EOG Resources (NYSE:EOG) Price Target Lowered to $150.00 at KeyCorp

EOG Resources (NYSE:EOG) had its price objective decreased by KeyCorp from $157.00 to $150.00 in a research note issued to investors on Wednesday, Benzinga reports. KeyCorp currently has an overweight rating on the energy exploration company’s stock.

Other research analysts have also recently issued reports about the stock. Evercore ISI cut their price target on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. Barclays cut their target price on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Scotiabank decreased their price target on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Piper Sandler cut their price objective on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Finally, JPMorgan Chase & Co. decreased their target price on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Fourteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $141.20.

EOG Resources Trading Down 0.3 %

NYSE:EOG opened at $126.62 on Wednesday. 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 stock has a market capitalization of $72.77 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 3.38 and a beta of 1.28. The firm has a fifty day simple moving average of $126.24 and a two-hundred day simple moving average of $127.11.

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

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.87%. The ex-dividend date is Thursday, October 17th. EOG Resources’s payout ratio is currently 28.75%.

Insider Activity at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now 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 transaction was disclosed in a filing with the SEC, which is available through this link. In other news, 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 in the company, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction 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 sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,537 shares of company stock worth $2,751,612. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

Large investors have recently modified their holdings of the company. Riverview Trust Co acquired a new position in shares of EOG Resources in the second quarter valued at approximately $27,000. MFA Wealth Advisors LLC purchased a new stake in EOG Resources in the 2nd quarter valued at approximately $28,000. Gladius Capital Management LP acquired a new stake in shares of EOG Resources during the second quarter valued at $30,000. Triad Wealth Partners LLC acquired a new stake in shares of EOG Resources during the 2nd quarter worth about $35,000. Finally, Norwood Financial Corp purchased a new stake in shares of EOG Resources during the first quarter worth about $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.