EOG Resources (NYSE:EOG) Price Target Raised to $146.00

EOG Resources (NYSE:EOG) had its target price boosted by Mizuho from $134.00 to $146.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the energy exploration company’s stock.

Several other equities analysts also recently commented on EOG. Roth Mkm reiterated a “neutral” rating and set a $110.00 price target on shares of EOG Resources in a report on Wednesday, February 25th. Barclays raised their price objective on shares of EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday. Scotiabank set a $123.00 target price on EOG Resources and gave the company a “sector perform” rating in a research note on Friday, January 16th. Citigroup reiterated a “neutral” rating and issued a $115.00 price target (down from $125.00) on shares of EOG Resources in a report on Wednesday, December 17th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $126.00 price target (down from $144.00) on shares of EOG Resources in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $138.23.

EOG Resources Stock Up 1.0%

Shares of EOG opened at $138.87 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $118.96 and a 200 day moving average of $112.97. The company has a market cap of $74.50 billion, a PE ratio of 15.24, a P/E/G ratio of 3.72 and a beta of 0.44. EOG Resources has a 52-week low of $101.59 and a 52-week high of $140.37.

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

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Thursday, April 16th. EOG Resources’s dividend payout ratio is currently 44.79%.

Insider Buying and Selling

In other news, CFO Ann D. Janssen sold 2,597 shares of EOG Resources stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $134.31, for a total transaction of $348,803.07. Following the completion of the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $13,464,040.26. The trade was a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the business’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 sale, the chief operating officer owned 61,481 shares of the company’s stock, valued at $7,685,125. The trade was a 3.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 10,371 shares of company stock worth $1,294,698. Corporate insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On EOG Resources

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Trust Advisors LP increased its holdings in EOG Resources by 64.1% during the second quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock valued at $445,921,000 after buying an additional 1,456,928 shares during the period. Franklin Resources Inc. boosted its position in EOG Resources by 24.2% during the 4th quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock valued at $676,627,000 after acquiring an additional 1,257,110 shares in the last quarter. Prudential Financial Inc. boosted its position in EOG Resources by 282.3% during the 2nd quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company’s stock valued at $184,924,000 after acquiring an additional 1,141,680 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of EOG Resources by 474.7% in the 4th quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock valued at $138,430,000 after acquiring an additional 1,088,867 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of EOG Resources by 23.9% in the 4th quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock valued at $490,394,000 after acquiring an additional 901,897 shares during the period. 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.