EOG Resources, Inc. (NYSE:EOG) Given Average Rating of “Moderate Buy” by Brokerages

EOG Resources, Inc. (NYSE:EOG) has earned a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are currently covering the firm, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $140.63.

EOG has been the subject of several research analyst reports. Williams Trading set a $154.00 target price on shares of EOG Resources in a research note on Wednesday, March 5th. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Raymond James reaffirmed a “strong-buy” rating and set a $140.00 target price on shares of EOG Resources in a research note on Monday, April 21st. KeyCorp lowered their target price on shares of EOG Resources from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. Finally, Wells Fargo & Company lowered their target price on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th.

EOG Resources Trading Down 0.4%

Shares of EOG stock opened at $115.43 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm has a market cap of $63.00 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a 50-day moving average of $115.84 and a two-hundred day moving average of $124.30. EOG Resources has a 1-year low of $102.52 and a 1-year high of $138.18.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. EOG Resources’s revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.82 earnings per share. On average, analysts predict that EOG Resources will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a yield of 3.38%. EOG Resources’s dividend payout ratio is currently 36.18%.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Mountain Lake Investment Management LLC purchased a new position in EOG Resources in the fourth quarter worth approximately $735,000. Silvercrest Asset Management Group LLC lifted its position in shares of EOG Resources by 14.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company’s stock worth $101,256,000 after buying an additional 106,677 shares during the last quarter. Oak Ridge Investments LLC lifted its position in shares of EOG Resources by 5.9% during the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock worth $5,059,000 after buying an additional 2,311 shares during the last quarter. Tobam purchased a new stake in shares of EOG Resources during the 4th quarter worth approximately $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of EOG Resources by 161.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company’s stock worth $550,000 after buying an additional 2,773 shares during the last quarter. Hedge funds and other 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.