Credit Suisse Group set a $126.00 price objective on EOG Resources (NYSE:EOG) in a research report sent to investors on Tuesday, January 23rd. The firm currently has a hold rating on the energy exploration company’s stock. The analysts noted that the move was a valuation call.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research cut EOG Resources from a buy rating to a hold rating in a research report on Wednesday, January 10th. BMO Capital Markets reissued a buy rating and issued a $120.00 price objective on shares of EOG Resources in a research report on Thursday, January 11th. Jefferies Group upped their price target on EOG Resources from $95.00 to $99.00 and gave the company a hold rating in a research report on Tuesday, November 7th. Royal Bank of Canada set a $107.00 price target on EOG Resources and gave the company a hold rating in a research report on Tuesday, October 10th. Finally, Stifel Nicolaus set a $106.00 price target on EOG Resources and gave the company a buy rating in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. EOG Resources has a consensus rating of Buy and an average target price of $116.64.
EOG Resources (NYSE:EOG) traded up $4.29 during midday trading on Tuesday, hitting $106.76. The stock had a trading volume of 4,088,959 shares, compared to its average volume of 3,060,000. The company has a market capitalization of $61,730.00, a P/E ratio of 10,676.00, a price-to-earnings-growth ratio of 3.18 and a beta of 1.01. EOG Resources has a 52-week low of $81.99 and a 52-week high of $119.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were paid a $0.1675 dividend. The ex-dividend date of this dividend was Tuesday, January 16th. This represents a $0.67 dividend on an annualized basis and a yield of 0.63%. EOG Resources’s dividend payout ratio is currently 6,700.00%.
In related news, President Gary L. Thomas sold 2,000 shares of the stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $107.95, for a total transaction of $215,900.00. Following the completion of the sale, the president now directly owns 1,046,430 shares in the company, valued at approximately $112,962,118.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Timothy K. Driggers sold 8,871 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $105.45, for a total value of $935,446.95. Following the sale, the chief financial officer now owns 185,157 shares of the company’s stock, valued at $19,524,805.65. The disclosure for this sale can be found here. Insiders sold a total of 69,934 shares of company stock worth $7,820,085 over the last 90 days. Corporate insiders own 0.53% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Baker Ellis Asset Management LLC purchased a new stake in EOG Resources during the 3rd quarter valued at about $101,000. Clearbridge Investments LLC boosted its holdings in EOG Resources by 106.6% during the 4th quarter. Clearbridge Investments LLC now owns 1,101 shares of the energy exploration company’s stock valued at $119,000 after acquiring an additional 568 shares during the period. Chicago Partners Investment Group LLC boosted its holdings 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 valued at $108,000 after acquiring an additional 712 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in EOG Resources during the 4th quarter valued at about $123,000. Finally, Cerebellum GP LLC purchased a new stake in EOG Resources in the 4th quarter worth approximately $125,000. Institutional investors own 85.44% of the company’s stock.
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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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