EOG Resources Inc (NYSE:EOG) – Equities research analysts at Capital One Financial raised their Q4 2017 earnings per share estimates for EOG Resources in a report issued on Tuesday. Capital One Financial analyst P. Johnston now expects that the energy exploration company will post earnings per share of $0.54 for the quarter, up from their previous estimate of $0.30. Capital One Financial also issued estimates for EOG Resources’ FY2018 earnings at $3.31 EPS.
A number of other research firms have also commented on EOG. Morgan Stanley lowered their price target on shares of EOG Resources from $142.00 to $116.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Credit Suisse Group set a $126.00 price objective on shares of EOG Resources and gave the stock a “hold” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Stifel Nicolaus set a $136.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a report on Tuesday, January 30th. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a report on Monday, January 15th. Finally, BMO Capital Markets restated a “buy” rating and issued a $120.00 price objective on shares of EOG Resources in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $116.72.
Hedge funds have recently made changes to their positions in the stock. Baker Ellis Asset Management LLC purchased a new stake in EOG Resources during the 3rd quarter valued at about $101,000. Chicago Partners Investment Group LLC grew its position in EOG Resources by 178.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after purchasing an additional 712 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in EOG Resources during the 4th quarter valued at about $123,000. Cerebellum GP LLC purchased a new stake in EOG Resources during the 4th quarter valued at about $125,000. Finally, Fis Group Inc. purchased a new stake in EOG Resources during the 3rd quarter valued at about $130,000. 85.59% of the stock is currently owned by institutional investors.
In related news, CFO Timothy K. Driggers sold 8,871 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $105.45, for a total transaction of $935,446.95. Following the sale, the chief financial officer now directly owns 185,157 shares of the company’s stock, valued at approximately $19,524,805.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 1,741 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $106.00, for a total transaction of $184,546.00. Following the sale, the executive vice president now directly owns 75,118 shares in the company, valued at $7,962,508. The disclosure for this sale can be found here. Insiders have sold a total of 69,934 shares of company stock worth $7,820,085 over the last three months. 0.53% of the stock is currently owned by insiders.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th were given a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Tuesday, January 16th. EOG Resources’s dividend payout ratio (DPR) is 6,700.00%.
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.
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.