Zacks reiterated their neutral rating on shares of EOG Resources (NYSE: EOG) in a research report sent to investors on Thursday morning. The firm currently has a $133.00 price target on the stock.

Zacks’ analyst wrote, “We are maintaining our Neutral recommendation on EOG Resources following better-than-expected fourth quarter 2012 results that were driven by surging crude production in the Eagle Ford and Bakken. EOG’s large portfolio of high-return projects and strong technical competence are its key long-term drivers. Its guidance of 28% oil production growth for 2013 is the third successive year of significant double-digit increase in volumes. It is again supported with strong natural gas liquids growth of 23%. Although projected natural gas declines of around 15% in 2013 will impact overall production, the boost in higher margin products are expected to drive underlying cash flow growth. Although we view EOG as a favorable pick, the risk-reward pay-off for the company is still uncertain in the near future due to its natural gas weighted production, as well as cost overruns. “

Other equities research analysts have also recently issued reports about the stock. Analysts at Guggenheim reiterated a neutral rating on shares of EOG Resources in a research note to investors on Thursday. They now have a $127.00 price target on the stock. Separately, analysts at TheStreet reiterated a buy rating on shares of EOG Resources in a research note to investors on Thursday. Finally, analysts at Brean Murray reiterated a buy rating on shares of EOG Resources in a research note to investors on Tuesday, February 19th. They now have a $146.00 price target on the stock.

Fourteen analysts have rated the stock with a buy rating, eight have given an overweight rating, nine have given a hold rating, and one has issued a sell rating to the stock. The company currently has an average rating of overweight and an average price target of $144.80.

Shares of EOG Resources traded down 0.67% during mid-day trading on Thursday, hitting $122.18. EOG Resources has a one year low of $82.48 and a one year high of $138.20. The stock’s 50-day moving average is currently $127.2. The company has a market cap of $33.202 billion and a P/E ratio of 58.29.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a dividend of $0.19 per share. This represents a $0.75 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Friday, April 12th. This is an increase from EOG Resources’s previous quarterly dividend of $0.17.

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