EOG Resources (NYSE:EOG) Price Target Raised to $146.00 at Jefferies Financial Group

EOG Resources (NYSE:EOG) had its price objective hoisted by Jefferies Financial Group from $140.00 to $146.00 in a research report released on Monday,MarketScreener reports. Jefferies Financial Group currently has a buy rating on the energy exploration company’s stock.

EOG has been the subject of a number of other reports. Susquehanna reduced their price objective on shares of EOG Resources from $151.00 to $144.00 and set a “positive” rating for the company in a research note on Thursday, February 26th. Barclays cut their price target on EOG Resources from $136.00 to $133.00 and set an “equal weight” rating for the company in a report on Wednesday, January 21st. Zacks Research lowered EOG Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Roth Mkm reissued a “neutral” rating and set a $110.00 price objective on shares of EOG Resources in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. upped their price target on EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus target price of $134.81.

EOG Resources Trading Up 3.6%

Shares of EOG stock opened at $128.53 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The firm has a market cap of $68.95 billion, a P/E ratio of 14.11 and a beta of 0.44. The company has a 50 day moving average of $111.71 and a 200-day moving average of $111.75. EOG Resources has a 12-month low of $101.59 and a 12-month high of $130.52.

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

EOG Resources Announces Dividend

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

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the sale, the chief operating officer owned 61,481 shares of the company’s stock, valued at $7,685,125. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On EOG Resources

Large investors have recently added to or reduced their stakes in the business. Hemington Wealth Management increased its stake in EOG Resources by 7.2% during the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock worth $155,000 after buying an additional 93 shares during the period. Bollard Group LLC grew its stake in shares of EOG Resources by 0.8% in the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after acquiring an additional 93 shares in the last quarter. apricus wealth LLC increased its position in shares of EOG Resources by 5.0% during the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock worth $224,000 after acquiring an additional 95 shares during the period. Sowell Financial Services LLC raised its stake in shares of EOG Resources by 1.6% in the third quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock valued at $699,000 after acquiring an additional 96 shares in the last quarter. Finally, Hardy Reed LLC raised its stake in shares of EOG Resources by 4.5% in the third quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock valued at $254,000 after acquiring an additional 97 shares in the last quarter. Hedge funds and other 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.