EOG Resources, Inc. (NYSE:EOG) – Jefferies Group issued their Q1 2019 earnings per share (EPS) estimates for shares of EOG Resources in a research note issued on Monday. Jefferies Group analyst M. Lear anticipates that the energy exploration company will earn $0.69 per share for the quarter. Jefferies Group has a “Hold” rating and a $95.00 price target on the stock. Jefferies Group also issued estimates for EOG Resources’ Q2 2019 earnings at $0.73 EPS and Q3 2019 earnings at $0.77 EPS.
Several other research analysts also recently commented on EOG. Barclays PLC restated an “overweight” rating and issued a $101.00 target price (up previously from $94.00) on shares of EOG Resources in a research note on Wednesday, August 9th. J P Morgan Chase & Co raised their target price on EOG Resources from $90.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday. BMO Capital Markets set a $105.00 target price on EOG Resources and gave the stock a “buy” rating in a research note on Tuesday. BidaskClub upgraded EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Scotiabank restated a “hold” rating and issued a $100.00 target price on shares of EOG Resources in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $108.28.
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EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the prior year, the company earned ($0.38) EPS. The company’s revenue for the quarter was up 47.1% compared to the same quarter last year.
Several large investors have recently bought and sold shares of EOG. BlackRock Inc. lifted its stake in shares of EOG Resources by 2,098.0% in the 1st quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock valued at $3,486,473,000 after purchasing an additional 34,114,299 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of EOG Resources by 14.7% in the 2nd 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 purchasing an additional 5,368,941 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of EOG Resources by 64.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock valued at $479,202,000 after purchasing an additional 2,083,122 shares during the last quarter. Capital World Investors lifted its stake in shares of EOG Resources by 9.9% in the 2nd quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock valued at $1,580,657,000 after purchasing an additional 1,568,085 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of EOG Resources by 49.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the energy exploration company’s stock valued at $399,039,000 after purchasing an additional 1,452,947 shares during the last quarter. 85.37% of the stock is owned by institutional investors and hedge funds.
In other news, insider Gary L. Thomas sold 25,000 shares of the firm’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 value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles R. Crisp sold 3,411 shares of the firm’s stock in a transaction that occurred 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 directly owns 53,196 shares of the company’s stock, valued at $5,161,607.88. The disclosure for this sale can be found here. Insiders sold a total of 38,578 shares of company stock valued at $3,700,882 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be paid a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Monday, October 16th. EOG Resources’s payout ratio is -131.37%.
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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