EOG Resources (NYSE:EOG) Price Target Raised to $170.00

EOG Resources (NYSE:EOG) had its price target boosted by Jefferies Financial Group from $146.00 to $170.00 in a research report sent to investors on Monday,MarketScreener reports. They currently have a buy rating on the energy exploration company’s stock.

Several other research analysts have also issued reports on EOG. Susquehanna dropped their target price on EOG Resources from $151.00 to $144.00 and set a “positive” rating for the company in a research report on Thursday, February 26th. Stephens boosted their target price on EOG Resources from $139.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. BMO Capital Markets boosted their target price on EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Wolfe Research boosted their target price on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Finally, Capital One Financial boosted their target price on EOG Resources from $130.00 to $161.00 and gave the company an “overweight” rating in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average target price of $151.11.

EOG Resources Trading Down 0.9%

Shares of EOG stock opened at $132.35 on Monday. EOG Resources has a 1 year low of $101.59 and a 1 year high of $151.87. 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’s 50 day simple moving average is $131.39 and its two-hundred day simple moving average is $115.88. The company has a market cap of $70.90 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 2.79 and a beta of 0.32.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same period in the prior year, the business posted $2.74 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. Research analysts predict that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. EOG Resources’s payout ratio is 44.79%.

Insider Buying and Selling

In related news, CFO Ann D. Janssen sold 4,161 shares of the business’s 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,230 shares of company stock valued at $2,522,568 in the last three months. 0.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On EOG Resources

Several institutional investors and hedge funds have recently bought and sold shares of EOG. Acumen Wealth Advisors LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth $25,000. Prosperity Bancshares Inc acquired a new stake in shares of EOG Resources during the fourth quarter worth $26,000. Nemes Rush Group LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth $30,000. Gen Wealth Partners Inc acquired a new stake in shares of EOG Resources during the fourth quarter worth $30,000. Finally, JCIC Asset Management Inc. acquired a new stake in shares of EOG Resources during the third quarter worth $32,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

About EOG Resources

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.