EOG Resources (NYSE:EOG) Price Target Cut to $144.00 by Analysts at Sanford C. Bernstein

EOG Resources (NYSE:EOG) had its price target cut by Sanford C. Bernstein from $146.00 to $144.00 in a research report report published on Friday morning,MarketScreener reports. They currently have a market perform rating on the energy exploration company’s stock.

Other equities research analysts have also issued reports about the company. Royal Bank Of Canada upped their price target on EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Siebert Williams Shank dropped their target price on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Scotiabank restated a “sector perform” rating and issued a $130.00 price target on shares of EOG Resources in a research report on Friday, September 26th. Piper Sandler decreased their price target on shares of EOG Resources from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Morgan Stanley boosted their price objective on shares of EOG Resources from $136.00 to $138.00 and gave the company an “equal weight” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, EOG Resources currently has an average rating of “Hold” and an average target price of $140.33.

EOG Resources Stock Up 0.9%

Shares of EOG stock traded up $0.91 during trading hours on Friday, hitting $106.98. 3,794,089 shares of the company were exchanged, compared to its average volume of 3,634,964. The stock has a market capitalization of $58.05 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 8.20 and a beta of 0.72. EOG Resources has a one year low of $102.52 and a one year high of $138.18. The business’s 50-day simple moving average is $109.93 and its two-hundred day simple moving average is $115.33. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the prior year, the firm posted $2.89 earnings per share. EOG Resources’s revenue for the quarter was down 2.0% compared to the same quarter last year. Sell-side analysts predict that EOG Resources will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is 40.64%.

Institutional Investors Weigh In On EOG Resources

Several large investors have recently made changes to their positions in the company. Capital World Investors grew its holdings in EOG Resources by 1.4% in the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after buying an additional 782,426 shares in the last quarter. Vanguard Group Inc. boosted its position in EOG Resources by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock worth $6,922,633,000 after acquiring an additional 348,895 shares during the period. Capital Research Global Investors grew its stake in shares of EOG Resources by 0.5% in the third quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock worth $2,794,784,000 after purchasing an additional 122,486 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of EOG Resources by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock valued at $2,485,402,000 after purchasing an additional 1,188,552 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of EOG Resources by 4.2% during the second quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock valued at $736,712,000 after purchasing an additional 249,984 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

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.