EOG Resources (NYSE:EOG) Price Target Raised to $160.00
by Amy Steele · The Cerbat GemEOG Resources (NYSE:EOG – Free Report) had its target price raised by BMO Capital Markets from $140.00 to $160.00 in a report issued on Wednesday morning,MarketScreener reports. The brokerage currently has an outperform rating on the energy exploration company’s stock.
Several other equities analysts have also recently commented on EOG. Susquehanna cut their price target on EOG Resources from $151.00 to $144.00 and set a “positive” rating for the company in a report on Thursday, February 26th. The Goldman Sachs Group lowered their price objective on EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Truist Financial started coverage on EOG Resources in a research note on Tuesday, March 24th. They issued a “hold” rating and a $146.00 target price for the company. Jefferies Financial Group raised their target price on EOG Resources from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, KeyCorp downgraded shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have issued a Hold rating to the company. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and an average target price of $145.04.
View Our Latest Stock Report on EOG Resources
EOG Resources Stock Performance
NYSE:EOG opened at $142.62 on Wednesday. The firm’s 50-day moving average is $127.05 and its 200-day moving average is $114.77. The company has a market cap of $76.40 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 3.03 and a beta of 0.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. EOG Resources has a 52-week low of $101.59 and a 52-week high of $151.87.
EOG Resources (NYSE:EOG – Get Free Report) last released its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. During the same quarter last year, the company earned $2.74 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. Equities research analysts anticipate that EOG Resources will post 11.47 earnings per share for the current year.
EOG Resources Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, April 16th. EOG Resources’s dividend payout ratio is currently 44.79%.
Insider Buying and Selling
In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’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 owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction 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 sale, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 18,230 shares of company stock valued at $2,522,568. 0.13% of the stock is currently owned by insiders.
Institutional Investors Weigh In On EOG Resources
Institutional investors and hedge funds have recently made changes to their positions in the company. Acumen Wealth Advisors LLC acquired a new stake in shares of EOG Resources during the 4th quarter worth about $25,000. Prosperity Bancshares Inc acquired a new position in EOG Resources in the fourth quarter valued at about $26,000. Nemes Rush Group LLC acquired a new position in EOG Resources in the fourth quarter valued at about $30,000. Gen Wealth Partners Inc bought a new stake in EOG Resources during the fourth quarter worth about $30,000. Finally, JCIC Asset Management Inc. acquired a new stake in shares of EOG Resources during the third quarter worth approximately $32,000. Institutional investors and hedge funds own 89.91% of the company’s stock.
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.