EOG Resources (NYSE:EOG) Now Covered by Analysts at Truist Financial

Equities researchers at Truist Financial started coverage on shares of EOG Resources (NYSE:EOG) in a research report issued on Tuesday. The firm set a “hold” rating and a $146.00 price target on the energy exploration company’s stock. Truist Financial’s price target would indicate a potential upside of 4.65% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group boosted their target price on EOG Resources from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Mizuho raised their price objective on shares of EOG Resources from $134.00 to $146.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Sanford C. Bernstein restated a “market perform” rating and set a $126.00 price objective (down from $144.00) on shares of EOG Resources in a research report on Monday, January 5th. Scotiabank set a $123.00 target price on shares of EOG Resources and gave the company a “sector perform” rating in a research report on Friday, January 16th. Finally, Roth Mkm reiterated a “neutral” rating and set a $110.00 price target on shares of EOG Resources in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have given a Hold rating to the company. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus target price of $138.52.

EOG Resources Stock Performance

Shares of EOG stock opened at $139.52 on Tuesday. The company has a market cap of $74.85 billion, a P/E ratio of 15.31, a PEG ratio of 3.75 and a beta of 0.44. The firm has a fifty day moving average price of $120.32 and a 200 day moving average price of $113.04. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. EOG Resources has a 12 month low of $101.59 and a 12 month high of $141.13.

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

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the transaction, the chief operating officer directly owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. This trade represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,532 shares of company stock worth $1,877,405 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

Several hedge funds have recently made changes to their positions in the business. Sivia Capital Partners LLC acquired a new position in EOG Resources in the 2nd quarter valued at about $258,000. Waterloo Capital L.P. raised its stake in EOG Resources by 12.3% during the 2nd quarter. Waterloo Capital L.P. now owns 1,871 shares of the energy exploration company’s stock valued at $224,000 after acquiring an additional 205 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in EOG Resources during the 2nd quarter worth approximately $860,000. Horizon Kinetics Asset Management LLC lifted its position in EOG Resources by 2.9% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 10,593 shares of the energy exploration company’s stock worth $1,267,000 after acquiring an additional 300 shares during the period. Finally, CreativeOne Wealth LLC grew its stake in shares of EOG Resources by 21.9% in the 2nd quarter. CreativeOne Wealth LLC now owns 16,502 shares of the energy exploration company’s stock valued at $1,974,000 after purchasing an additional 2,961 shares during the last quarter. Institutional investors and hedge funds 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.