estimates of $1.93 billion. EOG Resources had a negative net margin of 17.58% and a negative return on equity of 8.42%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 earnings per share. On average, analysts forecast 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. Investors of record on Monday, October 17th were paid a $0.1675 dividend. The ex-dividend date of this dividend was Thursday, October 13th. This represents a $0.67 dividend on an annualized basis and a yield of 0.72%. EOG Resources’s dividend payout ratio is -29.65%.
In other news, Director Charles R. Crisp sold 14,000 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $92.69, for a total transaction of $1,297,660.00. Following the completion of the transaction, the director now directly owns 57,586 shares in the company, valued at approximately $5,337,646.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 4,464 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $93.00, for a total transaction of $415,152.00. Following the transaction, the executive vice president now owns 68,683 shares of the company’s stock, valued at $6,387,519. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EOG. Capital World Investors raised its position in EOG Resources by 17.0% in the second quarter. Capital World Investors now owns 15,441,504 shares of the energy exploration company’s stock worth $1,288,130,000 after buying an additional 2,246,141 shares during the period. TIAA CREF Investment Management LLC raised its position in EOG Resources by 23.5% in the second quarter. TIAA CREF Investment Management LLC now owns 8,283,932 shares of the energy exploration company’s stock worth $691,046,000 after buying an additional 1,578,007 shares during the period. Capital Research Global Investors raised its position in 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 worth $3,599,663,000 after buying an additional 1,423,493 shares during the period. Emerald Acquisition Ltd. purchased a new position in EOG Resources during the second quarter worth approximately $102,011,000. Finally, Cohen & Steers Inc. raised its position in EOG Resources by 2,261.2% in the second quarter. Cohen & Steers Inc. now owns 1,015,327 shares of the energy exploration company’s stock worth $20,439,000 after buying an additional 972,327 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.