EOG Resources Inc. (EOG) Shares Down 1.5%
EOG Resources Inc. (NYSE:EOG)’s share price fell 1.5% during trading on Monday . The company traded as low as $82.74 and last traded at $82.87, with a volume of 976,746 shares. The stock had previously closed at $84.10.
Several research firms have recently issued reports on EOG. Sanford C. Bernstein restated an “outperform” rating on shares of EOG Resources in a report on Tuesday, April 12th. Susquehanna downgraded shares of EOG Resources from a “positive” rating to a “neutral” rating in a report on Wednesday, May 11th. Vetr upgraded shares of EOG Resources from a “strong sell” rating to a “sell” rating and set a $64.84 price objective on the stock in a report on Thursday, March 31st. Deutsche Bank AG upped their price objective on shares of EOG Resources from $83.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, March 29th. Finally, Credit Agricole SA began coverage on shares of EOG Resources in a report on Wednesday, June 22nd. They set an “underperform” rating on the stock. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $82.50.
The stock’s market capitalization is $45.24 billion. The company’s 50-day moving average price is $82.66 and its 200 day moving average price is $75.50.
EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 5th. The energy exploration company reported ($0.83) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.84) by $0.01. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.70 billion. The firm’s revenue for the quarter was down 41.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 earnings per share. On average, equities analysts anticipate that EOG Resources Inc. will post ($1.85) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be given a dividend of $0.1675 per share. The ex-dividend date of this dividend is Wednesday, July 13th. This represents a $0.67 dividend on an annualized basis and a yield of 0.82%.
In other news, VP Ann D. Janssen sold 831 shares of the company’s stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $84.95, for a total value of $70,593.45. Following the sale, the vice president now directly owns 57,598 shares in the company, valued at $4,892,950.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lloyd W. Helms, Jr. sold 4,875 shares of the company’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of $81.82, for a total value of $398,872.50. Following the completion of the sale, the executive vice president now owns 59,032 shares in the company, valued at $4,829,998.24. The disclosure for this sale can be found here.
Other hedge funds recently modified their holdings of the company. Liberty Mutual Group Asset Management Inc. increased its stake in shares of EOG Resources by 3.2% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 59,470 shares of the energy exploration company’s stock valued at $4,210,000 after buying an additional 1,838 shares in the last quarter. American National Bank & Trust Co. VA increased its stake in shares of EOG Resources by 2.5% in the fourth quarter. American National Bank & Trust Co. VA now owns 25,339 shares of the energy exploration company’s stock valued at $1,793,000 after buying an additional 607 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of EOG Resources by 0.7% in the fourth quarter. Private Advisor Group LLC now owns 14,672 shares of the energy exploration company’s stock valued at $1,039,000 after buying an additional 103 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of EOG Resources by 5.3% in the fourth quarter. Baillie Gifford & Co. now owns 5,789,720 shares of the energy exploration company’s stock valued at $409,854,000 after buying an additional 292,452 shares in the last quarter. Finally, GAM Holding AG increased its stake in shares of EOG Resources by 1.0% in the fourth quarter. GAM Holding AG now owns 66,909 shares of the energy exploration company’s stock valued at $4,736,000 after buying an additional 655 shares in the last quarter.
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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