EOG Resources (NYSE:EOG) Price Target Raised to $147.00

EOG Resources (NYSE:EOG) had its price objective raised by Piper Sandler from $144.00 to $147.00 in a research note published on Wednesday morning, Marketbeat.com reports. The brokerage currently has a neutral rating on the energy exploration company’s stock.

A number of other brokerages have also recently weighed in on EOG. Barclays upped their price objective on shares of EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Johnson Rice lowered their target price on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. JPMorgan Chase & Co. boosted their price target on shares of EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Citigroup upped their price target on shares of EOG Resources from $115.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, March 30th. Finally, Royal Bank Of Canada set a $138.00 price objective on shares of EOG Resources and gave the company an “outperform” rating in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average target price of $145.04.

EOG Resources Stock Down 0.0%

EOG opened at $142.62 on Wednesday. The stock’s 50 day moving average price is $127.05 and its 200 day moving average price is $114.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The stock has a market cap of $76.40 billion, a P/E ratio of 15.65, a P/E/G ratio of 3.03 and a beta of 0.32. EOG Resources has a 12 month low of $101.59 and a 12 month high of $151.87.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. During the same quarter in the previous year, the firm posted $2.74 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts predict that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a $1.02 dividend. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 2.9%. EOG Resources’s payout ratio is 44.79%.

Insider Transactions at EOG Resources

In other news, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at $14,038,449.84. The trade was a 3.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,230 shares of company stock valued at $2,522,568 over the last three months. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EOG. Capital World Investors increased its holdings in shares of EOG Resources by 1.4% in the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after buying an additional 782,426 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of EOG Resources by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after acquiring an additional 446,341 shares in the last quarter. State Street Corp grew its holdings in shares of EOG Resources by 0.3% in the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock worth $3,209,365,000 after acquiring an additional 100,080 shares during the last quarter. Capital Research Global Investors raised its position in shares of EOG Resources by 0.5% during the third quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock worth $2,794,784,000 after purchasing an additional 122,486 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of EOG Resources by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock worth $2,099,028,000 after purchasing an additional 371,548 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.