EOG Resources (NYSE:EOG) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of EOG Resources (NYSE:EOG) from a hold rating to a buy rating in a research note issued to investors on Monday.

Several other equities research analysts also recently weighed in on the stock. Stifel Nicolaus cut their target price on shares of EOG Resources from $153.00 to $150.00 and set a buy rating on the stock in a research note on Tuesday, April 23rd. Mizuho lifted their target price on EOG Resources from $140.00 to $156.00 and gave the company a buy rating in a report on Monday, May 13th. Morgan Stanley upped their price target on EOG Resources from $132.00 to $133.00 and gave the stock an equal weight rating in a report on Monday, April 15th. Scotiabank decreased their price objective on EOG Resources from $155.00 to $150.00 and set a sector perform rating for the company in a research note on Friday, July 12th. Finally, KeyCorp began coverage on shares of EOG Resources in a research note on Thursday, June 27th. They set an overweight rating and a $157.00 target price on the stock. Fourteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources has an average rating of Hold and a consensus target price of $143.40.

EOG Resources Trading Down 0.7 %

Shares of NYSE EOG traded down $0.85 during trading on Monday, reaching $122.27. The stock had a trading volume of 3,807,681 shares, compared to its average volume of 3,215,818. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The company has a market cap of $70.27 billion, a P/E ratio of 9.73, a PEG ratio of 2.15 and a beta of 1.30. EOG Resources has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The business’s 50-day moving average price is $124.57 and its 200-day moving average price is $123.87.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.18. The company 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 25.65% and a net margin of 30.33%. EOG Resources’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.49 EPS. On average, equities research analysts predict that EOG Resources will post 12.13 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.98%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Insider Activity at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the transaction, the executive vice president now directly owns 109,040 shares in the company, valued at $14,206,821.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the sale, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the transaction, the chief executive officer now directly owns 150,474 shares in the company, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock worth $2,144,972 in the last 90 days. 0.30% of the stock is owned by insiders.

Institutional Trading of EOG Resources

Hedge funds have recently made changes to their positions in the company. Riverview Trust Co acquired a new stake in EOG Resources in the second quarter valued at about $27,000. MFA Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the 2nd quarter valued at approximately $28,000. Gladius Capital Management LP purchased a new stake in shares of EOG Resources in the second quarter valued at approximately $30,000. Sachetta LLC acquired a new position in EOG Resources during the fourth quarter worth $33,000. Finally, Triad Wealth Partners LLC purchased a new position in EOG Resources in the second quarter worth $35,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

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.