EOG Resources, Inc. (NYSE:EOG) had its price objective raised by Royal Bank Of Canada from $107.00 to $110.00 in a report released on Tuesday, November 7th, Marketbeat reports. Royal Bank Of Canada currently has a sector perform rating on the energy exploration company’s stock.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of EOG Resources from a buy rating to a hold rating in a research note on Friday, October 20th. Morgan Stanley upgraded shares of EOG Resources from an equal weight rating to an overweight rating and lifted their price target for the company from $97.00 to $106.00 in a research note on Tuesday, September 12th. Citigroup Inc. lowered shares of EOG Resources from a buy rating to a neutral rating and lowered their price objective for the stock from $112.00 to $98.00 in a research note on Friday, July 21st. ValuEngine upgraded shares of EOG Resources from a sell rating to a hold rating in a research note on Thursday, September 7th. Finally, Jefferies Group LLC restated a hold rating and set a $89.00 price objective (down from $101.00) on shares of EOG Resources in a research note on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of $109.42.
Shares of EOG Resources (NYSE:EOG) opened at $101.66 on Tuesday. EOG Resources has a twelve month low of $81.99 and a twelve month high of $109.37. 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 $58,780.00, a price-to-earnings ratio of 247.95, a P/E/G ratio of 13.61 and a beta of 0.99.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th were issued a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Monday, October 16th. EOG Resources’s dividend payout ratio is currently 6,700.00%.
In other news, EVP David W. Trice sold 3,114 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $106.65, for a total transaction of $332,108.10. Following the completion of the sale, the executive vice president now owns 80,415 shares of the company’s stock, valued at approximately $8,576,259.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gary L. Thomas sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the sale, the insider now directly owns 1,067,465 shares of the company’s stock, valued at approximately $103,149,142.95. The disclosure for this sale can be found here. Insiders sold a total of 153,692 shares of company stock valued at $3,717,390 in the last three months. Insiders own 0.53% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Chicago Partners Investment Group LLC increased its position in EOG Resources by 178.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock worth $108,000 after purchasing an additional 712 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in EOG Resources during the 3rd quarter worth approximately $1,531,000. Public Employees Retirement System of Ohio increased its position in EOG Resources by 0.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 424,468 shares of the energy exploration company’s stock worth $41,063,000 after purchasing an additional 1,957 shares in the last quarter. Westport Asset Management Inc. increased its position in EOG Resources by 120.3% during the 3rd quarter. Westport Asset Management Inc. now owns 55,077 shares of the energy exploration company’s stock worth $5,328,000 after purchasing an additional 30,077 shares in the last quarter. Finally, Griffin Asset Management Inc. acquired a new position in EOG Resources during the 3rd quarter worth approximately $1,719,000. 84.70% of the stock is owned by 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.
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