EOG Resources Inc (NYSE:EOG) – Investment analysts at Jefferies Group upped their FY2017 EPS estimates for EOG Resources in a research report issued on Wednesday. Jefferies Group analyst M. Lear now forecasts that the energy exploration company will post earnings of $0.96 per share for the year, up from their prior estimate of $0.76. Jefferies Group has a “Hold” rating and a $101.00 price objective on the stock. Jefferies Group also issued estimates for EOG Resources’ Q4 2017 earnings at $0.53 EPS, Q1 2018 earnings at $0.69 EPS, Q2 2018 earnings at $0.72 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.79 EPS, FY2018 earnings at $3.01 EPS, Q1 2019 earnings at $0.74 EPS and Q2 2019 earnings at $0.78 EPS.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter last year, the firm posted ($0.40) earnings per share. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year.
Shares of EOG Resources (NYSE EOG) opened at $107.11 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. EOG Resources has a one year low of $81.99 and a one year high of $107.95. The company has a market capitalization of $62,380.00, a P/E ratio of 10,711.00, a price-to-earnings-growth ratio of 13.67 and a beta of 0.98.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd boosted its holdings in EOG Resources by 87.9% in the second quarter. WINTON GROUP Ltd now owns 8,859 shares of the energy exploration company’s stock valued at $802,000 after purchasing an additional 4,144 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in EOG Resources in the third quarter valued at $4,649,000. Wendell David Associates Inc. boosted its holdings in EOG Resources by 4.2% in the third quarter. Wendell David Associates Inc. now owns 14,910 shares of the energy exploration company’s stock valued at $1,442,000 after purchasing an additional 600 shares during the last quarter. Usca Ria LLC boosted its holdings in EOG Resources by 232.2% in the second quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock valued at $1,417,000 after purchasing an additional 10,939 shares during the last quarter. Finally, Aperio Group LLC boosted its holdings in EOG Resources by 6.9% in the third quarter. Aperio Group LLC now owns 263,616 shares of the energy exploration company’s stock valued at $25,502,000 after purchasing an additional 17,107 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Timothy K. Driggers sold 8,871 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $105.45, for a total value of $935,446.95. Following the transaction, the chief financial officer now directly owns 185,157 shares of the company’s stock, valued at approximately $19,524,805.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charles R. Crisp sold 3,411 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $97.03, for a total value of $330,969.33. Following the completion of the transaction, the director now directly owns 53,196 shares in the company, valued at $5,161,607.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 164,304 shares of company stock worth $4,837,383. Insiders own 0.53% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be given a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Tuesday, January 16th. EOG Resources’s payout ratio is presently 6,700.00%.
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EOG Resources Company Profile
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.
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