EOG Resources (NYSE:EOG) Given New $157.00 Price Target at KeyCorp

EOG Resources (NYSE:EOG) had its price target boosted by KeyCorp from $147.00 to $157.00 in a research report report published on Monday morning, Benzinga reports. They currently have an overweight rating on the energy exploration company’s stock.

Several other equities analysts have also issued reports on the company. Raymond James decreased their price objective on EOG Resources from $148.00 to $145.00 and set a strong-buy rating for the company in a research report on Wednesday, January 24th. Royal Bank of Canada reiterated a sector perform rating and issued a $145.00 price objective on shares of EOG Resources in a research report on Tuesday, April 9th. Citigroup boosted their price objective on EOG Resources from $120.00 to $124.00 and gave the company a neutral rating in a research report on Monday, March 18th. Barclays began coverage on EOG Resources in a research report on Wednesday, April 10th. They issued an equal weight rating and a $144.00 price objective for the company. Finally, Susquehanna boosted their price objective on EOG Resources from $147.00 to $155.00 and gave the company a positive rating in a research report on Monday. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $142.19.

EOG Resources Price Performance

EOG Resources stock opened at $135.40 on Monday. The firm has a market capitalization of $77.88 billion, a P/E ratio of 10.41 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 business has a 50-day moving average of $125.26 and a 200-day moving average of $122.45. 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 posted its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the previous year, the firm posted $3.30 earnings per share. EOG Resources’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, equities analysts anticipate that EOG Resources will post 12.29 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

Institutional Investors Weigh In On EOG Resources

Large investors have recently added to or reduced their stakes in the business. McIlrath & Eck LLC raised its stake in EOG Resources by 77.6% in 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 period. Exchange Traded Concepts LLC raised its stake in EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 212 shares during the period. Peoples Bank KS bought a new stake in EOG Resources in the 3rd quarter valued at $31,000. Sachetta LLC bought a new stake in EOG Resources in the 4th quarter valued at $33,000. Finally, Hall Laurie J Trustee bought a new stake in EOG Resources in the 4th quarter valued at $36,000. 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.