Analysts Set EOG Resources, Inc. (NYSE:EOG) PT at $155.57

EOG Resources, Inc. (NYSE:EOG) has been given a consensus rating of “Hold” by the thirty-one ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seventeen investment analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $156.3214.

A number of equities analysts have recently issued reports on the company. Roth Capital restated a “neutral” rating and set a $138.00 price objective on shares of EOG Resources in a research report on Wednesday. Truist Financial increased their target price on shares of EOG Resources from $134.00 to $153.00 and gave the company a “hold” rating in a research report on Thursday. Capital One Financial lowered their price target on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Barclays boosted their price target on shares of EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Williams Trading set a $177.00 price objective on shares of EOG Resources in a research report on Monday, April 20th.

Institutional Investors Weigh In On EOG Resources

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in EOG Resources in the second quarter valued at $5,905,587,000. Bank of New York Mellon Corp acquired a new stake in shares of EOG Resources in the 2nd quarter valued at about $654,899,000. Deutsche Bank AG acquired a new stake in shares of EOG Resources in the 2nd quarter valued at about $251,102,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in EOG Resources during the 2nd quarter worth approximately $168,029,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in EOG Resources by 898.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,420,839 shares of the energy exploration company’s stock valued at $205,411,000 after acquiring an additional 1,278,555 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $134.61 on Tuesday. The firm has a market cap of $70.60 billion, a PE ratio of 10.48 and a beta of 0.25. The firm’s fifty day moving average is $137.23 and its 200-day moving average is $132.37. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.53 and a current ratio of 1.85. EOG Resources has a 52 week low of $101.59 and a 52 week high of $151.87.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The business had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.EOG Resources’s quarterly revenue was up 57.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.32 earnings per share. Sell-side analysts predict that EOG Resources will post 16.53 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. EOG Resources’s dividend payout ratio (DPR) is 31.75%.

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.