Shares of EOG Resources, Inc. (NYSE:EOG) have received a consensus rating of “Buy” from the thirty-five analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $110.22.

A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of EOG Resources from a “hold” rating to a “sell” rating in a research report on Friday. Citigroup Inc. lowered shares of EOG Resources from a “buy” rating to a “neutral” rating in a research report on Friday. Royal Bank Of Canada set a $115.00 target price on shares of EOG Resources and gave the stock a “hold” rating in a research report on Sunday, July 16th. Stifel Nicolaus restated a “buy” rating and set a $111.00 target price on shares of EOG Resources in a research report on Friday, July 14th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of EOG Resources in a research report on Friday, July 7th.

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EOG Resources (NYSE:EOG) traded down 0.80% on Friday, reaching $92.91. The company had a trading volume of 2,665,721 shares. The stock’s market capitalization is $53.63 billion. The stock has a 50 day moving average price of $89.73 and a 200 day moving average price of $95.44. EOG Resources has a 52-week low of $78.04 and a 52-week high of $109.37.

EOG Resources (NYSE:EOG) last announced its earnings results on Monday, May 8th. The energy exploration company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. EOG Resources had a negative net margin of 6.70% and a negative return on equity of 2.69%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the business earned ($0.83) earnings per share. EOG Resources’s revenue was up 92.8% compared to the same quarter last year. Analysts expect that EOG Resources will post $0.80 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 17th will be paid a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, July 13th. EOG Resources’s dividend payout ratio (DPR) is -62.04%.

Several large investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd increased its stake in EOG Resources by 86.9% in the fourth quarter. Quadrature Capital Ltd now owns 180,832 shares of the energy exploration company’s stock valued at $18,275,000 after buying an additional 84,076 shares during the last quarter. Ibex Wealth Advisors increased its stake in EOG Resources by 6.0% in the fourth quarter. Ibex Wealth Advisors now owns 16,845 shares of the energy exploration company’s stock valued at $1,777,000 after buying an additional 946 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in EOG Resources by 2.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,185,625 shares of the energy exploration company’s stock valued at $322,067,000 after buying an additional 70,513 shares during the last quarter. Whalerock Point Partners LLC increased its stake in EOG Resources by 39.4% in the fourth quarter. Whalerock Point Partners LLC now owns 5,291 shares of the energy exploration company’s stock valued at $535,000 after buying an additional 1,496 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in EOG Resources by 4.5% in the fourth quarter. Teachers Advisors LLC now owns 3,277,546 shares of the energy exploration company’s stock valued at $331,360,000 after buying an additional 140,590 shares during the last quarter. 84.86% of the stock is owned by institutional investors.

About EOG Resources

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

Analyst Recommendations for EOG Resources (NYSE:EOG)

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