EOG Resources, Inc. (NYSE:EOG) Stock Has Consensus Price Target of $160.56 According to Analysts

EOG Resources, Inc. (NYSE:EOG) has been given a consensus recommendation of “Hold” by the twenty-eight research firms that are presently covering the company, MarketBeat reports. Seventeen equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $161.24.

A number of equities research analysts have commented on the company. Citigroup reiterated a “neutral” rating and set a $150.00 target price (up from $141.00) on shares of EOG Resources in a report on Thursday, August 27th. Stifel Nicolaus assumed coverage on EOG Resources in a research note on Thursday, September 10th. They issued a “hold” rating and a $158.00 target price for the company. Wells Fargo & Company restated an “overweight” rating and issued a $193.00 price target (down from $196.00) on shares of EOG Resources in a research note on Thursday, August 13th. Barclays set a $147.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Finally, Seaport Research Partners assumed coverage on EOG Resources in a research note on Thursday, September 3rd. They set a “neutral” rating for the company.

EOG Resources Trading Down 0.1%

EOG stock opened at $157.79 on Friday. The company’s 50-day simple moving average is $147.21 and its 200-day simple moving average is $140.65. The firm has a market cap of $82.76 billion, a P/E ratio of 12.28, a PEG ratio of 0.56 and a beta of 0.36. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. EOG Resources has a 52-week low of $101.59 and a 52-week high of $160.31.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same period last year, the company earned $2.32 EPS. The company’s quarterly revenue was up 57.4% on a year-over-year basis. As a group, equities analysts forecast that EOG Resources will post 17.48 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.6%. EOG Resources’s payout ratio is presently 31.75%.

Insider Activity

In other news, EVP Michael Donaldson sold 7,336 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $148.00, for a total value of $1,085,728.00. Following the transaction, the executive vice president directly owned 100,558 shares of the company’s stock, valued at approximately $14,882,584. This represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jeffrey Leitzell sold 9,039 shares of the stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $140.61, for a total value of $1,270,973.79. Following the completion of the transaction, the chief operating officer owned 90,790 shares in the company, valued at $12,765,981.90. This represents a 9.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,317 shares of company stock worth $7,823,480 in the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On EOG Resources

A number of institutional investors have recently modified their holdings of the company. Patrick M Sweeney & Associates Inc. boosted its position in shares of EOG Resources by 3.6% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 1,895 shares of the energy exploration company’s stock valued at $261,000 after acquiring an additional 65 shares during the period. Summitry LLC raised its stake in shares of EOG Resources by 1.5% in the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock valued at $699,000 after buying an additional 73 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its position in shares of EOG Resources by 2.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,762 shares of the energy exploration company’s stock valued at $381,000 after acquiring an additional 76 shares in the last quarter. Twin Capital Management Inc. grew its position in EOG Resources by 0.3% in the first quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock valued at $3,467,000 after acquiring an additional 79 shares during the period. Finally, Sax Wealth Advisors LLC grew its stake in EOG Resources by 2.8% during the second quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company’s stock worth $377,000 after buying an additional 79 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.