EOG Resources, Inc. (NYSE:EOG) Receives $153.68 Average PT from Brokerages

EOG Resources, Inc. (NYSE:EOG) has earned an average recommendation of “Moderate Buy” from the thirty ratings firms that are currently covering the stock, MarketBeat.com reports. Seventeen investment analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $153.6786.

A number of equities research analysts have recently issued reports on the company. Morgan Stanley upped their price target on EOG Resources from $128.00 to $155.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Raymond James Financial upped their price target on EOG Resources from $157.00 to $185.00 and gave the company a “strong-buy” rating in a research report on Friday, March 27th. Capital One Financial upped their price target on EOG Resources from $130.00 to $161.00 and gave the company an “overweight” rating in a research report on Thursday, March 26th. Williams Trading set a $177.00 price objective on EOG Resources in a report on Monday, April 20th. Finally, Royal Bank Of Canada upped their price objective on EOG Resources from $138.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $139.09 on Friday. The business has a 50 day simple moving average of $134.92 and a two-hundred day simple moving average of $117.66. EOG Resources has a 12 month low of $101.59 and a 12 month high of $151.87. The stock has a market capitalization of $74.51 billion, a P/E ratio of 15.27, a PEG ratio of 1.74 and a beta of 0.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results 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. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.74 earnings per share. As a group, analysts predict that EOG Resources will post 14.75 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were issued a $1.02 dividend. The ex-dividend date was Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s dividend payout ratio is currently 44.79%.

Insider Buying and Selling

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the business’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 value of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,230 shares of company stock worth $2,522,568 over the last quarter. 0.14% of the stock is currently owned by insiders.

Institutional Trading of EOG Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EOG. Sivia Capital Partners LLC purchased a new stake in EOG Resources in the second quarter valued at approximately $258,000. Quantbot Technologies LP purchased a new stake in EOG Resources in the second quarter valued at approximately $349,000. Gamco Investors INC. ET AL raised its position in EOG Resources by 216.1% in the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after purchasing an additional 4,485 shares during the period. NewEdge Advisors LLC raised its position in EOG Resources by 2.0% in the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after purchasing an additional 444 shares during the period. Finally, Sei Investments Co. raised its position in EOG Resources by 4.4% in the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after purchasing an additional 15,250 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

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.