EOG Resources, Inc. (NYSE:EOG) Receives Average Rating of "Hold" from Brokerages

Shares of EOG Resources, Inc. (NYSE:EOG - Get Free Report) have received an average rating of "Hold" from the twenty-one research firms that are covering the company, Marketbeat.com reports. Thirteen analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $142.89.

EOG has been the topic of several recent analyst reports. UBS Group decreased their target price on shares of EOG Resources from $167.00 to $154.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. StockNews.com downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Monday, September 16th. Sanford C. Bernstein reduced their target price on EOG Resources from $139.00 to $125.00 and set a "market perform" rating on the stock in a report on Wednesday, July 17th. Wolfe Research began coverage on EOG Resources in a report on Thursday, July 18th. They set a "peer perform" rating for the company. Finally, JPMorgan Chase & Co. dropped their price objective on EOG Resources from $143.00 to $135.00 and set a "neutral" rating for the company in a research report on Thursday, September 12th.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares of the company's stock, valued at $4,434,135.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Michael P. Donaldson sold 11,037 shares of the business's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock worth $2,751,612 over the last ninety days. 0.30% of the stock is owned by insiders.

Institutional Trading of EOG Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of EOG Resources by 0.3% during the first quarter. Vanguard Group Inc. now owns 54,275,932 shares of the energy exploration company's stock valued at $6,938,635,000 after acquiring an additional 146,674 shares in the last quarter. Capital Research Global Investors grew its position in EOG Resources by 1.3% in the 1st quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company's stock valued at $3,693,261,000 after purchasing an additional 373,365 shares during the period. Capital World Investors grew its position in EOG Resources by 5.4% in the 1st quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company's stock valued at $3,423,869,000 after purchasing an additional 1,361,538 shares during the period. Ameriprise Financial Inc. increased its stake in EOG Resources by 2.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,311,541 shares of the energy exploration company's stock valued at $1,549,098,000 after purchasing an additional 260,727 shares in the last quarter. Finally, Capital International Investors raised its holdings in EOG Resources by 7.1% during the first quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company's stock worth $1,478,401,000 after buying an additional 766,056 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Price Performance

Shares of EOG stock traded up $2.07 during trading on Friday, hitting $122.44. The company had a trading volume of 3,273,020 shares, compared to its average volume of 3,230,151. The stock's 50-day moving average price is $124.94 and its 200 day moving average price is $126.72. EOG Resources has a one year low of $108.94 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The firm has a market capitalization of $70.37 billion, a P/E ratio of 9.67, a price-to-earnings-growth ratio of 3.27 and a beta of 1.28.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating analysts' consensus estimates of $2.98 by $0.18. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.49 EPS. Equities analysts expect that EOG Resources will post 11.91 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.97%. The ex-dividend date is Thursday, October 17th. EOG Resources's dividend payout ratio is currently 28.75%.

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.