EOG Resources (NYSE:EOG) Given New $159.00 Price Target at Capital One Financial

EOG Resources (NYSE:EOG) had its target price dropped by equities research analysts at Capital One Financial from $161.00 to $159.00 in a research report issued on Wednesday,MarketScreener reports. The firm currently has an “overweight” rating on the energy exploration company’s stock. Capital One Financial‘s price target indicates a potential upside of 13.44% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company set a $196.00 price target on shares of EOG Resources and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Jefferies Financial Group raised their price objective on EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Morgan Stanley boosted their target price on EOG Resources from $155.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Zacks Research lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Finally, BMO Capital Markets increased their price target on EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.32.

EOG Resources Stock Up 1.1%

Shares of NYSE:EOG traded up $1.58 during trading on Wednesday, reaching $140.16. The stock had a trading volume of 208,130 shares, compared to its average volume of 4,700,022. EOG Resources has a one year low of $101.59 and a one year high of $151.87. The company has a market capitalization of $74.65 billion, a P/E ratio of 13.80 and a beta of 0.25. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The firm’s 50-day simple moving average is $137.96 and its 200 day simple moving average is $122.05.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping the consensus estimate of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the previous year, the business posted $2.87 EPS. EOG Resources’s revenue was up 22.1% on a year-over-year basis. As a group, research analysts expect that EOG Resources will post 15.67 EPS for the current fiscal year.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 12,456 shares of company stock valued at $1,788,033. Insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summitry LLC grew its position in shares of EOG Resources by 1.5% during the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock valued at $699,000 after acquiring an additional 73 shares during the period. Twin Capital Management Inc. raised its holdings in EOG Resources by 0.3% in the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock worth $3,467,000 after purchasing an additional 79 shares during the period. Hardy Reed LLC raised its holdings in EOG Resources by 3.8% in the 1st quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock worth $325,000 after purchasing an additional 82 shares during the period. Legacy Wealth Managment LLC ID boosted its position in EOG Resources by 39.5% during the first quarter. Legacy Wealth Managment LLC ID now owns 311 shares of the energy exploration company’s stock worth $45,000 after purchasing an additional 88 shares in the last quarter. Finally, Bollard Group LLC boosted its position in EOG Resources by 0.8% during the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after purchasing an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

About EOG Resources

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.