EOG Resources, Inc. (NYSE:EOG) Receives $134.07 Average PT from Analysts

Shares of EOG Resources, Inc. (NYSE:EOG) have been assigned a consensus rating of “Hold” from the twenty-nine ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, sixteen have given a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $134.1481.

Several research analysts have recently commented on the stock. Citigroup restated a “neutral” rating and set a $115.00 price target (down previously from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. Roth Mkm lowered their target price on shares of EOG Resources from $114.00 to $108.00 and set a “neutral” rating on the stock in a research report on Friday, January 23rd. Stephens raised their target price on EOG Resources from $138.00 to $139.00 and gave the company an “equal weight” rating in a report on Thursday. Jefferies Financial Group set a $140.00 price target on EOG Resources in a research note on Wednesday, January 14th. Finally, Susquehanna lowered their price objective on EOG Resources from $161.00 to $151.00 and set a “positive” rating on the stock in a report on Monday, January 26th.

Insider Buying and Selling

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 stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief operating officer owned 54,979 shares in the company, 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 document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EOG. Hemington Wealth Management boosted its holdings in EOG Resources by 7.2% during the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after acquiring an additional 93 shares during the period. Bollard Group LLC lifted its position in shares of EOG Resources by 0.8% during the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after purchasing an additional 93 shares during the last quarter. apricus wealth LLC boosted its stake in EOG Resources by 5.0% during the 3rd quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock valued at $224,000 after purchasing an additional 95 shares during the period. Sowell Financial Services LLC grew its holdings in EOG Resources by 1.6% in the 3rd quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock valued at $699,000 after buying an additional 96 shares during the last quarter. Finally, Hardy Reed LLC grew its holdings in EOG Resources by 4.5% in the 3rd quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock valued at $254,000 after buying an additional 97 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Down 0.5%

EOG opened at $117.67 on Tuesday. The company has a market capitalization of $63.85 billion, a PE ratio of 11.72 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. EOG Resources has a fifty-two week low of $101.59 and a fifty-two week high of $135.87. The business has a 50-day moving average of $107.88 and a 200-day moving average of $111.50.

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.