EOG Resources (NYSE:EOG) Price Target Cut to $136.00 by Analysts at Morgan Stanley

EOG Resources (NYSE:EOG) had its price target decreased by Morgan Stanley from $142.00 to $136.00 in a research report report published on Thursday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the energy exploration company’s stock.

A number of other analysts have also recently commented on EOG. JPMorgan Chase & Co. lowered their price target on EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Barclays dropped their price objective on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 18th. Wells Fargo & Company decreased their target price on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Finally, Williams Trading set a $154.00 price objective on EOG Resources in a report on Wednesday, March 5th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $144.67.

EOG Resources Trading Down 1.8 %

Shares of NYSE EOG opened at $126.84 on Thursday. EOG Resources has a fifty-two week low of $115.78 and a fifty-two week high of $139.67. The firm has a market capitalization of $70.26 billion, a P/E ratio of 10.21, a P/E/G ratio of 3.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company’s 50 day simple moving average is $128.43 and its 200 day simple moving average is $127.61.

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

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’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 completion of the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On EOG Resources

Large investors have recently made changes to their positions in the company. Financial Life Planners bought a new position in EOG Resources during the 4th quarter worth $25,000. Y.D. More Investments Ltd grew its stake in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new position in EOG Resources during the fourth quarter worth about $25,000. Decker Retirement Planning Inc. acquired a new stake in EOG Resources in the 4th quarter worth about $27,000. Finally, Keystone Financial Group Inc. bought a new stake in EOG Resources in the 4th quarter valued at about $27,000. 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.