Susquehanna Lowers EOG Resources (NYSE:EOG) Price Target to $158.00

EOG Resources (NYSE:EOG) had its price objective decreased by Susquehanna from $159.00 to $158.00 in a research report report published on Wednesday morning, Benzinga reports. Susquehanna currently has a positive rating on the energy exploration company’s stock.

Other equities analysts also recently issued reports about the stock. UBS Group lifted their target price on shares of EOG Resources from $166.00 to $167.00 and gave the stock a buy rating in a research note on Tuesday, August 20th. Wolfe Research assumed coverage on shares of EOG Resources in a research report on Thursday, July 18th. They set a peer perform rating on the stock. KeyCorp began coverage on EOG Resources in a research report on Thursday, June 27th. They issued an overweight rating and a $157.00 price objective for the company. Royal Bank of Canada restated a sector perform rating and issued a $147.00 target price on shares of EOG Resources in a research report on Wednesday, July 10th. Finally, Citigroup increased their price target on EOG Resources from $124.00 to $130.00 and gave the stock a neutral rating in a report on Friday, May 24th. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $143.95.

EOG Resources Price Performance

EOG stock opened at $122.78 on Wednesday. EOG Resources has a 1 year low of $108.94 and a 1 year high of $139.67. The firm has a market capitalization of $70.56 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 3.22 and a beta of 1.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. The business has a 50 day simple moving average of $126.84 and a 200-day simple moving average of $125.98.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. During the same period in the prior year, the business earned $2.49 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts anticipate that EOG Resources will post 12.2 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.96%. EOG Resources’s dividend payout ratio is presently 28.75%.

Insider Transactions at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction on 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction 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 completion of the sale, the director now directly owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The shares were 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 approximately $9,615,375. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of EOG Resources

Institutional investors have recently bought and sold shares of the business. MUFG Securities EMEA plc purchased a new stake in EOG Resources during the fourth quarter worth approximately $5,443,000. Dai ichi Life Insurance Company Ltd lifted its position in shares of EOG Resources by 15.3% during the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock worth $5,620,000 after buying an additional 6,154 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of EOG Resources by 2.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 991,055 shares of the energy exploration company’s stock valued at $119,868,000 after buying an additional 22,638 shares in the last quarter. Johnson Investment Counsel Inc. grew its position in shares of EOG Resources by 4.7% in the 4th quarter. Johnson Investment Counsel Inc. now owns 6,162 shares of the energy exploration company’s stock valued at $745,000 after buying an additional 275 shares during the last quarter. Finally, DRW Securities LLC raised its stake in EOG Resources by 871.7% during the 4th quarter. DRW Securities LLC now owns 20,891 shares of the energy exploration company’s stock worth $2,527,000 after acquiring an additional 18,741 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

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.