EOG Resources (NYSE:EOG) Price Target Lowered to $154.00 at UBS Group

EOG Resources (NYSE:EOG) had its price target reduced by UBS Group from $167.00 to $154.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the energy exploration company’s stock.

EOG has been the topic of several other research reports. Citigroup boosted their price objective on EOG Resources from $124.00 to $130.00 and gave the company a neutral rating in a report on Friday, May 24th. Wolfe Research assumed coverage on shares of EOG Resources in a research note on Thursday, July 18th. They set a peer perform rating on the stock. Piper Sandler decreased their price target on shares of EOG Resources from $154.00 to $147.00 and set an overweight rating for the company in a research report on Thursday, August 15th. Royal Bank of Canada reaffirmed a sector perform rating and set a $147.00 price objective on shares of EOG Resources in a research report on Wednesday, July 10th. Finally, Sanford C. Bernstein reduced their price target on EOG Resources from $139.00 to $125.00 and set a market perform rating on the stock in a research report on Wednesday, July 17th. Fourteen analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $142.89.

EOG Resources Stock Up 0.6 %

Shares of NYSE:EOG opened at $126.01 on Wednesday. The business has a 50-day moving average price of $125.65 and a 200 day moving average price of $126.49. EOG Resources has a 12-month low of $108.94 and a 12-month high of $139.67. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $72.42 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 2.95 and a beta of 1.28.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.49 EPS. Sell-side analysts expect that EOG Resources will post 12.2 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.89%. EOG Resources’s dividend payout ratio is presently 28.75%.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the sale, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,537 shares of company stock valued at $2,751,612. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

A number of institutional investors have recently added to or reduced their stakes in EOG. Aveo Capital Partners LLC grew its holdings in EOG Resources by 4.8% during the fourth quarter. Aveo Capital Partners LLC now owns 2,194 shares of the energy exploration company’s stock worth $265,000 after acquiring an additional 101 shares during the period. Brown Advisory Inc. increased its holdings in shares of EOG Resources by 1.0% in the 4th quarter. Brown Advisory Inc. now owns 38,095 shares of the energy exploration company’s stock valued at $4,608,000 after purchasing an additional 394 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in EOG Resources during the fourth quarter worth about $508,000. Coldstream Capital Management Inc. grew its position in EOG Resources by 4.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 5,196 shares of the energy exploration company’s stock worth $628,000 after buying an additional 199 shares during the period. Finally, Sachetta LLC purchased a new position in EOG Resources in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.