BMO Capital Markets reaffirmed their buy rating on shares of EOG Resources Inc (NYSE:EOG) in a report published on Tuesday morning.
Several other equities analysts have also recently weighed in on the stock. Royal Bank of Canada reiterated a hold rating and set a $109.00 price objective on shares of EOG Resources in a research report on Tuesday, April 25th. Iberia Capital lifted their price objective on shares of EOG Resources from $109.00 to $119.00 and gave the stock an outperform rating in a research report on Monday, April 3rd. Scotiabank set a $104.00 price objective on shares of EOG Resources and gave the stock a hold rating in a research report on Monday, March 27th. Tudor Pickering raised shares of EOG Resources from a hold rating to a buy rating in a research note on Monday, March 6th. Finally, KLR Group reaffirmed a buy rating and issued a $128.00 price objective on shares of EOG Resources in a research note on Wednesday, March 1st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. EOG Resources presently has an average rating of Buy and an average price target of $105.85.
Shares of EOG Resources (NYSE:EOG) opened at 94.28 on Tuesday. The firm’s market cap is $54.42 billion. The company has a 50 day moving average price of $94.72 and a 200-day moving average price of $98.06. EOG Resources has a 12-month low of $77.66 and a 12-month high of $109.37.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Monday, May 8th. The energy exploration company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. EOG Resources had a negative net margin of 17.58% and a negative return on equity of 8.42%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the company posted ($0.83) EPS. The company’s quarterly revenue was up 92.8% compared to the same quarter last year. Analysts expect that EOG Resources will post $1.30 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be given a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Thursday, July 13th. EOG Resources’s dividend payout ratio is -29.65%.
In other news, Director Charles R. Crisp sold 2,593 shares of the stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $100.02, for a total transaction of $259,351.86. Following the completion of the sale, the director now owns 49,613 shares of the company’s stock, valued at $4,962,292.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank G. Wisner sold 28,000 shares of the stock in a transaction on Monday, March 27th. The stock was sold at an average price of $93.35, for a total transaction of $2,613,800.00. Following the sale, the director now directly owns 136,282 shares of the company’s stock, valued at approximately $12,721,924.70. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the company. AMP Capital Investors Ltd increased its position in EOG Resources by 14.6% in the third quarter. AMP Capital Investors Ltd now owns 230,713 shares of the energy exploration company’s stock worth $21,930,000 after buying an additional 29,440 shares during the period. Banque Pictet & Cie SA increased its position in EOG Resources by 2.0% in the third quarter. Banque Pictet & Cie SA now owns 366,266 shares of the energy exploration company’s stock worth $35,422,000 after buying an additional 7,225 shares during the period. UBS Asset Management Americas Inc. increased its position in EOG Resources by 2.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,185,625 shares of the energy exploration company’s stock worth $322,067,000 after buying an additional 70,513 shares during the period. Baird Financial Group Inc. increased its position in EOG Resources by 43.4% in the fourth quarter. Baird Financial Group Inc. now owns 139,512 shares of the energy exploration company’s stock worth $14,105,000 after buying an additional 42,205 shares during the period. Finally, First Citizens Bank & Trust Co. acquired a new position in EOG Resources during the first quarter worth $3,612,000. 85.49% of the stock is owned by institutional investors.
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.