Oppenheimer initiated coverage on shares of EOG Resources (NYSE:EOG) in a research note issued to investors on Wednesday, March 27th, The Fly reports. The brokerage issued an outperform rating and a $108.00 price target on the energy exploration company’s stock. Oppenheimer also issued estimates for EOG Resources’ Q1 2019 earnings at $1.15 EPS, Q2 2019 earnings at $1.30 EPS, Q3 2019 earnings at $1.44 EPS, Q4 2019 earnings at $1.70 EPS, FY2019 earnings at $5.58 EPS, Q1 2020 earnings at $1.78 EPS, Q2 2020 earnings at $1.83 EPS, Q3 2020 earnings at $1.90 EPS, Q4 2020 earnings at $2.02 EPS and FY2020 earnings at $7.53 EPS.
EOG has been the subject of a number of other research reports. Guggenheim reaffirmed a buy rating and issued a $126.00 price target on shares of EOG Resources in a research note on Friday, February 22nd. ValuEngine raised EOG Resources from a sell rating to a hold rating in a research note on Thursday, January 10th. Robert W. Baird reissued a buy rating and set a $133.00 target price on shares of EOG Resources in a research note on Monday, December 3rd. JPMorgan Chase & Co. raised EOG Resources from a neutral rating to an overweight rating and boosted their target price for the stock from $117.00 to $118.00 in a research note on Friday, December 7th. Finally, Bank of America cut EOG Resources from a buy rating to a neutral rating and set a $115.00 price target on the stock. in a report on Friday, January 4th. Ten investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. EOG Resources has a consensus rating of Buy and a consensus price target of $123.00.
Shares of EOG Resources stock traded up $2.03 during trading on Wednesday, reaching $103.87. The company’s stock had a trading volume of 3,306,991 shares, compared to its average volume of 3,886,717. The stock has a market cap of $60.25 billion, a PE ratio of 18.75, a PEG ratio of 1.45 and a beta of 1.26. EOG Resources has a 52 week low of $82.04 and a 52 week high of $133.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.13 and a current ratio of 1.36.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.85%. EOG Resources’s dividend payout ratio is 15.88%.
In related news, Director Frank G. Wisner sold 1,296 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total transaction of $113,114.88. Following the transaction, the director now directly owns 120,052 shares of the company’s stock, valued at approximately $10,478,138.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.20% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio raised its stake in shares of EOG Resources by 0.4% in the first quarter. Strs Ohio now owns 479,888 shares of the energy exploration company’s stock worth $45,675,000 after purchasing an additional 1,861 shares during the last quarter. Guidant Wealth Advisors boosted its stake in shares of EOG Resources by 50.5% in the first quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock worth $29,000 after acquiring an additional 101 shares during the period. Gulf International Bank UK Ltd boosted its stake in EOG Resources by 0.8% during the first quarter. Gulf International Bank UK Ltd now owns 139,000 shares of the energy exploration company’s stock valued at $13,230,000 after buying an additional 1,070 shares during the last quarter. Cobiz Wealth LLC boosted its stake in EOG Resources by 5.5% during the first quarter. Cobiz Wealth LLC now owns 61,216 shares of the energy exploration company’s stock valued at $5,827,000 after buying an additional 3,179 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in EOG Resources by 15.6% during the first quarter. IFM Investors Pty Ltd now owns 38,690 shares of the energy exploration company’s stock valued at $3,683,000 after buying an additional 5,216 shares during the last quarter. Institutional investors own 87.89% of the company’s stock.
EOG Resources Company Profile
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 People's Republic of China, and Canada.
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