Societe Generale Lowers EOG Resources Inc. (EOG) to Hold
Other analysts have also issued research reports about the company. Barclays PLC increased their target price on EOG Resources from $83.00 to $84.00 and gave the company an overweight rating in a report on Thursday, July 14th. Royal Bank Of Canada increased their target price on EOG Resources from $95.00 to $98.00 and gave the company a sector perform rating in a report on Wednesday, September 7th. Credit Agricole SA increased their target price on EOG Resources from $93.00 to $98.00 and gave the company an underperform rating in a report on Wednesday, September 7th. FBR & Co assumed coverage on EOG Resources in a report on Tuesday, September 13th. They issued an outperform rating and a $108.00 target price for the company. Finally, Credit Suisse Group AG restated a hold rating and issued a $90.00 target price on shares of EOG Resources in a report on Monday, September 12th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $91.96.
Shares of EOG Resources (NYSE:EOG) opened at 97.38 on Monday. The stock’s market cap is $53.62 billion. The stock has a 50 day moving average price of $91.83 and a 200-day moving average price of $83.68. EOG Resources has a 12 month low of $57.15 and a 12 month high of $98.32.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, August 5th. The energy exploration company reported ($0.38) EPS for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.10. EOG Resources had a negative return on equity of 6.32% and a negative net margin of 72.18%. The company earned $1.78 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the firm earned $0.28 EPS. The company’s quarterly revenue was down 28.1% compared to the same quarter last year. On average, analysts forecast that EOG Resources will post ($1.67) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be paid a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Thursday, October 13th. EOG Resources’s dividend payout ratio (DPR) is currently -7.14%.
In related news, CEO William R. Thomas sold 16,581 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $92.86, for a total value of $1,539,711.66. Following the completion of the sale, the chief executive officer now owns 502,766 shares of the company’s stock, valued at $46,686,850.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David W. Trice sold 4,600 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $97.08, for a total transaction of $446,568.00. Following the completion of the sale, the executive vice president now directly owns 62,050 shares of the company’s stock, valued at approximately $6,023,814. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of EOG. Tortoise Investment Management LLC bought a new stake in shares of EOG Resources during the second quarter worth $100,000. Lenox Wealth Management Inc. raised its stake in shares of EOG Resources by 53.6% in the second quarter. Lenox Wealth Management Inc. now owns 1,465 shares of the energy exploration company’s stock worth $122,000 after buying an additional 511 shares in the last quarter. Pinkerton Retirement Specialists LLC raised its stake in shares of EOG Resources by 819.1% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,489 shares of the energy exploration company’s stock worth $124,000 after buying an additional 1,327 shares in the last quarter. Citizens Financial Group Inc RI raised its stake in shares of EOG Resources by 2.3% in the second quarter. Citizens Financial Group Inc RI now owns 1,680 shares of the energy exploration company’s stock worth $140,000 after buying an additional 38 shares in the last quarter. Finally, Cypress Capital Management LLC WY bought a new stake in shares of EOG Resources during the second quarter worth $160,000. 89.44% of the stock is owned by institutional investors and hedge funds.
EOG Resources Company Profile
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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