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Main » EOG Resources (NYSE:EOG) Raised to "Buy" at Zacks Investment Research

EOG Resources (NYSE:EOG) Raised to "Buy" at Zacks Investment Research

19 January 2018

The company has a market cap of $65,650.00, a PE ratio of 11,353.00, a price-to-earnings-growth ratio of 4.93 and a beta of 0.98. The companyÂ's deposit products include noninterest-bearing and interest-bearing checking accounts, interest-bearing term deposit accounts, money market and savings deposits, and certificates of deposit. It has a 12.9 P/E ratio. Baker Ellis Asset Management LLC acquired a new stake in shares of EOG Resources in the 3rd quarter valued at about $101,000. With many preferring that EOG Resources, Inc. reinvest its earnings back into its trade to fuel future growth, a lot acknowledges a generous cash dividend payment. The hedge fund run by Larry Robbins held 39.43 million shares of the electrical products company at the end of 2017Q3, valued at $653.40M, up from 38.16 million at the end of the previous reported quarter. Salient Trust Company Lta who had been investing in Eog Res Inc for a number of months, seems to be less bullish one the $66.90 billion market cap company. The firm owned 35,339 shares of the energy exploration company's stock after selling 1,153 shares during the period.

Traders sold shares of EOG Resources Inc (NYSE:EOG) on strength during trading hours on Wednesday. It has outperformed by 0.45% the S&P500. The stock increased 0.08% or $0.09 during the last trading session, reaching $113.48.

Menora Mivtachim Holdings Ltd decreased Kite Pharma Inc (NASDAQ:KITE) stake by 975,795 shares to 248,104 valued at $44.61 million in 2017Q3. Its share price has risen 17.36% in three months and is up 0.60% for the last five trades. It has underperformed by 31.64% the S&P500.

Since August 14, 2017, it had 0 insider purchases, and 6 sales for $9.97 million activity. Johnson Invest Counsel holds 0.27% or 106,229 shares. Capital World Investors now owns 17,461,968 shares of the energy exploration company's stock worth $1,580,657,000 after purchasing an additional 1,568,085 shares in the last quarter. Sigma Planning invested in 3,222 shares or 0.03% of the stock. The Pennsylvania-based Emerald Mutual Fund Advisers Trust has invested 0.23% in the stock. Following the transaction, the chief financial officer now directly owns 185,157 shares of the company's stock, valued at $19,524,805.65. (NYSE:EOG) showed a growth of -43.75 Percent per annum. Therefore 74% are positive. EOG Resources's quarterly revenue was down 2.5% on a year-over-year basis. Imperial Capital assumed coverage on shares of EOG Resources in a research report on Thursday, September 28th. The company was maintained on Monday, October 16 by Bank of America. (NYSE:EOG) earned "Overweight" rating by Barclays Capital on Wednesday, October 11. The rating was maintained by RBC Capital Markets with "Outperform" on Monday, November 9. Needham maintained it with "Buy" rating and $14 target in Tuesday, October 20 report. On Thursday, December 1 the stock rating was upgraded by Stifel Nicolaus to "Buy". As per Wednesday, September 7, the company rating was maintained by RBC Capital Markets. The firm has "Buy" rating given on Monday, May 9 by Canaccord Genuity.

PNC FINANCIAL SERVICES GROUP, INC. lowered its stake in V.F. Corporation (NYSE:VFC) by 0.02% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46.

In other EOG Resources news, VP Ann D. Janssen sold 10,970 shares of the stock in a transaction on Wednesday, November 30th. PSMT's SI was 1.59 million shares in January as released by FINRA. 2,528 are held by South State Corp. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the energy exploration company's stock worth $399,039,000 after purchasing an additional 1,452,947 shares in the last quarter. Salem Inc has 10,050 shares. Usca Ria Ltd Liability stated it has 0.18% in EOG Resources, Inc. Bollard Group Inc Ltd Co has invested 0.03% in EOG Resources, Inc. (NYSE:EOG) as Buy, 0 analysts given Outperform signal, 2 reported Hold, and 1 analysts rated the stock as Sell. Barrett Asset Limited Liability Com accumulated 72,716 shares. Sentinel Asset Mgmt holds 0.68% or 293,100 shares. It also reduced its holding in Abbvie Inc (NYSE:ABBV) by 768,838 shares in the quarter, leaving it with 5.34M shares, and cut its stake in Lowes Cos Inc (NYSE:LOW). EOG Resources Inc has a 12 month low of $81.99 and a 12 month high of $116.47. Bamco Inc has invested 0.01% of its portfolio in EOG Resources, Inc. (NYSE:EOG). Moreover, Ibm Retirement Fund has 0.28% invested in EOG Resources, Inc. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of EOG Resources by 20.3% in the second quarter.

State Treasurer State Of Michigan increased Stryker Corp (NYSE:SYK) stake by 40,600 shares to 367,596 valued at $52.21 million in 2017Q3. Following the sale, the executive vice president now owns 59,917 shares of the company's stock, valued at approximately $6,846,116.42. Cyberark Software Ltd (NASDAQ:CYBR) was reduced too.

Several analysts are forecasting growth estimate of EOG Resources, Inc. for the current quarter to be 5100%. (NYSE:EOG) on Thursday, September 28. The company's quarterly revenue was up 24.8% compared to the same quarter last year. sell-side analysts expect that EOG Resources Inc will post 0.89 EPS for the current fiscal year.