EOG Resources (NYSE:EOG) Price Target Raised to $139.00

EOG Resources (NYSE:EOG) had its target price increased by equities researchers at Stephens from $138.00 to $139.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the energy exploration company’s stock. Stephens’ target price indicates a potential upside of 18.77% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Barclays cut their price target on EOG Resources from $136.00 to $133.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. 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. UBS Group reiterated a “buy” rating and set a $141.00 target price (down previously from $144.00) on shares of EOG Resources in a research report on Friday, December 12th. Royal Bank Of Canada set a $138.00 price target on EOG Resources and gave the stock an “outperform” rating in a report on Tuesday, January 13th. Finally, Piper Sandler set a $123.00 price target on EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. One research 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $134.15.

EOG Resources Stock Performance

Shares of NYSE:EOG traded down $1.19 during midday trading on Thursday, hitting $117.03. The company had a trading volume of 1,594,345 shares, compared to its average volume of 4,607,263. EOG Resources has a 12-month low of $101.59 and a 12-month high of $135.87. The company has a fifty day moving average of $107.77 and a two-hundred day moving average of $111.46. The company has a market cap of $63.50 billion, a price-to-earnings ratio of 11.70 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43.

Insider Buying and Selling at EOG Resources

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

Hedge Funds Weigh In On EOG Resources

Institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its stake in EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 219 shares during the period. Nemes Rush Group LLC acquired a new position in EOG Resources during the fourth quarter valued at $30,000. JCIC Asset Management Inc. purchased a new stake in EOG Resources in the third quarter valued at $32,000. Olistico Wealth LLC acquired a new stake in EOG Resources during the 4th quarter worth about $33,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of EOG Resources during the 2nd quarter valued at about $35,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

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.