EOG Resources Inc (NYSE:EOG) has received a consensus rating of “Buy” from the twenty-nine analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $116.72.
EOG has been the subject of several research analyst reports. Zacks Investment Research raised EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a report on Monday, January 15th. Credit Suisse Group initiated coverage on EOG Resources in a report on Monday, December 11th. They issued a “neutral” rating and a $106.00 price objective for the company. Robert W. Baird cut their price objective on EOG Resources from $115.00 to $114.00 and set an “outperform” rating for the company in a report on Monday, December 18th. Citigroup raised EOG Resources from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Wednesday, January 3rd. Finally, Barclays lifted their price objective on EOG Resources from $101.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th.
Shares of EOG Resources (NYSE EOG) opened at $108.27 on Wednesday. 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 fifty-two week low of $81.99 and a fifty-two week high of $119.00. The company has a market capitalization of $62,600.00, a price-to-earnings ratio of 10,827.00, a P/E/G ratio of 3.83 and a beta of 1.01.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were issued a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a yield of 0.62%. The ex-dividend date was Tuesday, January 16th. EOG Resources’s dividend payout ratio is presently 6,700.00%.
In other EOG Resources news, CFO Timothy K. Driggers sold 8,871 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $105.45, for a total transaction of $935,446.95. Following the completion of the sale, the chief financial officer now owns 185,157 shares of the company’s stock, valued at $19,524,805.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 1,741 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $106.00, for a total value of $184,546.00. Following the sale, the executive vice president now directly owns 75,118 shares of the company’s stock, valued at approximately $7,962,508. The disclosure for this sale can be found here. Insiders have sold 69,934 shares of company stock valued at $7,820,085 in the last three months. 0.53% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of EOG Resources by 0.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 88,887 shares of the energy exploration company’s stock worth $9,860,000 after acquiring an additional 735 shares during the period. First National Bank of Omaha boosted its stake in shares of EOG Resources by 6.0% in the fourth quarter. First National Bank of Omaha now owns 144,849 shares of the energy exploration company’s stock worth $15,470,000 after acquiring an additional 8,171 shares during the period. Archon Partners LLC bought a new position in shares of EOG Resources in the fourth quarter worth about $6,982,000. Essex Investment Management Co. LLC boosted its stake in shares of EOG Resources by 19.9% in the fourth quarter. Essex Investment Management Co. LLC now owns 57,475 shares of the energy exploration company’s stock worth $6,202,000 after acquiring an additional 9,530 shares during the period. Finally, QCI Asset Management Inc. NY boosted its stake in shares of EOG Resources by 254.0% in the fourth quarter. QCI Asset Management Inc. NY now owns 2,301 shares of the energy exploration company’s stock worth $248,000 after acquiring an additional 1,651 shares during the period. 85.59% of the stock is owned by hedge funds and other institutional investors.
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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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