EOG Resources (NYSE:EOG) Given Hold Rating at Benchmark

Benchmark reiterated their hold rating on shares of EOG Resources (NYSE:EOG) in a research report report published on Tuesday, Benzinga reports.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. raised their target price on EOG Resources from $134.00 to $141.00 and gave the stock a neutral rating in a research note on Thursday, March 28th. Morgan Stanley increased their price target on shares of EOG Resources from $132.00 to $133.00 and gave the stock an equal weight rating in a report on Monday, April 15th. Mizuho upped their price objective on shares of EOG Resources from $138.00 to $140.00 and gave the company a buy rating in a report on Monday, April 15th. Royal Bank of Canada reissued a sector perform rating and set a $145.00 target price on shares of EOG Resources in a report on Tuesday, April 9th. Finally, TD Securities lowered their price target on shares of EOG Resources from $135.00 to $130.00 and set a hold rating on the stock in a report on Friday, February 23rd. Fourteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, EOG Resources has a consensus rating of Hold and an average target price of $142.27.

EOG Resources Stock Down 0.2 %

Shares of EOG Resources stock opened at $130.23 on Tuesday. The company has a market cap of $74.84 billion, a P/E ratio of 10.29 and a beta of 1.38. EOG Resources has a 52-week low of $106.32 and a 52-week high of $139.67. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average price is $128.17 and its 200-day moving average price is $122.33.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.12. The company 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 firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.69 EPS. On average, sell-side analysts predict that EOG Resources will post 12.14 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s payout ratio is 28.75%.

Institutional Investors Weigh In On EOG Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. McIlrath & Eck LLC raised its stake in EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 104 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 212 shares during the period. Peoples Bank KS acquired a new stake in shares of EOG Resources in the 3rd quarter valued at approximately $31,000. Sachetta LLC acquired a new position in EOG Resources during the fourth quarter worth $33,000. Finally, Hall Laurie J Trustee purchased a new stake in shares of EOG Resources during the 4th quarter worth $36,000. 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.