EOG Resources Inc (NYSE:EOG) – Investment analysts at KeyCorp reduced their Q1 2020 EPS estimates for EOG Resources in a research report issued to clients and investors on Monday, July 15th. KeyCorp analyst L. Mariani now anticipates that the energy exploration company will earn $1.41 per share for the quarter, down from their previous estimate of $1.48. KeyCorp has a “Overweight” rating and a $110.00 price objective on the stock. KeyCorp also issued estimates for EOG Resources’ Q2 2020 earnings at $1.37 EPS, Q3 2020 earnings at $1.43 EPS and Q4 2020 earnings at $1.51 EPS.
Other equities research analysts have also recently issued research reports about the stock. Tudor Pickering cut shares of Advantage Oil & Gas from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Oppenheimer set a $68.00 price target on shares of ITT and gave the stock a “buy” rating in a research report on Wednesday, March 27th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of in a research report on Friday, June 28th. Citigroup lifted their price target on shares of Walt Disney from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, Morgan Stanley set a $207.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $120.72.
EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.16. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. The company had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm posted $1.19 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Valeo Financial Advisors LLC grew its holdings in EOG Resources by 76.4% during the first quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 113 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in shares of EOG Resources by 131.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 275 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 156 shares during the period. Guidant Wealth Advisors boosted its holdings in shares of EOG Resources by 50.5% in the first quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock valued at $29,000 after buying an additional 101 shares during the period. Truvestments Capital LLC acquired a new position in shares of EOG Resources in the second quarter valued at approximately $33,000. Finally, Essex Savings Bank boosted its holdings in shares of EOG Resources by 87.0% in the first quarter. Essex Savings Bank now owns 430 shares of the energy exploration company’s stock valued at $41,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 86.71% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.2875 per share. The ex-dividend date is Tuesday, July 16th. This represents a $1.15 dividend on an annualized basis and a yield of 1.35%. This is a boost from EOG Resources’s previous quarterly dividend of $0.22. EOG Resources’s payout ratio is currently 20.76%.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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