EOG Resources Inc (EOG) Receives $122.45 Average PT from Brokerages
Shares of EOG Resources Inc (NYSE:EOG) have been assigned an average rating of “Buy” from the twenty-six brokerages that are covering the company, MarketBeat.com reports. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $122.45.
A number of analysts have recently commented on EOG shares. Piper Jaffray Companies reissued a “buy” rating and set a $106.00 price target on shares of EOG Resources in a research note on Wednesday, January 9th. SunTrust Banks began coverage on EOG Resources in a research report on Monday, December 17th. They set a “buy” rating and a $130.00 price objective for the company. MKM Partners began coverage on EOG Resources in a research report on Wednesday, December 5th. They set a “buy” rating and a $133.00 price objective for the company. Robert W. Baird restated a “buy” rating and set a $133.00 price objective on shares of EOG Resources in a research report on Monday, December 3rd. Finally, JPMorgan Chase & Co. set a $116.00 price objective on EOG Resources and gave the stock a “buy” rating in a research report on Friday, January 25th.
Shares of EOG stock traded up $0.98 during mid-day trading on Thursday, reaching $96.87. 5,382,186 shares of the stock traded hands, compared to its average volume of 4,092,985. EOG Resources has a 1-year low of $82.04 and a 1-year high of $133.53. The firm has a market capitalization of $53.88 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 1.42 and a beta of 1.26. The company has a current ratio of 1.36, a quick ratio of 1.13 and a debt-to-equity ratio of 0.27.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.88 dividend on an annualized basis and a yield of 0.91%. EOG Resources’s payout ratio is currently 15.88%.
In other EOG Resources news, Director Frank G. Wisner sold 1,296 shares of EOG Resources stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total value of $113,114.88. Following the completion of the sale, the director now directly owns 120,052 shares in the company, valued at $10,478,138.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ezra Y. Yacob sold 2,388 shares of EOG Resources stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $98.77, for a total value of $235,862.76. Following the completion of the sale, the executive vice president now owns 45,424 shares of the company’s stock, valued at $4,486,528.48. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Capital International Investors increased its holdings in shares of EOG Resources by 340.9% during the third quarter. Capital International Investors now owns 20,306,554 shares of the energy exploration company’s stock valued at $2,590,507,000 after acquiring an additional 15,701,069 shares in the last quarter. Norges Bank bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $504,826,000. Oregon Public Employees Retirement Fund increased its holdings in shares of EOG Resources by 8,562.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,498,242 shares of the energy exploration company’s stock valued at $63,000 after acquiring an additional 5,434,773 shares in the last quarter. FMR LLC increased its holdings in shares of EOG Resources by 4.1% during the third quarter. FMR LLC now owns 26,769,668 shares of the energy exploration company’s stock valued at $3,415,007,000 after acquiring an additional 1,059,509 shares in the last quarter. Finally, Eaton Vance Management increased its holdings in shares of EOG Resources by 27.4% during the fourth quarter. Eaton Vance Management now owns 3,972,235 shares of the energy exploration company’s stock valued at $346,418,000 after acquiring an additional 855,469 shares in the last quarter. Institutional investors and hedge funds own 86.75% of the company’s stock.
About EOG Resources
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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