EOG Resources (NYSE:EOG) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of EOG Resources (NYSE:EOG – Get Rating) in a report released on Thursday. The brokerage issued a hold rating on the energy exploration company’s stock.

Several other analysts have also weighed in on the company. TD Securities reduced their price objective on EOG Resources from $150.00 to $145.00 and set a hold rating on the stock in a research note on Wednesday, March 8th. Morgan Stanley cut their price target on EOG Resources from $147.00 to $140.00 and set an overweight rating on the stock in a research note on Tuesday, January 24th. Johnson Rice lowered EOG Resources from a buy rating to a hold rating and cut their price target for the company from $177.00 to $163.00 in a research note on Monday, December 5th. Roth Capital reissued a buy rating on shares of EOG Resources in a research note on Friday, February 24th. Finally, Truist Financial cut their price target on EOG Resources from $152.00 to $146.00 in a research note on Thursday, December 15th. Five investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $152.45.

EOG Resources Stock Performance

NYSE:EOG opened at $102.75 on Thursday. The stock’s 50-day simple moving average is $123.48 and its 200 day simple moving average is $127.07. The firm has a market capitalization of $60.39 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 0.29 and a beta of 1.52. The company has a quick ratio of 1.71, a current ratio of 1.90 and a debt-to-equity ratio of 0.15. EOG Resources has a twelve month low of $92.16 and a twelve month high of $150.88.

EOG Resources (NYSE:EOG – Get Rating) last released its quarterly earnings data on Friday, February 24th. The energy exploration company reported $3.30 earnings per share for the quarter, missing the consensus estimate of $3.31 by ($0.01). The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.09 billion. EOG Resources had a net margin of 30.19% and a return on equity of 34.95%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business earned $3.09 earnings per share. On average, analysts anticipate that EOG Resources will post 12.58 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, April 14th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Thursday, April 13th. This represents a $3.30 dividend on an annualized basis and a yield of 3.21%. EOG Resources’s payout ratio is currently 24.98%.

Insiders Place Their Bets

In other EOG Resources news, Director Michael T. Kerr bought 20,000 shares of the stock in a transaction on Thursday, January 12th. The stock was acquired at an average cost of $130.49 per share, for a total transaction of $2,609,800.00. Following the completion of the acquisition, the director now owns 170,000 shares in the company, valued at approximately $22,183,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EOG Resources

Several hedge funds and other institutional investors have recently modified their holdings of the company. CENTRAL TRUST Co increased its holdings in shares of EOG Resources by 0.8% during the third quarter. CENTRAL TRUST Co now owns 9,118 shares of the energy exploration company’s stock valued at $1,019,000 after acquiring an additional 74 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of EOG Resources by 6.3% during the third quarter. Farmers & Merchants Investments Inc. now owns 1,260 shares of the energy exploration company’s stock valued at $141,000 after acquiring an additional 75 shares in the last quarter. Hallmark Capital Management Inc. increased its holdings in shares of EOG Resources by 3.6% during the third quarter. Hallmark Capital Management Inc. now owns 2,197 shares of the energy exploration company’s stock valued at $245,000 after acquiring an additional 77 shares in the last quarter. Bollard Group LLC increased its holdings in shares of EOG Resources by 0.7% during the fourth quarter. Bollard Group LLC now owns 10,569 shares of the energy exploration company’s stock valued at $1,369,000 after acquiring an additional 77 shares in the last quarter. Finally, Bogart Wealth LLC increased its holdings in shares of EOG Resources by 24.8% during the third quarter. Bogart Wealth LLC now owns 397 shares of the energy exploration company’s stock valued at $44,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 87.40% of the company’s stock.

EOG Resources Company Profile

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EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad & Tobago, and Other International segments. The company was founded in 1985 and is headquartered in Houston, TX.