Brokerages Set EOG Resources, Inc. (NYSE:EOG) Price Target at $145.33

Shares of EOG Resources, Inc. (NYSE:EOG) have been given an average recommendation of “Hold” by the twenty-one analysts that are currently covering the stock, MarketBeat Ratings reports. Twelve analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $144.67.

Several brokerages have recently commented on EOG. Benchmark restated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Wells Fargo & Company lowered their price target on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Citigroup cut their price objective on EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Finally, Piper Sandler cut their price target on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by company insiders.

Institutional Trading of EOG Resources

A number of large investors have recently made changes to their positions in EOG. Financial Life Planners purchased a new stake in EOG Resources in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd raised its position in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 121 shares during the last quarter. Mainstream Capital Management LLC acquired a new stake in EOG Resources during the 4th quarter worth $25,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources during the 4th quarter worth $27,000. Finally, Keystone Financial Group Inc. acquired a new position in EOG Resources in the fourth quarter valued at $27,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Down 0.1 %

Shares of EOG Resources stock opened at $126.55 on Friday. EOG Resources has a fifty-two week low of $115.78 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market capitalization of $70.10 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 3.58 and a beta of 1.25. The stock has a 50 day moving average of $128.23 and a 200 day moving average of $127.65.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. As a group, research analysts predict that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

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.