EOG Resources, Inc. (NYSE:EOG) Receives $156.32 Consensus Price Target from Brokerages

Shares of EOG Resources, Inc. (NYSE:EOG) have been given an average rating of “Moderate Buy” by the thirty research firms that are currently covering the company, Marketbeat.com reports. Sixteen equities research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $156.3214.

Several analysts have commented on EOG shares. Jefferies Financial Group raised their price objective on shares of EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Stephens lowered their price objective on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Capital One Financial lowered their price objective on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. BMO Capital Markets raised their price objective on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Finally, The Goldman Sachs Group raised their target price on shares of EOG Resources from $135.00 to $139.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th.

EOG Resources Stock Performance

EOG Resources stock opened at $130.05 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average of $135.96 and a 200-day moving average of $124.75. The firm has a market cap of $69.27 billion, a P/E ratio of 12.80 and a beta of 0.25. EOG Resources has a 1-year low of $101.59 and a 1-year high of $151.87.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. EOG Resources’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.87 earnings per share. Sell-side analysts expect that EOG Resources will post 16.63 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were 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 owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On EOG Resources

Several institutional investors and hedge funds have recently made changes to their positions in the company. Western Wealth Management LLC bought a new stake in shares of EOG Resources during the first quarter valued at approximately $494,000. Rathbones Group PLC increased its position in shares of EOG Resources by 1.5% during the first quarter. Rathbones Group PLC now owns 24,372 shares of the energy exploration company’s stock valued at $3,523,000 after acquiring an additional 351 shares in the last quarter. Parallel Advisors LLC increased its position in shares of EOG Resources by 7.5% during the first quarter. Parallel Advisors LLC now owns 6,078 shares of the energy exploration company’s stock valued at $879,000 after acquiring an additional 424 shares in the last quarter. First Nebraska Trust Co bought a new stake in shares of EOG Resources during the first quarter valued at approximately $10,252,000. Finally, Glenmede Trust Co. NA increased its position in shares of EOG Resources by 3.8% during the first quarter. Glenmede Trust Co. NA now owns 13,294 shares of the energy exploration company’s stock valued at $1,922,000 after acquiring an additional 491 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

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.