EOG Resources, Inc. (NYSE:EOG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of EOG Resources, Inc. (NYSE:EOG) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are presently covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $140.63.

A number of research firms have weighed in on EOG. Barclays reduced their target price on shares of EOG Resources from $140.00 to $137.00 and set an “equal weight” rating on the stock in a report on Friday, May 2nd. Raymond James restated a “strong-buy” rating and issued a $140.00 price target on shares of EOG Resources in a research report on Monday, April 21st. Wells Fargo & Company dropped their price target on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. JPMorgan Chase & Co. dropped their price target on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Finally, Piper Sandler dropped their price target on shares of EOG Resources from $135.00 to $133.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of EOG Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Life Planners bought a new stake in shares of EOG Resources in the 4th quarter worth $25,000. Y.D. More Investments Ltd grew its stake in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 121 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of EOG Resources in the 1st quarter worth $26,000. Mainstream Capital Management LLC bought a new stake in shares of EOG Resources in the 4th quarter worth $25,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources in the 4th quarter worth $27,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 0.2%

EOG opened at $115.79 on Friday. EOG Resources has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm has a market capitalization of $63.20 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 3.58 and a beta of 0.78. The company’s 50 day moving average price is $116.02 and its two-hundred day moving average price is $124.31.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same period in the previous year, the firm posted $2.82 EPS. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, research analysts predict that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be paid a dividend of $0.975 per share. The ex-dividend date is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a yield of 3.37%. EOG Resources’s dividend payout ratio (DPR) is presently 36.18%.

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.