EOG Resources (NYSE:EOG) has been given a consensus recommendation of “Buy” by the twenty-seven ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $119.39.
Several research firms have recently commented on EOG. Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 price target for the company in a research report on Monday, January 15th. Imperial Capital set a $145.00 price target on shares of EOG Resources and gave the company an “outperform” rating in a research report on Thursday, March 1st. Morgan Stanley reduced their price target on shares of EOG Resources from $142.00 to $116.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Royal Bank of Canada reissued a “hold” rating and issued a $112.00 target price on shares of EOG Resources in a report on Thursday, March 1st. Finally, ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Friday, March 23rd.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. grew its holdings in EOG Resources by 9.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 13,072 shares of the energy exploration company’s stock valued at $1,411,000 after buying an additional 1,136 shares in the last quarter. Ackerman Capital Advisors LLC purchased a new stake in EOG Resources during the 4th quarter valued at approximately $1,199,000. Rehmann Capital Advisory Group purchased a new stake in EOG Resources during the 4th quarter valued at approximately $222,000. Xact Kapitalforvaltning AB grew its holdings in EOG Resources by 14.1% during the 4th quarter. Xact Kapitalforvaltning AB now owns 56,652 shares of the energy exploration company’s stock valued at $6,113,000 after buying an additional 6,991 shares in the last quarter. Finally, CNB Bank purchased a new stake in EOG Resources during the 4th quarter valued at approximately $313,000. 85.66% of the stock is owned by institutional investors and hedge funds.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, February 27th. The energy exploration company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.30. EOG Resources had a net margin of 23.04% and a return on equity of 4.47%. The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.03 billion. sell-side analysts forecast that EOG Resources will post 4.48 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 16th will be issued a dividend of $0.185 per share. 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 0.65%. The ex-dividend date is Friday, April 13th. EOG Resources’s dividend payout ratio (DPR) is 66.07%.
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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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