Analysts Set EOG Resources, Inc. (NYSE:EOG) PT at $134.07

Shares of EOG Resources, Inc. (NYSE:EOG) have been given an average rating of “Hold” by the twenty-nine research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $134.2963.

Several brokerages have weighed in on EOG. Susquehanna lowered their price target on shares of EOG Resources from $161.00 to $151.00 and set a “positive” rating on the stock in a report on Monday, January 26th. Wolfe Research lifted their target price on shares of EOG Resources from $134.00 to $137.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. KeyCorp downgraded shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. BMO Capital Markets lowered their price objective on EOG Resources from $126.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $127.00 price objective (up previously from $126.00) on shares of EOG Resources in a research note on Tuesday, January 27th.

EOG Resources Stock Up 2.5%

NYSE EOG opened at $120.85 on Tuesday. EOG Resources has a 52 week low of $101.59 and a 52 week high of $135.87. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $65.57 billion, a P/E ratio of 12.04 and a beta of 0.49. The stock’s 50-day moving average price is $108.26 and its 200-day moving average price is $111.35.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief operating officer owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of EOG Resources

Hedge funds have recently bought and sold shares of the stock. Acumen Wealth Advisors LLC bought a new stake in shares of EOG Resources in the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd increased its stake in EOG Resources by 10,950.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 219 shares during the last quarter. Nemes Rush Group LLC purchased a new stake in shares of EOG Resources during the 4th quarter worth approximately $30,000. Gen Wealth Partners Inc bought a new position in shares of EOG Resources during the 4th quarter valued at approximately $30,000. Finally, JCIC Asset Management Inc. purchased a new position in shares of EOG Resources in the third quarter valued at $32,000. Hedge funds and other institutional investors 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.