Morgan Stanley set a $116.00 price objective on EOG Resources, Inc. (NYSE:EOG) in a research note published on Wednesday. The firm currently has a buy rating on the energy exploration company’s stock.
Other analysts have also recently issued reports about the company. Stifel Nicolaus reissued a buy rating and set a $111.00 price target on shares of EOG Resources in a report on Friday, July 14th. BMO Capital Markets reissued a buy rating and set a $95.00 price target on shares of EOG Resources in a 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 report on Thursday, October 12th. Scotiabank set a $100.00 price target on EOG Resources and gave the stock a hold rating in a report on Saturday, July 1st. Finally, Royal Bank Of Canada set a $115.00 price target on EOG Resources and gave the stock a hold rating in a report on Sunday, July 16th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have issued a buy rating to the company. EOG Resources presently has an average rating of Buy and a consensus target price of $108.68.
EOG Resources (NYSE EOG) traded up 1.13% during mid-day trading on Wednesday, hitting $96.84. The stock had a trading volume of 2,194,495 shares. EOG Resources has a one year low of $81.99 and a one year high of $109.37. The stock’s 50 day moving average price is $94.01 and its 200 day moving average price is $91.74. The firm’s market capitalization is $55.92 billion.
EOG Resources (NYSE:EOG) last released its quarterly earnings results 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). The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The business’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.38) earnings per share. Analysts forecast that EOG Resources will post $0.64 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be given a $0.1675 dividend. The ex-dividend date of this dividend is Monday, October 16th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.69%. EOG Resources’s dividend payout ratio (DPR) is presently -131.37%.
In other EOG Resources news, Director Charles R. Crisp sold 3,411 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.03, for a total value of $330,969.33. Following the sale, the director now owns 53,196 shares in the company, valued at approximately $5,161,607.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael P. Donaldson sold 6,167 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $97.50, for a total value of $601,282.50. Following the completion of the sale, the executive vice president now owns 74,316 shares in the company, valued at approximately $7,245,810. The disclosure for this sale can be found here. Insiders sold a total of 38,578 shares of company stock worth $3,700,882 in the last quarter. Corporate insiders own 0.53% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IHT Wealth Management LLC grew its position in shares of EOG Resources by 4.1% in the 1st quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock valued at $101,000 after buying an additional 41 shares during the last quarter. Baker Ellis Asset Management LLC bought a new stake in shares of EOG Resources in the 3rd quarter valued at about $101,000. Chicago Partners Investment Group LLC grew its position in shares of EOG Resources by 60.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock valued at $104,000 after buying an additional 401 shares during the last quarter. Winfield Associates Inc. grew its position in shares of EOG Resources by 5.3% in the 1st quarter. Winfield Associates Inc. now owns 1,132 shares of the energy exploration company’s stock valued at $111,000 after buying an additional 57 shares during the last quarter. Finally, Exane Derivatives grew its position in shares of EOG Resources by 19.8% in the 2nd quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock valued at $105,000 after buying an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.
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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