EOG Resources Inc (NYSE:EOG) – Analysts at Capital One Financial raised their FY2017 earnings per share (EPS) estimates for shares of EOG Resources in a research note issued to investors on Tuesday. Capital One Financial analyst P. Johnston now anticipates that the energy exploration company will post earnings of $0.96 per share for the year, up from their prior forecast of $0.72.
A number of other analysts have also recently weighed in on EOG. JPMorgan Chase & Co. raised their price target on shares of EOG Resources from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Robert W. Baird set a $114.00 price target on shares of EOG Resources and gave the company a “buy” rating in a report on Thursday, October 12th. Morgan Stanley set a $116.00 price target on shares of EOG Resources and gave the company a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Finally, Royal Bank of Canada raised their price target on shares of EOG Resources from $107.00 to $110.00 and gave the company a “sector perform” rating in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $116.72.
Large investors have recently bought and sold shares of the company. Baker Ellis Asset Management LLC purchased a new position in shares of EOG Resources during the 3rd quarter valued at approximately $101,000. Chicago Partners Investment Group LLC increased its holdings in shares of 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 in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of EOG Resources during the 4th quarter valued at approximately $123,000. Cerebellum GP LLC purchased a new position in shares of EOG Resources during the 4th quarter valued at approximately $125,000. Finally, Fis Group Inc. purchased a new position in shares of EOG Resources during the 3rd quarter valued at approximately $130,000. 85.59% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Michael P. Donaldson sold 15,322 shares of EOG Resources stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $114.26, for a total transaction of $1,750,691.72. Following the completion of the transaction, the executive vice president now directly owns 59,917 shares of the company’s stock, valued at approximately $6,846,116.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Gary L. Thomas sold 40,000 shares of EOG Resources stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $112.94, for a total transaction of $4,517,600.00. Following the transaction, the president now directly owns 1,006,461 shares of the company’s stock, valued at $113,669,705.34. The disclosure for this sale can be found here. Insiders have sold a total of 69,934 shares of company stock valued at $7,820,085 over the last three months. 0.53% of the stock is currently owned by insiders.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were given a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Tuesday, January 16th. EOG Resources’s dividend payout ratio is presently 6,700.00%.
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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.
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