Susquehanna Cuts EOG Resources (NYSE:EOG) Price Target to $151.00

EOG Resources (NYSE:EOG) had its target price decreased by Susquehanna from $161.00 to $151.00 in a report published on Monday, Marketbeat Ratings reports. Susquehanna currently has a positive rating on the energy exploration company’s stock.

EOG has been the subject of several other reports. Capital One Financial lowered their price objective on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Zacks Research cut EOG Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Wolfe Research dropped their price target on EOG Resources from $138.00 to $134.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Jefferies Financial Group set a $140.00 price objective on EOG Resources in a report on Wednesday, January 14th. Finally, KeyCorp cut EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $134.07.

EOG Resources Trading Up 2.3%

NYSE EOG opened at $111.06 on Monday. The company has a market cap of $60.26 billion, a P/E ratio of 11.06, a P/E/G ratio of 9.38 and a beta of 0.49. EOG Resources has a 12 month low of $101.59 and a 12 month high of $135.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The company has a 50-day moving average of $106.70 and a 200-day moving average of $111.87.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The business had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the company earned $2.89 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, equities analysts predict that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 3.7%. EOG Resources’s payout ratio is 40.64%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the sale, the chief operating officer owned 54,979 shares of the company’s stock, valued at $5,810,180.72. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its holdings in EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares in the last quarter. Raleigh Capital Management Inc. purchased a new position in EOG Resources in the 2nd quarter valued at about $29,000. JCIC Asset Management Inc. acquired a new stake in shares of EOG Resources during the third quarter valued at about $32,000. Olistico Wealth LLC purchased a new stake in shares of EOG Resources during the fourth quarter worth about $33,000. Finally, ORG Partners LLC lifted its stake in shares of EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after acquiring an additional 88 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other 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.