Piper Jaffray Companies reiterated their buy rating on shares of EOG Resources (NYSE:EOG) in a research report sent to investors on Tuesday. Piper Jaffray Companies currently has a $118.00 price target on the energy exploration company’s stock.
Other equities research analysts also recently issued reports about the stock. Jefferies Group raised their target price on shares of EOG Resources from $95.00 to $99.00 and gave the company a hold rating in a research note on Tuesday, November 7th. Royal Bank of Canada set a $107.00 target price on shares of EOG Resources and gave the company a hold rating in a research note on Tuesday, October 10th. Stifel Nicolaus set a $106.00 target price on shares of EOG Resources and gave the company a buy rating in a research note on Thursday, October 5th. Barclays raised their target price on shares of EOG Resources from $117.00 to $120.00 and gave the company an overweight rating in a research note on Monday, November 20th. Finally, Robert W. Baird lowered their target price on shares of EOG Resources from $115.00 to $114.00 and set an outperform rating for the company in a research note on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. EOG Resources has a consensus rating of Buy and an average price target of $113.75.
Shares of EOG Resources (EOG) traded up $0.30 on Tuesday, reaching $112.01. 4,750,000 shares of the company’s stock traded hands, compared to its average volume of 2,380,000. The firm has a market capitalization of $64,770.00, a P/E ratio of 11,201.00, a price-to-earnings-growth ratio of 5.11 and a beta of 0.98. EOG Resources has a 52 week low of $81.99 and a 52 week high of $113.75. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46.
EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. EOG Resources’s revenue was up 24.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.40) earnings per share. research analysts anticipate that EOG Resources will post 0.88 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be issued a dividend of $0.1675 per share. The ex-dividend date is Tuesday, January 16th. This represents a $0.67 annualized dividend and a dividend yield of 0.60%. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.
In related news, CFO Timothy K. Driggers sold 8,871 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $105.45, for a total transaction of $935,446.95. Following the completion of the transaction, the chief financial officer now owns 185,157 shares of the company’s stock, valued at $19,524,805.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP David W. Trice sold 3,114 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $106.65, for a total transaction of $332,108.10. Following the transaction, the executive vice president now directly owns 80,415 shares of the company’s stock, valued at approximately $8,576,259.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 133,726 shares of company stock valued at $1,921,181. 0.53% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Baker Ellis Asset Management LLC purchased a new position in EOG Resources in the third quarter valued at $101,000. Chicago Partners Investment Group LLC increased its holdings in EOG Resources by 178.0% in the third quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after buying an additional 712 shares in the last quarter. Fis Group Inc. purchased a new position in EOG Resources in the third quarter valued at $130,000. Quantbot Technologies LP purchased a new position in EOG Resources in the third quarter valued at $153,000. Finally, Zions Bancorporation increased its holdings in EOG Resources by 5,268.6% in the third quarter. Zions Bancorporation now owns 1,879 shares of the energy exploration company’s stock valued at $182,000 after buying an additional 1,844 shares in the last quarter. 85.25% 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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