EOG Resources, Inc. (NYSE:EOG) Receives Average Rating of “Hold” from Analysts

EOG Resources, Inc. (NYSE:EOG) has been given a consensus recommendation of “Hold” by the twenty-eight brokerages that are covering the firm, MarketBeat reports. Sixteen analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $140.3333.

A number of research analysts have commented on EOG shares. Melius Research started coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price on the stock. KeyCorp cut their price objective on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, September 3rd. Scotiabank restated a “sector perform” rating and set a $130.00 target price on shares of EOG Resources in a report on Friday, September 26th. Jefferies Financial Group set a $145.00 target price on EOG Resources in a research report on Sunday, October 12th. Finally, Sanford C. Bernstein reduced their price target on EOG Resources from $146.00 to $144.00 and set a “market perform” rating for the company in a research report on Friday, November 21st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. StrongBox Wealth LLC boosted its stake in EOG Resources by 1.9% in the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock valued at $576,000 after acquiring an additional 88 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after purchasing an additional 88 shares during the last quarter. Ameriflex Group Inc. boosted its position in shares of EOG Resources by 31.6% in the 2nd quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock worth $46,000 after purchasing an additional 91 shares in the last quarter. Hemington Wealth Management grew its stake in EOG Resources by 7.2% during the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock worth $155,000 after buying an additional 93 shares during the last quarter. Finally, Bollard Group LLC increased its position in EOG Resources by 0.8% during the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after buying an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 0.8%

Shares of NYSE EOG opened at $106.27 on Thursday. EOG Resources has a twelve month low of $102.52 and a twelve month high of $138.18. The firm has a market cap of $57.66 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. The business has a fifty day simple moving average of $109.14 and a two-hundred day simple moving average of $115.30. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.89 EPS. Analysts expect that EOG Resources will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a $1.02 dividend. The ex-dividend date is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.8%. EOG Resources’s payout ratio is currently 40.64%.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.