EOG Resources’ (EOG) “Neutral” Rating Reiterated at Mizuho

Mizuho reaffirmed their neutral rating on shares of EOG Resources (NYSE:EOG) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has a $140.00 price target on the energy exploration company’s stock, down from their prior price target of $148.00.

EOG has been the topic of a number of other research reports. Barclays reduced their target price on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 18th. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Truist Financial raised their price target on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, Piper Sandler lowered their price objective on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Thirteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $144.95.

EOG Resources Trading Down 0.8 %

EOG opened at $127.26 on Tuesday. The stock has a market capitalization of $70.49 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 3.58 and a beta of 1.25. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources has a twelve month low of $115.78 and a twelve month high of $139.67. The company has a 50-day simple moving average of $128.82 and a 200 day simple moving average of $127.60.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. The company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Analysts predict that EOG Resources will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.06%. EOG Resources’s dividend payout ratio (DPR) is 34.73%.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EOG. World Investment Advisors LLC acquired a new stake in EOG Resources during the third quarter worth approximately $730,000. Mountain Lake Investment Management LLC bought a new position in shares of EOG Resources during the 4th quarter worth approximately $735,000. Oak Ridge Investments LLC grew its position in shares of EOG Resources by 5.9% during the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock worth $5,059,000 after buying an additional 2,311 shares during the period. Tobam acquired a new stake in shares of EOG Resources during the 4th quarter worth approximately $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of EOG Resources by 161.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company’s stock valued at $550,000 after acquiring an additional 2,773 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Company Profile

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.