EOG Resources (NYSE:EOG) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of EOG Resources (NYSE:EOG) from a hold rating to a buy rating in a research report released on Monday morning.

Several other research firms have also issued reports on EOG. Piper Sandler lifted their price objective on shares of EOG Resources from $153.00 to $154.00 and gave the company an overweight rating in a research note on Tuesday, May 14th. Wolfe Research began coverage on EOG Resources in a research note on Thursday, July 18th. They set a peer perform rating for the company. Citigroup increased their price objective on EOG Resources from $124.00 to $130.00 and gave the company a neutral rating in a report on Friday, May 24th. Royal Bank of Canada restated a sector perform rating and issued a $147.00 target price on shares of EOG Resources in a report on Wednesday, July 10th. Finally, Barclays began coverage on EOG Resources in a report on Wednesday, April 10th. They set an equal weight rating and a $144.00 price target on the stock. Fourteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources has an average rating of Hold and an average price target of $144.45.

EOG Resources Stock Up 3.0 %

EOG opened at $126.79 on Monday. The company has a market capitalization of $72.87 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. EOG Resources has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The business has a 50-day moving average of $124.61 and a 200-day moving average of $123.97.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.65% and a net margin of 30.33%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.49 earnings per share. Equities research analysts forecast that EOG Resources will post 12.13 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.87%. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Insider Transactions at EOG Resources

In related news, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the transaction, the executive vice president now directly owns 109,040 shares in the company, valued at $14,206,821.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the transaction, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the sale, the executive vice president now owns 109,040 shares in the company, valued at $14,206,821.60. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Institutional Trading of EOG Resources

Several institutional investors have recently bought and sold shares of the stock. Riverview Trust Co bought a new position in shares of EOG Resources during the second quarter valued at $27,000. MFA Wealth Advisors LLC acquired a new position in EOG Resources in the second quarter valued at about $28,000. Gladius Capital Management LP acquired a new position in EOG Resources in the second quarter valued at about $30,000. Sachetta LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth approximately $33,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of EOG Resources during the second quarter worth approximately $35,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

About EOG Resources

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.