EOG Resources (NYSE:EOG) Coverage Initiated at Truist Financial

Truist Financial began coverage on shares of EOG Resources (NYSE:EOG) in a report released on Tuesday. The brokerage set a “hold” rating and a $146.00 price target on the energy exploration company’s stock. Truist Financial’s price target would indicate a potential upside of 4.65% from the company’s previous close.

EOG has been the topic of a number of other reports. Wolfe Research boosted their price target on shares of EOG Resources from $140.00 to $152.00 in a research note on Monday, March 9th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $126.00 target price (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. KeyCorp lowered EOG Resources from an “overweight” rating to a “sector weight” rating in a research report on Friday, January 16th. Citigroup restated a “neutral” rating and set a $115.00 price target (down from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. Finally, Zacks Research upgraded EOG Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have given a Hold rating to the stock. Based on data from MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus target price of $138.52.

EOG Resources Stock Up 0.6%

Shares of NYSE:EOG opened at $139.52 on Tuesday. The business has a 50-day moving average price of $120.32 and a 200 day moving average price of $113.04. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $74.85 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 3.75 and a beta of 0.44. EOG Resources has a 12-month low of $101.59 and a 12-month high of $141.13.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. The company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. EOG Resources’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.74 earnings per share. Sell-side analysts expect that EOG Resources will post 11.47 EPS for the current year.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the transaction, the chief operating officer owned 61,481 shares of the company’s stock, valued at $7,685,125. This trade represents a 3.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,532 shares of company stock valued at $1,877,405 in the last three months. 0.13% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EOG Resources

Several large investors have recently bought and sold shares of EOG. Acumen Wealth Advisors LLC acquired a new position in shares of EOG Resources during the fourth quarter worth about $25,000. Prosperity Bancshares Inc purchased a new stake in shares of EOG Resources during the fourth quarter worth approximately $26,000. Nemes Rush Group LLC acquired a new stake in EOG Resources in the fourth quarter valued at approximately $30,000. Gen Wealth Partners Inc acquired a new stake in EOG Resources in the fourth quarter valued at approximately $30,000. Finally, JCIC Asset Management Inc. purchased a new position in EOG Resources in the third quarter worth approximately $32,000. 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.