2 hours Ago By ABMN Staff
EOG Resources ( NYSE:EOG – Free Report ) had its price target boosted by Raymond James from $156.00 to $167.00 in a research report sent to investors on Thursday, Benzinga reports.
They currently have a strong-buy rating on the energy exploration company’s stock. A number of other equities analysts also recently issued reports on the stock. KeyCorp cut their price target on shares of EOG Resources from $157.
00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Susquehanna decreased their price target on EOG Resources from $159.
00 to $158.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $145.
00 price objective on shares of EOG Resources in a research note on Monday, October 14th. Wells Fargo & Company lifted their price objective on EOG Resources from $135.00 to $147.
00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Benchmark reissued a “hold” rating on shares of EOG Resources in a report on Tuesday, November 12th. Fifteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock.
According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $144.00.
Get Our Latest Stock Report on EOG Resources EOG Resources Stock Up 0.6 % EOG Resources declared that its board has approved a stock buyback plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares.
This repurchase authorization allows the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued. EOG Resources Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st.
Stockholders of record on Friday, January 17th will be issued a dividend of $0.975 per share. This is a boost from EOG Resources’s previous quarterly dividend of $0.
91. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.
90 annualized dividend and a dividend yield of 2.86%. EOG Resources’s dividend payout ratio (DPR) is 29.
31%. Insider Buying and Selling In other EOG Resources news, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred on Tuesday, November 19th.
The shares were sold at an average price of $135.33, for a total transaction of $76,867.44.
Following the transaction, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This trade represents a 1.
29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . 0.
30% of the stock is currently owned by company insiders. Institutional Trading of EOG Resources Several institutional investors have recently made changes to their positions in the stock. Insight Inv LLC grew its position in EOG Resources by 0.
8% during the third quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock valued at $1,154,000 after acquiring an additional 75 shares during the period. Cape ANN Savings Bank increased its position in EOG Resources by 0.
9% during the 3rd quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company’s stock worth $1,067,000 after purchasing an additional 79 shares in the last quarter. CVA Family Office LLC raised its holdings in EOG Resources by 11.
0% in the second quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock valued at $103,000 after buying an additional 81 shares during the period. Bailard Inc.
lifted its position in EOG Resources by 0.4% during the second quarter. Bailard Inc.
now owns 19,899 shares of the energy exploration company’s stock valued at $2,505,000 after buying an additional 81 shares in the last quarter. Finally, Everpar Advisors LLC grew its stake in EOG Resources by 3.6% during the third quarter.
Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock worth $293,000 after buying an additional 83 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.
About EOG Resources ( Get Free Report ) EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company. Featured Articles 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.
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