EOG Resources, Inc. (NYSE:EOG) had its price objective lifted by Royal Bank of Canada from $107.00 to $110.00 in a research report sent to investors on Tuesday, MarketBeat.com reports. They currently have a sector perform rating on the energy exploration company’s stock.
Other research analysts have also issued reports about the company. Stifel Nicolaus reissued a buy rating and issued a $111.00 price target on shares of EOG Resources in a research report on Friday, July 14th. BMO Capital Markets reissued a buy rating and issued a $95.00 price target on shares of EOG Resources in a research report on Friday, August 4th. Robert W. Baird set a $114.00 price target on EOG Resources and gave the stock a buy rating in a research report on Thursday, October 12th. Morgan Stanley set a $116.00 price target on EOG Resources and gave the stock a buy rating in a research report on Wednesday, October 18th. Finally, Scotiabank reissued a hold rating and issued a $100.00 price target on shares of EOG Resources in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-two have assigned a buy rating to the company. EOG Resources currently has a consensus rating of Buy and an average target price of $108.96.
Shares of EOG Resources (NYSE:EOG) traded down $0.20 during midday trading on Tuesday, reaching $104.58. The company’s stock had a trading volume of 3,383,200 shares, compared to its average volume of 3,137,529. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46. The company has a market cap of $60,585.80, a price-to-earnings ratio of 255.56, a PEG ratio of 15.00 and a beta of 0.99. EOG Resources has a 1-year low of $81.99 and a 1-year high of $109.37.
EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.07. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.59 billion. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. EOG Resources’s revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.40) EPS. equities research analysts anticipate that EOG Resources will post 0.78 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th were given a dividend of $0.1675 per share. The ex-dividend date of this dividend was Monday, October 16th. This represents a $0.67 dividend on an annualized basis and a yield of 0.64%. EOG Resources’s dividend payout ratio is currently 6,700.00%.
In other EOG Resources news, EVP David W. Trice sold 3,114 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $106.65, for a total transaction of $332,108.10. Following the completion of the transaction, the executive vice president now owns 80,415 shares of the company’s stock, valued at $8,576,259.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $88.22, for a total value of $352,880.00. Following the transaction, the executive vice president now directly owns 70,987 shares of the company’s stock, valued at approximately $6,262,473.14. The disclosure for this sale can be found here. Insiders have sold 41,692 shares of company stock worth $4,032,990 in the last quarter. 0.53% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the business. Capital Research Global Investors raised its holdings in shares of EOG Resources by 14.7% during the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock valued at $3,787,329,000 after acquiring an additional 5,368,941 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of EOG Resources by 2.6% during the second quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock valued at $3,727,570,000 after acquiring an additional 1,058,276 shares during the last quarter. BlackRock Inc. raised its holdings in shares of EOG Resources by 2,098.0% during the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock valued at $3,486,473,000 after acquiring an additional 34,114,299 shares during the last quarter. Capital World Investors raised its holdings in shares of EOG Resources by 9.9% during the second quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock valued at $1,580,657,000 after acquiring an additional 1,568,085 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of EOG Resources by 8.7% in the second quarter. Northern Trust Corp now owns 8,001,255 shares of the energy exploration company’s stock valued at $724,272,000 after purchasing an additional 638,183 shares during the last quarter. 85.34% of the stock is owned by institutional investors and hedge funds.
About EOG Resources
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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