Research Analysts’ Recent Ratings Updates for EOG Resources (EOG)

Several analysts have recently updated their ratings and price targets for EOG Resources (NYSE: EOG):

  • 1/31/2019 – EOG Resources is now covered by analysts at KeyCorp. They set a “sector weight” rating on the stock.
  • 1/30/2019 – EOG Resources had its “hold” rating reaffirmed by analysts at Jefferies Financial Group Inc. They now have a $105.00 price target on the stock.
  • 1/29/2019 – EOG Resources was given a new $106.00 price target on by analysts at Morgan Stanley. They now have a “hold” rating on the stock.
  • 1/25/2019 – EOG Resources was given a new $116.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 1/23/2019 – EOG Resources was given a new $124.00 price target on by analysts at Raymond James. They now have a “buy” rating on the stock.
  • 1/10/2019 – EOG Resources was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 1/9/2019 – EOG Resources had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $106.00 price target on the stock.
  • 1/7/2019 – EOG Resources was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/4/2019 – EOG Resources was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating. They now have a $115.00 price target on the stock.
  • 12/25/2018 – EOG Resources was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 12/17/2018 – EOG Resources is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $130.00 price target on the stock.

Shares of EOG Resources stock opened at $92.50 on Monday. The firm has a market cap of $53.64 billion, a PE ratio of 82.59, a price-to-earnings-growth ratio of 1.49 and a beta of 1.34. EOG Resources Inc has a 1-year low of $82.04 and a 1-year high of $133.53. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 1.09.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 31st. Stockholders of record on Thursday, January 17th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Wednesday, January 16th. EOG Resources’s dividend payout ratio is presently 78.57%.

In other news, Director Frank G. Wisner sold 3,150 shares of EOG Resources stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $92.60, for a total transaction of $291,690.00. Following the transaction, the director now owns 116,586 shares in the company, valued at approximately $10,795,863.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ezra Y. Yacob sold 2,388 shares of EOG Resources stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $98.77, for a total transaction of $235,862.76. Following the transaction, 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. Company insiders own 0.51% of the company’s stock.

Several large investors have recently added to or reduced their stakes in EOG. Athena Capital Advisors LLC purchased a new position in EOG Resources during the fourth quarter worth about $46,000. Legacy Financial Advisors Inc. lifted its position in shares of EOG Resources by 108.3% during the 4th quarter. Legacy Financial Advisors Inc. now owns 552 shares of the energy exploration company’s stock worth $48,000 after buying an additional 287 shares during the last quarter. Proficio Capital Partners LLC raised its position in 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 last quarter. Enlightenment Research LLC acquired a new position in EOG Resources in the 4th quarter valued at $52,000. Finally, Cornerstone Advisors Inc. grew its stake in shares of EOG Resources by 41.2% during the 3rd quarter. Cornerstone Advisors Inc. now owns 490 shares of the energy exploration company’s stock worth $63,000 after purchasing an additional 143 shares during the period. Hedge funds and other institutional investors own 86.41% of the company’s stock.

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.

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