EOG Resources, Inc. (NYSE:EOG) Receives $135.31 Consensus PT from Analysts

Shares of EOG Resources, Inc. (NYSE:EOG) have earned a consensus rating of “Hold” from the twenty-nine research firms that are currently covering the firm, MarketBeat.com reports. Seventeen investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $135.7692.

Several brokerages recently commented on EOG. Citigroup reissued a “neutral” rating and issued a $115.00 price target (down from $125.00) on shares of EOG Resources in a report on Wednesday, December 17th. Raymond James Financial increased their price objective on shares of EOG Resources from $153.00 to $157.00 and gave the company a “strong-buy” rating in a report on Friday, February 13th. Roth Mkm reiterated a “neutral” rating and issued a $110.00 target price on shares of EOG Resources in a research report on Wednesday, February 25th. Mizuho set a $134.00 target price on shares of EOG Resources and gave the stock a “neutral” rating in a research note on Friday, December 12th. Finally, Piper Sandler upped their price target on shares of EOG Resources from $123.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief operating officer owned 61,481 shares in the company, valued at $7,685,125. This trade represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 7,774 shares of company stock valued at $945,895 in the last quarter. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Sivia Capital Partners LLC acquired a new stake in EOG Resources during the 2nd quarter worth $258,000. GPS Wealth Strategies Group LLC raised its position in shares of EOG Resources by 16.8% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,317 shares of the energy exploration company’s stock valued at $158,000 after buying an additional 189 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of EOG Resources by 4.9% in the second quarter. First Horizon Advisors Inc. now owns 2,748 shares of the energy exploration company’s stock worth $329,000 after buying an additional 128 shares in the last quarter. Atlantic Union Bankshares Corp lifted its stake in shares of EOG Resources by 21.5% in the second quarter. Atlantic Union Bankshares Corp now owns 36,649 shares of the energy exploration company’s stock worth $4,384,000 after buying an additional 6,487 shares in the last quarter. Finally, Washington Trust Bank boosted its position in EOG Resources by 7.7% during the second quarter. Washington Trust Bank now owns 3,157 shares of the energy exploration company’s stock worth $378,000 after acquiring an additional 227 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

Shares of EOG stock opened at $131.48 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. EOG Resources has a 12-month low of $101.59 and a 12-month high of $134.36. The business’s 50 day moving average is $114.32 and its two-hundred day moving average is $112.17. The company has a market capitalization of $70.54 billion, a P/E ratio of 14.43 and a beta of 0.44.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. During the same period in the previous year, the business earned $2.74 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Analysts expect that EOG Resources will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. EOG Resources’s dividend payout ratio is presently 44.79%.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.