EOG Resources, Inc. (NYSE:EOG) Receives $156.32 Consensus Price Target from Brokerages

Shares of EOG Resources, Inc. (NYSE:EOG) have been assigned an average rating of “Moderate Buy” from the thirty ratings firms that are covering the firm, MarketBeat reports. Sixteen research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $156.3214.

Several analysts have commented on the stock. The Goldman Sachs Group raised their price objective on shares of EOG Resources from $135.00 to $139.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Piper Sandler raised their price objective on shares of EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, April 1st. Wall Street Zen upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Zacks Research lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, Truist Financial raised their price objective on shares of EOG Resources from $146.00 to $149.00 and gave the stock a “hold” rating in a report on Friday, May 8th.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were 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 owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On EOG Resources

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Acumen Wealth Advisors LLC bought a new stake in EOG Resources in the 4th quarter worth approximately $25,000. SJS Investment Consulting Inc. grew its position in EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 124 shares during the period. Prosperity Bancshares Inc bought a new stake in EOG Resources in the 4th quarter worth approximately $26,000. Nemes Rush Group LLC bought a new stake in EOG Resources in the 4th quarter worth approximately $30,000. Finally, Financial Life Planners bought a new stake in EOG Resources in the 1st quarter worth approximately $30,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 0.1%

NYSE EOG opened at $130.05 on Monday. EOG Resources has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average of $135.96 and a 200-day moving average of $124.86. The firm has a market cap of $69.27 billion, a PE ratio of 12.80 and a beta of 0.25.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period in the prior year, the business posted $2.87 earnings per share. EOG Resources’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, sell-side analysts forecast that EOG Resources will post 16.63 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

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.