EOG Resources (NYSE:EOG) Price Target Lowered to $134.00 at Wolfe Research

EOG Resources (NYSE:EOG) had its target price cut by Wolfe Research from $138.00 to $134.00 in a report published on Monday,MarketScreener reports. They currently have an outperform rating on the energy exploration company’s stock.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company cut their price objective on shares of EOG Resources from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Royal Bank Of Canada boosted their price objective on EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Roth Capital restated a “neutral” rating on shares of EOG Resources in a research report on Monday, December 15th. JPMorgan Chase & Co. cut their price objective on shares of EOG Resources from $131.00 to $121.00 and set a “neutral” rating for the company in a report on Monday, December 8th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $153.00 target price on shares of EOG Resources in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus price target of $138.14.

EOG Resources Stock Down 0.1%

EOG stock opened at $106.05 on Monday. The firm has a fifty day moving average price of $106.75 and a two-hundred day moving average price of $113.62. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The firm has a market cap of $57.54 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 8.41 and a beta of 0.49. EOG Resources has a 1-year low of $101.59 and a 1-year high of $138.18.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. The firm had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the company posted $2.89 EPS. Research analysts predict that EOG Resources will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is currently 40.64%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cullen Capital Management LLC boosted its holdings in EOG Resources by 4.7% in the second quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after acquiring an additional 25,753 shares in the last quarter. Kiker Wealth Management LLC acquired a new position in EOG Resources during the 2nd quarter worth about $627,000. Railway Pension Investments Ltd grew its position in EOG Resources by 6.9% during the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock worth $53,717,000 after buying an additional 28,800 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in EOG Resources by 9.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock valued at $7,386,000 after purchasing an additional 5,156 shares in the last quarter. Finally, River Road Asset Management LLC boosted its holdings in EOG Resources by 15.2% during the second quarter. River Road Asset Management LLC now owns 75,878 shares of the energy exploration company’s stock worth $9,107,000 after buying an additional 9,999 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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.