EOG Resources, Inc. (NYSE:EOG) Receives $145.33 Average Target Price from Analysts

EOG Resources, Inc. (NYSE:EOG) has earned a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the stock, MarketBeat.com reports. Eleven analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $145.33.

EOG has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Truist Financial boosted their price target on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Citigroup reduced their price objective on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. Finally, Mizuho reduced their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th.

EOG Resources Price Performance

Shares of EOG opened at $128.35 on Friday. The company has a market capitalization of $71.10 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. EOG Resources has a fifty-two week low of $115.78 and a fifty-two week high of $139.67. The firm has a 50-day simple moving average of $128.99 and a 200-day simple moving average of $127.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. On average, equities research analysts anticipate 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 Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. 111 Capital acquired a new position in EOG Resources in the fourth quarter valued at $680,000. PKO Investment Management Joint Stock Co purchased a new position in shares of EOG Resources during the 4th quarter worth about $2,121,000. Audent Global Asset Management LLC lifted its holdings in shares of EOG Resources by 427.3% during the 4th quarter. Audent Global Asset Management LLC now owns 12,639 shares of the energy exploration company’s stock worth $1,549,000 after acquiring an additional 10,242 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in EOG Resources in the fourth quarter valued at approximately $26,062,000. Finally, Heck Capital Advisors LLC acquired a new position in EOG Resources during the fourth quarter worth approximately $78,000. Hedge funds and other institutional investors 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.