EOG Resources, Inc. (NYSE:EOG – Get Free Report) has earned an average rating of “Moderate Buy” from the thirty research firms that are covering the firm, Marketbeat.com reports. Sixteen research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $155.0357.
A number of research analysts have weighed in on the company. Capital One Financial reduced their target price on EOG Resources from $161.00 to $159.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. UBS Group dropped their price target on EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. The Goldman Sachs Group decreased their price objective on EOG Resources from $139.00 to $129.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Wall Street Zen upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Williams Trading set a $177.00 price target on shares of EOG Resources in a research note on Monday, April 20th.
View Our Latest Analysis on EOG Resources
EOG Resources Trading Up 0.7%
EOG Resources (NYSE:EOG – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the previous year, the company earned $2.87 earnings per share. EOG Resources’s quarterly revenue was up 22.1% on a year-over-year basis. Equities analysts predict that EOG Resources will post 16.19 EPS for the current year.
EOG Resources Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is 40.16%.
Institutional Trading of EOG Resources
Several hedge funds have recently bought and sold shares of the stock. Summitry LLC lifted its position in shares of EOG Resources by 1.5% during the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock valued at $699,000 after buying an additional 73 shares in the last quarter. Twin Capital Management Inc. raised its stake in EOG Resources by 0.3% during the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock worth $3,467,000 after acquiring an additional 79 shares during the period. Sax Wealth Advisors LLC raised its stake in EOG Resources by 2.8% during the 2nd quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company’s stock worth $377,000 after acquiring an additional 79 shares during the period. Paladin Wealth LLC lifted its holdings in EOG Resources by 5.3% during the second quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company’s stock valued at $207,000 after purchasing an additional 80 shares in the last quarter. Finally, Hardy Reed LLC lifted its holdings in EOG Resources by 3.8% during the first quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock valued at $325,000 after purchasing an additional 82 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.
About EOG Resources
EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).
As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.
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