EOG Resources, Inc. (NYSE:EOG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of EOG Resources, Inc. (NYSE:EOG) have received an average rating of “Hold” from the twenty-two ratings firms that are presently covering the firm, Marketbeat Ratings reports. Thirteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $141.20.

A number of research analysts have recently weighed in on EOG shares. Evercore ISI cut their price target on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. Scotiabank cut their target price on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Susquehanna decreased their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Barclays cut their price target on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, September 12th.

EOG Resources Price Performance

Shares of EOG stock opened at $123.17 on Wednesday. The firm has a market cap of $70.03 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 3.26 and a beta of 1.28. EOG Resources has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $125.95 and a 200 day moving average price of $126.66.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. During the same quarter in the previous year, the company earned $2.49 EPS. EOG Resources’s revenue was up 8.1% on a year-over-year basis. Research analysts expect that EOG Resources will post 11.71 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.96%. EOG Resources’s dividend payout ratio (DPR) is presently 28.11%.

Insider Buying and Selling

In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the transaction, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EOG. Northwest Investment Counselors LLC bought a new position in EOG Resources during the third quarter worth about $26,000. Riverview Trust Co bought a new stake in EOG Resources in the 2nd quarter valued at $27,000. MFA Wealth Advisors LLC acquired a new stake in EOG Resources during the 2nd quarter valued at $28,000. Eastern Bank bought a new position in EOG Resources during the third quarter worth $28,000. Finally, Gladius Capital Management LP acquired a new position in shares of EOG Resources in the second quarter valued at $30,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.