EOG Resources (NYSE:EOG) Price Target Raised to $137.00

by · The Cerbat Gem

EOG Resources (NYSE:EOG – Free Report) had its price target upped by Wolfe Research from $134.00 to $137.00 in a report released on Monday,MarketScreener reports. They currently have an outperform rating on the energy exploration company’s stock.

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group decreased their target price on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Raymond James Financial reiterated a “strong-buy” rating and issued a $153.00 price objective on shares of EOG Resources in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a research note on Thursday, January 22nd. JPMorgan Chase & Co. reduced their target price on EOG Resources from $121.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, January 23rd. Finally, Susquehanna lowered their price target on EOG Resources from $161.00 to $151.00 and set a “positive” rating for the company in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $134.07.

Check Out Our Latest Research Report on EOG Resources

EOG Resources Stock Up 2.3%

Shares of EOG opened at $111.06 on Monday. The stock has a 50 day moving average price of $106.70 and a 200 day moving average price of $111.87. EOG Resources has a one year low of $101.59 and a one year high of $135.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The stock has a market capitalization of $60.26 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 9.38 and a beta of 0.49.

EOG Resources (NYSE:EOG – Get Free Report) last issued its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.89 earnings per share. Equities research analysts forecast that EOG Resources will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio is currently 40.64%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief operating officer directly owned 54,979 shares in the company, valued at $5,810,180.72. This represents a 3.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

Institutional Trading of EOG Resources

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sivia Capital Partners LLC acquired a new stake in shares of EOG Resources during the second quarter worth about $258,000. Patton Fund Management Inc. purchased a new stake in EOG Resources during the 2nd quarter valued at approximately $233,000. ORG Partners LLC lifted its position in EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after acquiring an additional 88 shares during the period. Avior Wealth Management LLC lifted its position in EOG Resources by 25.0% during the 2nd quarter. Avior Wealth Management LLC now owns 6,823 shares of the energy exploration company’s stock worth $816,000 after acquiring an additional 1,364 shares during the period. Finally, Smith Salley Wealth Management grew its stake in shares of EOG Resources by 3.7% in the 2nd quarter. Smith Salley Wealth Management now owns 5,718 shares of the energy exploration company’s stock valued at $684,000 after purchasing an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

About EOG Resources

(Get Free Report)

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.

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