EOG Resources (NYSE:EOG) had its target price cut by MKM Partners from $121.00 to $109.00 in a report issued on Thursday, The Fly reports. They currently have a buy rating on the energy exploration company’s stock.
A number of other equities analysts have also weighed in on EOG. Robert W. Baird reissued a buy rating and set a $126.00 price objective on shares of EOG Resources in a research note on Wednesday. Morgan Stanley decreased their price target on EOG Resources from $106.00 to $100.00 and set an equal weight rating on the stock in a research note on Wednesday. ValuEngine raised EOG Resources from a sell rating to a hold rating in a research note on Tuesday, November 20th. Guggenheim reaffirmed a buy rating and issued a $126.00 price target on shares of EOG Resources in a research note on Friday, February 22nd. Finally, BMO Capital Markets set a $115.00 price target on EOG Resources and gave the company a buy rating in a research note on Monday, November 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the company. EOG Resources presently has a consensus rating of Buy and an average price target of $127.96.
Shares of EOG traded up $2.42 during trading hours on Thursday, hitting $96.42. 236,843 shares of the stock were exchanged, compared to its average volume of 3,421,371. The stock has a market capitalization of $54.51 billion, a price-to-earnings ratio of 86.09, a PEG ratio of 1.54 and a beta of 1.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 1.09. EOG Resources has a 12-month low of $82.04 and a 12-month high of $133.53.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.10). The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.44 billion. EOG Resources had a return on equity of 16.79% and a net margin of 30.90%. The business’s quarterly revenue was up 36.9% on a year-over-year basis. During the same period last year, the firm posted $0.69 EPS. On average, analysts predict that EOG Resources will post 5.68 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.88 annualized dividend and a dividend yield of 0.91%. EOG Resources’s dividend payout ratio is presently 78.57%.
In other EOG Resources news, Director Frank G. Wisner sold 3,150 shares of the company’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $92.60, for a total transaction of $291,690.00. Following the sale, the director now owns 116,586 shares in the company, valued at approximately $10,795,863.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ezra Y. Yacob sold 2,388 shares of the company’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $98.77, for a total value of $235,862.76. Following the sale, the executive vice president now owns 45,424 shares in the company, valued at approximately $4,486,528.48. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Athena Capital Advisors LLC acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $46,000. Legacy Financial Advisors Inc. boosted its position in shares of EOG Resources by 108.3% in the 4th quarter. Legacy Financial Advisors Inc. now owns 552 shares of the energy exploration company’s stock valued at $48,000 after purchasing an additional 287 shares during the period. Proficio Capital Partners LLC boosted its position in shares of EOG Resources by 30.8% in the 4th quarter. Proficio Capital Partners LLC now owns 565 shares of the energy exploration company’s stock valued at $49,000 after purchasing an additional 133 shares during the period. Enlightenment Research LLC acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $52,000. Finally, Cornerstone Advisors Inc. boosted its position in shares of EOG Resources by 41.2% in the 3rd quarter. Cornerstone Advisors Inc. now owns 490 shares of the energy exploration company’s stock valued at $63,000 after purchasing an additional 143 shares during the period. Institutional investors own 85.38% of the company’s stock.
EOG Resources Company Profile
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 United Kingdom, the People's Republic of China, and Canada.
Further Reading: How a Back-End Load Mutual Fund Works