Royal Bank of Canada set a $120.00 target price on EOG Resources (NYSE:EOG) in a research report report published on Friday morning. The brokerage currently has a hold rating on the energy exploration company’s stock.
Other equities analysts have also issued research reports about the stock. TheStreet raised shares of EOG Resources from a c rating to a b rating in a report on Tuesday, February 27th. Argus boosted their price target on shares of EOG Resources to $133.00 and gave the company a buy rating in a report on Monday, January 8th. Robert W. Baird set a $122.00 price target on shares of EOG Resources and gave the company a buy rating in a report on Friday, January 5th. Citigroup raised shares of EOG Resources from a neutral rating to a buy rating and set a $125.00 price target for the company in a report on Wednesday, January 3rd. Finally, Zacks Investment Research raised shares of EOG Resources from a hold rating to a buy rating and set a $126.00 price target for the company in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $120.00.
EOG opened at $111.02 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 1.03. EOG Resources has a 52 week low of $81.99 and a 52 week high of $119.00. The firm has a market cap of $64,240.21, a price-to-earnings ratio of 99.13, a price-to-earnings-growth ratio of 3.31 and a beta of 1.05.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be paid a $0.185 dividend. The ex-dividend date is Friday, April 13th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.17. This represents a $0.74 dividend on an annualized basis and a yield of 0.67%. EOG Resources’s dividend payout ratio is presently 59.82%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Banco de Sabadell S.A acquired a new position in EOG Resources in the 4th quarter worth $109,000. Clearbridge Investments LLC boosted its stake in EOG Resources by 106.6% in the 4th quarter. Clearbridge Investments LLC now owns 1,101 shares of the energy exploration company’s stock worth $119,000 after purchasing an additional 568 shares during the period. Chicago Partners Investment Group LLC lifted its position in EOG Resources by 178.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock worth $108,000 after buying an additional 712 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in EOG Resources during the 4th quarter worth about $123,000. Finally, Cerebellum GP LLC bought a new stake in EOG Resources during the 4th quarter worth about $125,000. 85.66% of the stock is owned by hedge funds and other institutional investors.
EOG Resources Company Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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