Mizuho Raises EOG Resources (NYSE:EOG) Price Target to $140.00

EOG Resources (NYSE:EOG) had its target price lifted by Mizuho from $138.00 to $140.00 in a research report sent to investors on Monday morning, Benzinga reports. Mizuho currently has a buy rating on the energy exploration company’s stock.

Several other equities research analysts have also commented on EOG. Piper Sandler cut their target price on EOG Resources from $153.00 to $141.00 and set an overweight rating on the stock in a research report on Thursday, March 7th. Bank of America lowered EOG Resources from a buy rating to a neutral rating and cut their target price for the company from $147.00 to $140.00 in a research report on Friday, January 5th. KeyCorp dropped their price target on EOG Resources from $157.00 to $147.00 and set an overweight rating on the stock in a research note on Thursday, January 11th. JPMorgan Chase & Co. upped their price target on EOG Resources from $134.00 to $141.00 and gave the stock a neutral rating in a research note on Thursday, March 28th. Finally, Morgan Stanley upped their price target on EOG Resources from $131.00 to $132.00 and gave the stock an equal weight rating in a research note on Thursday, March 28th. Thirteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, EOG Resources currently has a consensus rating of Hold and an average target price of $140.90.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $131.76 on Monday. The firm has a market cap of $75.79 billion, a PE ratio of 10.13 and a beta of 1.40. The firm’s fifty day moving average is $123.00 and its 200-day moving average is $121.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. EOG Resources has a 52 week low of $106.32 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last released its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the previous year, the firm earned $3.30 EPS. EOG Resources’s quarterly revenue was down 5.4% on a year-over-year basis. Sell-side analysts predict that EOG Resources will post 12.07 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Monday, April 15th. EOG Resources’s payout ratio is 27.98%.

Institutional Trading of EOG Resources

A number of institutional investors and hedge funds have recently modified their holdings of EOG. Fortis Capital Advisors LLC purchased a new stake in shares of EOG Resources during the fourth quarter valued at approximately $28,000. Lumature Wealth Partners LLC bought a new position in shares of EOG Resources in the first quarter worth $28,000. McIlrath & Eck LLC boosted its holdings in shares of EOG Resources by 77.6% in the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 104 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 212 shares during the period. Finally, Peoples Bank KS bought a new position in shares of EOG Resources in the third quarter worth $31,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.