EOG Resources (NYSE:EOG) Price Target Raised to $152.00

EOG Resources (NYSE:EOG) had its price target raised by Wolfe Research from $140.00 to $152.00 in a report released on Monday,MarketScreener reports.

EOG has been the subject of several other reports. Scotiabank set a $123.00 price target on EOG Resources and gave the stock a “sector perform” rating in a research note on Friday, January 16th. Raymond James Financial increased their target price on EOG Resources from $153.00 to $157.00 and gave the company a “strong-buy” rating in a research report on Friday, February 13th. Roth Mkm reissued a “neutral” rating and issued a $110.00 target price on shares of EOG Resources in a report on Wednesday, February 25th. Capital One Financial decreased their price target on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada set a $138.00 price objective on EOG Resources and gave the company an “outperform” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $135.77.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $132.57 on Monday. EOG Resources has a 12-month low of $101.59 and a 12-month high of $134.36. The firm has a market capitalization of $71.12 billion, a price-to-earnings ratio of 14.55 and a beta of 0.44. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $115.32 and a 200 day moving average of $112.36.

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, topping 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 business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. During the same quarter in the prior year, the business posted $2.74 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, research analysts anticipate that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.1%. The ex-dividend date is Thursday, April 16th. EOG Resources’s payout ratio is 44.79%.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was 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 in the company, valued at $7,685,125. The trade was a 3.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 7,774 shares of company stock valued at $945,895 over the last 90 days. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On EOG Resources

Several hedge funds and other institutional investors have recently bought and sold shares of EOG. Cullen Capital Management LLC raised its position in shares of EOG Resources by 4.7% during the 2nd quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after purchasing an additional 25,753 shares during the last quarter. Rockland Trust Co. grew its position in shares of EOG Resources by 5.1% in the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock valued at $27,618,000 after purchasing an additional 11,965 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of EOG Resources by 21.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock valued at $7,380,000 after purchasing an additional 11,442 shares during the last quarter. Railway Pension Investments Ltd lifted its position in EOG Resources by 6.9% during the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock worth $53,717,000 after buying an additional 28,800 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in EOG Resources by 1,413.5% during the third quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock worth $2,863,000 after buying an additional 23,846 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

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.