EOG Resources Inc (NYSE:EOG) – Investment analysts at US Capital Advisors cut their FY2017 earnings per share estimates for EOG Resources in a research note issued on Monday. US Capital Advisors analyst C. Horwitz now expects that the energy exploration company will earn $0.89 per share for the year, down from their prior estimate of $0.92. US Capital Advisors also issued estimates for EOG Resources’ Q4 2017 earnings at $0.46 EPS, Q1 2018 earnings at $1.19 EPS, Q2 2018 earnings at $1.26 EPS, Q3 2018 earnings at $1.26 EPS, Q4 2018 earnings at $1.23 EPS, FY2018 earnings at $4.94 EPS, Q1 2019 earnings at $1.41 EPS, Q2 2019 earnings at $1.39 EPS, Q3 2019 earnings at $1.41 EPS, Q4 2019 earnings at $1.42 EPS and FY2019 earnings at $5.64 EPS.
A number of other research firms have also recently weighed in on EOG. Piper Jaffray Companies reaffirmed a “buy” rating and set a $106.00 price objective on shares of EOG Resources in a research report on Wednesday, November 22nd. Argus lifted their target price on EOG Resources to $133.00 and gave the company a “buy” rating in a research note on Monday, January 8th. BMO Capital Markets reissued a “buy” rating and set a $120.00 target price on shares of EOG Resources in a research note on Thursday, January 11th. Credit Suisse Group set a $126.00 target price on EOG Resources and gave the company a “hold” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, Bank of America downgraded EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research note on Thursday, January 4th. They noted that the move was a valuation call. 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 given a strong buy rating to the stock. EOG Resources currently has an average rating of “Buy” and a consensus price target of $116.72.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were paid a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Tuesday, January 16th. EOG Resources’s payout ratio is 6,700.00%.
In other EOG Resources news, President Gary L. Thomas sold 40,000 shares of EOG Resources stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $112.94, for a total value of $4,517,600.00. Following the sale, the president now owns 1,006,461 shares of the company’s stock, valued at approximately $113,669,705.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Gary L. Thomas sold 2,000 shares of EOG Resources stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $107.95, for a total value of $215,900.00. Following the completion of the sale, the president now directly owns 1,046,430 shares in the company, valued at approximately $112,962,118.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,934 shares of company stock worth $7,820,085. Corporate insiders own 0.53% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in EOG. Boston Common Asset Management LLC boosted its holdings in shares of EOG Resources by 6.5% in the 4th quarter. Boston Common Asset Management LLC now owns 93,855 shares of the energy exploration company’s stock worth $10,128,000 after purchasing an additional 5,727 shares during the period. AGF Investments Inc. boosted its holdings in shares of EOG Resources by 2.6% in the 4th quarter. AGF Investments Inc. now owns 35,187 shares of the energy exploration company’s stock worth $3,797,000 after purchasing an additional 894 shares during the period. NuWave Investment Management LLC purchased a new position in shares of EOG Resources in the 4th quarter worth approximately $477,000. Wealthstreet Investment Advisors LLC purchased a new position in shares of EOG Resources in the 4th quarter worth approximately $4,664,000. Finally, Barrett Asset Management LLC boosted its holdings in shares of EOG Resources by 28.3% in the 4th quarter. Barrett Asset Management LLC now owns 93,286 shares of the energy exploration company’s stock worth $10,066,000 after purchasing an additional 20,570 shares during the period. 85.59% of the stock is currently owned by institutional investors and hedge funds.
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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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