EOG Resources (NYSE:EOG) Price Target Cut to $108.00 by Analysts at Roth Mkm

EOG Resources (NYSE:EOG) had its price objective lowered by Roth Mkm from $114.00 to $108.00 in a report released on Friday,MarketScreener reports. The firm currently has a neutral rating on the energy exploration company’s stock.

A number of other brokerages also recently issued reports on EOG. Scotiabank set a $123.00 price target on shares of EOG Resources and gave the stock a “sector perform” rating in a research report on Friday, January 16th. Evercore ISI boosted their target price on shares of EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Johnson Rice cut their price target on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. Raymond James Financial reissued a “strong-buy” rating and issued a $153.00 price objective on shares of EOG Resources in a research report on Wednesday, December 3rd. Finally, Mizuho set a $134.00 target price on EOG Resources and gave the stock a “neutral” rating in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $134.67.

EOG Resources Trading Up 1.8%

EOG traded up $1.94 during midday trading on Friday, hitting $108.26. 5,301,756 shares of the company were exchanged, compared to its average volume of 3,533,147. The firm’s 50 day moving average price is $106.68 and its 200-day moving average price is $112.23. EOG Resources has a 1-year low of $101.59 and a 1-year high of $135.87. The firm has a market capitalization of $58.74 billion, a P/E ratio of 10.78, a P/E/G ratio of 8.83 and a beta of 0.49. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The firm’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $2.89 earnings per share. As a group, equities analysts forecast that EOG Resources will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

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

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief operating officer owned 54,979 shares in the company, valued at $5,810,180.72. This represents a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by corporate insiders.

Institutional Trading of EOG Resources

Several institutional investors and hedge funds have recently modified their holdings of EOG. ORG Partners LLC grew its holdings in EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after buying an additional 88 shares in the last quarter. Ameriflex Group Inc. boosted its holdings in EOG Resources by 31.6% during the 2nd quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock worth $46,000 after acquiring an additional 91 shares during the last quarter. Hemington Wealth Management boosted its holdings in EOG Resources by 7.2% during the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock worth $155,000 after acquiring an additional 93 shares during the last quarter. Bollard Group LLC grew its stake in shares of EOG Resources by 0.8% in the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after acquiring an additional 93 shares in the last quarter. Finally, apricus wealth LLC raised its holdings in shares of EOG Resources by 5.0% in the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock valued at $224,000 after purchasing an additional 95 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

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.