EOG Resources (NYSE:EOG) Price Target Raised to $140.00

EOG Resources (NYSE:EOG) had its price objective raised by Barclays from $133.00 to $140.00 in a research note published on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the energy exploration company’s stock.

Other equities research analysts also recently issued reports about the stock. Scotiabank set a $123.00 price objective on shares of EOG Resources and gave the company a “sector perform” rating in a report on Friday, January 16th. Capital One Financial lowered their price target on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. KeyCorp cut shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. Susquehanna cut their price objective on shares of EOG Resources from $151.00 to $144.00 and set a “positive” rating for the company in a report on Thursday, February 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $138.23.

EOG Resources Stock Performance

Shares of EOG opened at $137.65 on Monday. The firm has a market cap of $73.85 billion, a PE ratio of 15.11, a PEG ratio of 3.67 and a beta of 0.44. The stock’s fifty day moving average price is $118.30 and its two-hundred day moving average price is $112.78. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. EOG Resources has a 1 year low of $101.59 and a 1 year high of $137.81.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the prior year, the company earned $2.74 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities research analysts forecast that EOG Resources will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s dividend payout ratio is presently 44.79%.

Insider Buying and Selling

In other EOG Resources news, CFO Ann D. Janssen sold 2,597 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $134.31, for a total value of $348,803.07. Following the sale, the chief financial officer directly owned 100,246 shares in the company, valued at $13,464,040.26. This represents a 2.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief operating officer directly owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. The trade was a 3.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,371 shares of company stock valued at $1,294,698 over the last 90 days. 0.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On EOG Resources

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cullen Capital Management LLC grew its stake in EOG Resources by 4.7% in the 2nd quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after buying an additional 25,753 shares in the last quarter. Rockland Trust Co. raised its position in shares of EOG Resources by 5.1% during the 3rd quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock valued at $27,618,000 after buying an additional 11,965 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of EOG Resources by 21.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after acquiring an additional 11,442 shares during the last quarter. Railway Pension Investments Ltd lifted its holdings in shares of EOG Resources by 6.9% during the 2nd quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock worth $53,717,000 after acquiring an additional 28,800 shares during the last quarter. Finally, AlphaQuest LLC grew its position in EOG Resources by 1,413.5% in the third quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock worth $2,863,000 after acquiring an additional 23,846 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

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.