EOG Resources' (EOG) "Sector Perform" Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of EOG Resources (NYSE:EOG - Free Report) in a research note published on Monday, Benzinga reports. Royal Bank of Canada currently has a $145.00 price target on the energy exploration company's stock.

Several other research analysts also recently commented on the company. Evercore ISI cut their target price on EOG Resources from $150.00 to $145.00 and set an outperform rating for the company in a research note on Monday, September 30th. Barclays reduced their price objective on shares of EOG Resources from $144.00 to $137.00 and set an equal weight rating for the company in a research note on Thursday, October 3rd. Susquehanna lowered their price target on EOG Resources from $159.00 to $158.00 and set a positive rating on the stock in a report on Wednesday, September 4th. JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $143.00 to $135.00 and set a neutral rating for the company in a research report on Thursday, September 12th. Finally, StockNews.com downgraded shares of EOG Resources from a buy rating to a hold rating in a research note on Monday, September 16th. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, EOG Resources presently has a consensus rating of Hold and an average price target of $141.55.

EOG Resources Stock Performance

Shares of EOG traded down $0.98 during trading hours on Monday, hitting $131.47. The company's stock had a trading volume of 1,697,776 shares, compared to its average volume of 3,189,869. The business has a 50 day simple moving average of $125.89 and a two-hundred day simple moving average of $127.15. EOG Resources has a 52-week low of $108.94 and a 52-week high of $139.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. The company has a market cap of $75.56 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 3.38 and a beta of 1.28.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data 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 business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. EOG Resources's revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.49 EPS. On average, equities analysts expect that EOG Resources will post 11.83 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.77%. EOG Resources's dividend payout ratio (DPR) is presently 28.75%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 completion of the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at $4,434,135.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the transaction, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. The trade was a 0.00 % 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. Also, EVP Michael P. Donaldson sold 11,037 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares of the company's stock, valued at $9,615,375. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EOG Resources

Institutional investors have recently made changes to their positions in the stock. Cape ANN Savings Bank lifted its holdings in shares of EOG Resources by 0.9% during the 3rd quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company's stock worth $1,067,000 after acquiring an additional 79 shares during the period. Wright Investors Service Inc. raised its position in shares of EOG Resources by 0.8% in the 1st quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company's stock worth $1,299,000 after buying an additional 80 shares during the period. CVA Family Office LLC boosted its holdings in EOG Resources by 11.0% in the second quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company's stock valued at $103,000 after acquiring an additional 81 shares during the last quarter. Bailard Inc. increased its stake in EOG Resources by 0.4% during the second quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company's stock worth $2,505,000 after acquiring an additional 81 shares during the last quarter. Finally, Field & Main Bank raised its holdings in shares of EOG Resources by 1.4% in the 1st quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company's stock worth $788,000 after purchasing an additional 83 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

About EOG Resources

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.