Robert W. Baird set a $114.00 price target on EOG Resources, Inc. (NYSE:EOG) in a research note issued to investors on Friday. The firm currently has a buy rating on the energy exploration company’s stock.
EOG has been the topic of several other reports. Morgan Stanley set a $116.00 price target on shares of EOG Resources and gave the company a buy rating in a research report on Wednesday, October 18th. Barclays PLC increased their price target on shares of EOG Resources from $101.00 to $117.00 and gave the company an overweight rating in a research report on Wednesday, October 11th. Zacks Investment Research lowered shares of EOG Resources from a buy rating to a hold rating in a research report on Friday, October 20th. BMO Capital Markets set a $105.00 price target on shares of EOG Resources and gave the company a buy rating in a research report on Tuesday, October 10th. Finally, J P Morgan Chase & Co increased their price target on shares of EOG Resources from $90.00 to $96.00 and gave the company a neutral rating in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $108.79.
Shares of EOG Resources (EOG) traded up $0.21 on Friday, reaching $101.64. 2,594,277 shares of the company’s stock traded hands, compared to its average volume of 3,122,039. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. EOG Resources has a one year low of $81.99 and a one year high of $109.37. The firm has a market capitalization of $58,650.00, a price-to-earnings ratio of 249.93, a P/E/G ratio of 14.67 and a beta of 0.99.
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, topping the consensus estimate of $0.12 by $0.07. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.40) earnings per share. sell-side analysts predict that EOG Resources will post 0.78 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were given a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, October 16th. EOG Resources’s payout ratio is currently 6,700.00%.
In other news, Director Charles R. Crisp sold 3,411 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $97.03, for a total value of $330,969.33. Following the completion of the sale, the director now owns 53,196 shares of the company’s stock, valued at $5,161,607.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary L. Thomas sold 25,000 shares of the stock in a transaction 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 completion of 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 153,692 shares of company stock valued at $3,717,390 in the last three months. Company insiders own 0.53% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Westport Asset Management Inc. increased its position in shares of EOG Resources by 120.3% in the third quarter. Westport Asset Management Inc. now owns 55,077 shares of the energy exploration company’s stock worth $5,328,000 after acquiring an additional 30,077 shares in the last quarter. Griffin Asset Management Inc. acquired a new stake in EOG Resources during the 3rd quarter valued at $1,719,000. Piedmont Investment Advisors LLC grew its holdings in EOG Resources by 0.9% during the 3rd quarter. Piedmont Investment Advisors LLC now owns 124,461 shares of the energy exploration company’s stock valued at $12,040,000 after purchasing an additional 1,146 shares in the last quarter. California Public Employees Retirement System grew its holdings in EOG Resources by 4.3% during the 3rd quarter. California Public Employees Retirement System now owns 1,288,746 shares of the energy exploration company’s stock valued at $124,673,000 after purchasing an additional 52,936 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new stake in EOG Resources during the 3rd quarter valued at $969,000. 85.36% of the stock is owned by institutional investors.
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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