EOG Resources (NYSE:EOG) Lowered to “Hold” at StockNews.com

EOG Resources (NYSE:EOG) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Several other research analysts have also recently issued reports on EOG. Bank of America reissued a “buy” rating and issued a $151.00 price target on shares of EOG Resources in a research note on Friday, June 14th. Truist Financial lowered their price target on EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Wolfe Research started coverage on EOG Resources in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Scotiabank decreased their target price on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Finally, KeyCorp initiated coverage on shares of EOG Resources in a research report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price target on the stock. Fourteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $143.58.

EOG Resources Trading Up 1.2 %

EOG Resources stock opened at $123.19 on Monday. EOG Resources has a 52-week low of $108.94 and a 52-week high of $139.67. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $70.80 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 2.95 and a beta of 1.28. The firm has a 50-day moving average price of $125.80 and a two-hundred day moving average price of $126.44.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the previous year, the firm posted $2.49 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Sell-side analysts expect that EOG Resources will post 12.2 earnings per share for the current year.

Insider Activity

In related news, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now directly owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the sale, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock worth $2,751,612 in the last 90 days. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

Institutional investors and hedge funds have recently modified their holdings of the business. Riverview Trust Co bought a new position in EOG Resources during the second quarter valued at about $27,000. MFA Wealth Advisors LLC acquired a new position in shares of EOG Resources during the 2nd quarter valued at about $28,000. Gladius Capital Management LP acquired a new position in shares of EOG Resources during the 2nd quarter valued at about $30,000. Sachetta LLC bought a new position in shares of EOG Resources in the 4th quarter valued at approximately $33,000. Finally, Triad Wealth Partners LLC acquired a new stake in EOG Resources in the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.