EOG Resources (NYSE:EOG) Now Covered by KeyCorp

KeyCorp assumed coverage on shares of EOG Resources (NYSE:EOG) in a report published on Thursday, Benzinga reports. The firm issued an overweight rating and a $157.00 price target on the energy exploration company’s stock.

Other equities analysts have also issued reports about the company. Royal Bank of Canada reissued a sector perform rating and issued a $145.00 price target on shares of EOG Resources in a research note on Tuesday, April 9th. StockNews.com upgraded EOG Resources from a hold rating to a buy rating in a research note on Thursday, May 9th. Benchmark reiterated a hold rating on shares of EOG Resources in a research note on Tuesday, May 7th. Morgan Stanley raised their target price on EOG Resources from $132.00 to $133.00 and gave the stock an equal weight rating in a research note on Monday, April 15th. Finally, Stifel Nicolaus dropped their price target on EOG Resources from $153.00 to $150.00 and set a buy rating for the company in a research report on Tuesday, April 23rd. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $143.19.

EOG Resources Stock Up 1.1 %

Shares of NYSE EOG opened at $125.87 on Thursday. EOG Resources has a 52 week low of $108.94 and a 52 week high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The stock’s fifty day moving average is $126.28 and its 200 day moving average is $122.42. The stock has a market capitalization of $72.34 billion, a P/E ratio of 9.94, a PEG ratio of 1.73 and a beta of 1.32.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $2.69 earnings per share. Sell-side analysts forecast that EOG Resources will post 11.99 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.89%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Insider Activity at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $130.29, for a total value of $349,828.65. Following the sale, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the sale, the president now owns 161,109 shares in the company, valued at $20,987,669.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the sale, the executive vice president now owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The disclosure for this sale can be found here. Insiders have sold 16,512 shares of company stock worth $2,144,972 over the last ninety days. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of EOG Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of EOG Resources by 0.3% in the first quarter. Vanguard Group Inc. now owns 54,275,932 shares of the energy exploration company’s stock worth $6,938,635,000 after acquiring an additional 146,674 shares during the period. Capital Research Global Investors lifted its stake in shares of EOG Resources by 1.3% in the 1st quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock valued at $3,693,261,000 after purchasing an additional 373,365 shares during the last quarter. Capital World Investors lifted its stake in shares of EOG Resources by 5.4% in the 1st quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company’s stock valued at $3,423,869,000 after purchasing an additional 1,361,538 shares during the last quarter. Capital International Investors lifted its stake in shares of EOG Resources by 7.1% in the 1st quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock valued at $1,478,401,000 after purchasing an additional 766,056 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of EOG Resources by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after buying an additional 892,951 shares during the period. Hedge funds and other institutional investors 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.