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

EOG Resources (NYSE:EOG) had its price objective cut by Scotiabank from $150.00 to $140.00 in a report issued on Thursday morning, Benzinga reports. They currently have a sector perform rating on the energy exploration company’s stock.

A number of other research analysts have also issued reports on the company. KeyCorp started coverage on EOG Resources in a research report on Thursday, June 27th. They set an overweight rating and a $157.00 price objective for the company. Truist Financial dropped their price objective on shares of EOG Resources from $130.00 to $115.00 and set a hold rating on the stock in a report on Monday, September 30th. Barclays reduced their target price on shares of EOG Resources from $144.00 to $137.00 and set an equal weight rating for the company in a research note on Thursday, October 3rd. Wolfe Research began coverage on shares of EOG Resources in a research report on Thursday, July 18th. They issued a peer perform rating for the company. Finally, JPMorgan Chase & Co. cut their price target on EOG Resources from $143.00 to $135.00 and set a neutral rating on the stock in a report on Thursday, September 12th. Fourteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, EOG Resources presently has a consensus rating of Hold and an average price target of $141.65.

EOG Resources Stock Performance

EOG Resources stock opened at $132.45 on Thursday. The company has a market cap of $76.12 billion, a PE ratio of 10.46, a P/E/G ratio of 3.38 and a beta of 1.28. EOG Resources has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a fifty day moving average price of $125.89 and a two-hundred day moving average price of $127.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.49 EPS. Research analysts expect that EOG Resources will post 11.83 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.75%. EOG Resources’s dividend payout ratio is currently 28.75%.

Insider Transactions at EOG Resources

In other news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,537 shares of company stock valued at $2,751,612 in the last three months. 0.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Riverview Trust Co purchased a new position in EOG Resources during the 2nd quarter valued at about $27,000. MFA Wealth Advisors LLC acquired a new stake in shares of EOG Resources during the second quarter worth approximately $28,000. Gladius Capital Management LP acquired a new position in EOG Resources in the 2nd quarter valued at approximately $30,000. Triad Wealth Partners LLC purchased a new stake in EOG Resources in the 2nd quarter worth approximately $35,000. Finally, Norwood Financial Corp acquired a new stake in shares of EOG Resources during the 1st quarter valued at $37,000. 89.91% of the stock is owned by institutional investors and hedge funds.

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.