EOG Resources (NYSE:EOG) received a $122.00 price target from Robert W. Baird in a research note issued to investors on Friday. The firm currently has a “buy” rating on the energy exploration company’s stock. Robert W. Baird’s price target would suggest a potential upside of 8.76% from the company’s previous close.
Several other research firms have also recently commented on EOG. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $106.00 target price on shares of EOG Resources in a research note on Wednesday, November 22nd. Bank of America cut shares of EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research note on Thursday. They noted that the move was a valuation call. Citigroup raised shares of EOG Resources from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Wednesday. Barclays boosted their price objective on shares of EOG Resources from $101.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Finally, Morgan Stanley set a $116.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $111.55.
EOG Resources (NYSE:EOG) traded up $1.22 during mid-day trading on Friday, reaching $112.17. 2,221,207 shares of the company’s stock traded hands, compared to its average volume of 2,328,575. The stock has a market cap of $64,860.00, a PE ratio of 11,217.00, a P/E/G ratio of 5.15 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. EOG Resources has a 12-month low of $81.99 and a 12-month high of $112.30.
In related news, EVP Michael P. Donaldson sold 1,741 shares of EOG Resources stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $106.00, for a total transaction of $184,546.00. Following the transaction, the executive vice president now owns 75,118 shares in the company, valued at approximately $7,962,508. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Gary L. Thomas sold 2,000 shares of EOG Resources stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $107.95, for a total transaction of $215,900.00. Following the transaction, the president now owns 1,046,430 shares in the company, valued at approximately $112,962,118.50. The disclosure for this sale can be found here. Insiders have sold a total of 133,726 shares of company stock worth $1,921,181 in the last 90 days. Company insiders own 0.53% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Capital Research Global Investors lifted its holdings in EOG Resources by 14.7% in the 2nd quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock worth $3,787,329,000 after buying an additional 5,368,941 shares in the last quarter. Vanguard Group Inc. lifted its holdings in EOG Resources by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock worth $3,727,570,000 after buying an additional 1,058,276 shares in the last quarter. Capital World Investors lifted its holdings in EOG Resources by 9.9% in the 2nd quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock worth $1,580,657,000 after buying an additional 1,568,085 shares in the last quarter. Northern Trust Corp lifted its holdings in EOG Resources by 8.7% in the 2nd quarter. Northern Trust Corp now owns 8,001,255 shares of the energy exploration company’s stock worth $724,272,000 after buying an additional 638,183 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in EOG Resources by 8.0% in the 2nd quarter. Alliancebernstein L.P. now owns 6,914,602 shares of the energy exploration company’s stock worth $625,910,000 after buying an additional 511,099 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.
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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.
