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

Shares of EOG Resources, Inc. (NYSE:EOGGet Free Report) have been given a consensus recommendation of “Hold” by the thirty ratings firms that are covering the company, MarketBeat reports. Eighteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $140.8148.

EOG has been the topic of a number of research reports. Roth Mkm restated a “neutral” rating and issued a $110.00 price objective on shares of EOG Resources in a report on Wednesday, February 25th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $126.00 target price (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. Raymond James Financial raised their price target on shares of EOG Resources from $153.00 to $157.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 13th. Stephens boosted their price target on shares of EOG Resources from $138.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Finally, Jefferies Financial Group upped their price objective on shares of EOG Resources from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, March 2nd.

Read Our Latest Stock Analysis on EOG Resources

Insider Buying and Selling

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total value of $260,000.00. Following the completion of the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $11,445,850. The trade was a 2.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 12,532 shares of company stock valued at $1,666,045 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Capital World Investors raised its stake in EOG Resources by 1.4% during the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after purchasing an additional 782,426 shares during the period. Vanguard Group Inc. boosted its holdings in EOG Resources by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock valued at $5,651,172,000 after purchasing an additional 446,341 shares during the last quarter. State Street Corp grew its stake in shares of EOG Resources by 0.3% in the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock valued at $3,209,365,000 after buying an additional 100,080 shares during the period. Capital Research Global Investors increased its holdings in shares of EOG Resources by 0.5% during the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock worth $2,794,784,000 after buying an additional 122,486 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of EOG Resources by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock worth $2,099,028,000 after buying an additional 371,548 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

NYSE:EOG opened at $144.38 on Wednesday. The stock has a 50 day moving average of $124.99 and a two-hundred day moving average of $114.21. EOG Resources has a 12 month low of $101.59 and a 12 month high of $151.87. The firm has a market cap of $77.35 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 3.12 and a beta of 0.44. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOGGet Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same period in the previous year, the company posted $2.74 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, analysts expect that EOG Resources will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, April 16th. EOG Resources’s payout ratio is currently 44.79%.

More EOG Resources News

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EOG Resources Company Profile

(Get Free Report)

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

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Analyst Recommendations for EOG Resources (NYSE:EOG)

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