EOG Resources (NYSE:EOG) Price Target Raised to $157.00 at KeyCorp

EOG Resources (NYSE:EOG) had its price objective hoisted by KeyCorp from $147.00 to $157.00 in a research note released on Monday morning, Benzinga reports. KeyCorp currently has an overweight rating on the energy exploration company’s stock.

EOG has been the topic of a number of other research reports. Royal Bank of Canada reiterated a sector perform rating and issued a $145.00 price objective on shares of EOG Resources in a research note on Tuesday, April 9th. Morgan Stanley raised their price target on shares of EOG Resources from $132.00 to $133.00 and gave the company an equal weight rating in a research report on Monday, April 15th. Susquehanna raised their price target on shares of EOG Resources from $147.00 to $155.00 and gave the company a positive rating in a research report on Monday. Piper Sandler raised their price target on shares of EOG Resources from $141.00 to $153.00 and gave the company an overweight rating in a research report on Friday. Finally, Raymond James dropped their price target on shares of EOG Resources from $148.00 to $145.00 and set a strong-buy rating on the stock in a research report on Wednesday, January 24th. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $142.33.

EOG Resources Stock Up 0.5 %

NYSE:EOG opened at $133.90 on Monday. The firm has a market capitalization of $77.02 billion, a P/E ratio of 10.29 and a beta of 1.40. EOG Resources has a 1-year low of $106.32 and a 1-year high of $139.67. The company’s fifty day moving average price is $123.87 and its 200-day moving average price is $122.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.30 EPS. As a group, equities research analysts anticipate that EOG Resources will post 12.07 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio is currently 27.98%.

Hedge Funds Weigh In On EOG Resources

Several hedge funds and other institutional investors have recently modified their holdings of the business. Capital World Investors lifted its stake in shares of EOG Resources by 59.2% in the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock worth $3,074,660,000 after buying an additional 9,455,621 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of EOG Resources by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company’s stock worth $1,639,903,000 after buying an additional 145,691 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of EOG Resources by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after buying an additional 892,951 shares in the last quarter. Morgan Stanley lifted its stake in shares of EOG Resources by 1.5% in the third quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock worth $987,432,000 after buying an additional 116,860 shares in the last quarter. Finally, Northern Trust Corp raised its stake in EOG Resources by 3.1% during the third quarter. Northern Trust Corp now owns 6,260,706 shares of the energy exploration company’s stock worth $793,607,000 after purchasing an additional 185,882 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

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.