EOG Resources (NYSE:EOG) Price Target Raised to $134.00

EOG Resources (NYSE:EOG) had its price target raised by Roth Mkm from $110.00 to $134.00 in a research report released on Wednesday morning,MarketScreener reports. They currently have a neutral rating on the energy exploration company’s stock.

Several other equities research analysts have also recently issued reports on the company. Barclays boosted their price target on EOG Resources from $133.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a research note on Thursday, January 22nd. Raymond James Financial boosted their price target on EOG Resources from $157.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Friday, March 27th. BMO Capital Markets boosted their price target on EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, April 1st. Finally, Wolfe Research boosted their price target on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $151.11.

EOG Resources Trading Down 4.2%

Shares of NYSE:EOG opened at $128.45 on Wednesday. EOG Resources has a 12-month low of $101.59 and a 12-month high of $151.87. The stock has a market cap of $68.81 billion, a PE ratio of 14.10, a P/E/G ratio of 2.68 and a beta of 0.32. The business has a 50 day moving average of $132.12 and a 200-day moving average of $116.11. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.74 earnings per share. As a group, equities research analysts forecast that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 3.2%. EOG Resources’s dividend payout ratio is presently 44.79%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,230 shares of company stock valued at $2,522,568 over the last 90 days. Corporate insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acumen Wealth Advisors LLC acquired a new position in shares of EOG Resources during the fourth quarter worth $25,000. Prosperity Bancshares Inc acquired a new position in shares of EOG Resources during the fourth quarter worth $26,000. JCIC Asset Management Inc. acquired a new position in shares of EOG Resources during the third quarter worth $32,000. Gen Wealth Partners Inc acquired a new position in shares of EOG Resources during the fourth quarter worth $30,000. Finally, Nemes Rush Group LLC acquired a new position in shares of EOG Resources during the fourth quarter worth $30,000. 89.91% of the stock is currently owned by institutional investors.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.