EOG Resources (NYSE:EOG) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of EOG Resources (NYSE:EOG) from a hold rating to a buy rating in a research note issued to investors on Monday.

A number of other brokerages also recently commented on EOG. TD Securities decreased their price objective on shares of EOG Resources from $135.00 to $130.00 and set a hold rating for the company in a research report on Friday, February 23rd. KeyCorp lifted their price objective on shares of EOG Resources from $147.00 to $157.00 and gave the company an overweight rating in a research report on Monday. Scotiabank downgraded shares of EOG Resources from a sector outperform rating to a sector perform rating and lifted their price objective for the company from $135.00 to $155.00 in a research report on Thursday, April 11th. Citigroup lifted their target price on shares of EOG Resources from $120.00 to $124.00 and gave the stock a neutral rating in a report on Monday, March 18th. Finally, Stifel Nicolaus reduced their target price on shares of EOG Resources from $163.00 to $153.00 and set a buy rating for the company in a report on Friday, March 22nd. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $142.33.

EOG Resources Stock Up 0.5 %

EOG Resources stock opened at $133.90 on Monday. The company has a market cap of $77.02 billion, a P/E ratio of 10.29 and a beta of 1.40. EOG Resources has a 1-year low of $106.32 and a 1-year high of $139.67. The company has a fifty day simple moving average of $123.87 and a 200 day simple moving average of $122.16. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period last year, the business earned $3.30 EPS. The business’s revenue was down 5.4% on a year-over-year basis. Research analysts anticipate that EOG Resources will post 12.07 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.72%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is 27.98%.

Institutional Trading of EOG Resources

Several hedge funds and other institutional investors have recently bought and sold shares of EOG. Ritholtz Wealth Management raised its position in shares of EOG Resources by 11.8% in the 3rd quarter. Ritholtz Wealth Management now owns 4,444 shares of the energy exploration company’s stock valued at $563,000 after buying an additional 469 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of EOG Resources in the 3rd quarter valued at approximately $212,000. Montecito Bank & Trust acquired a new position in shares of EOG Resources in the 3rd quarter valued at approximately $219,000. 1900 Wealth Management LLC raised its position in shares of EOG Resources by 84.6% in the 3rd quarter. 1900 Wealth Management LLC now owns 5,459 shares of the energy exploration company’s stock valued at $692,000 after buying an additional 2,501 shares in the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management raised its position in shares of EOG Resources by 9.1% in the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 20,230 shares of the energy exploration company’s stock valued at $2,564,000 after buying an additional 1,682 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

About EOG Resources

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.