Brokerages Set EOG Resources, Inc. (NYSE:EOG) Price Target at $143.19

Shares of EOG Resources, Inc. (NYSE:EOGGet Free Report) have been given an average rating of “Hold” by the twenty-two brokerages that are currently covering the stock, MarketBeat reports. Thirteen research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $143.19.

EOG has been the subject of a number of analyst reports. Benchmark reissued a “hold” rating on shares of EOG Resources in a report on Tuesday, May 7th. JPMorgan Chase & Co. lifted their price objective on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a report on Thursday, March 28th. Piper Sandler raised their target price on EOG Resources from $153.00 to $154.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th. Morgan Stanley raised their target price on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, Bank of America restated a “buy” rating and issued a $151.00 target price on shares of EOG Resources in a research note on Friday, June 14th.

Check Out Our Latest Research Report on EOG Resources

EOG Resources Stock Up 2.7 %

Shares of EOG stock opened at $125.30 on Thursday. The stock has a market cap of $72.01 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 1.69 and a beta of 1.32. The stock has a fifty day moving average price of $126.87 and a 200 day moving average price of $122.26. EOG Resources has a one year low of $106.77 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05.

EOG Resources (NYSE:EOGGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. The company had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the business earned $2.69 earnings per share. Analysts predict that EOG Resources will post 12.07 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is currently 28.75%.

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the transaction, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the transaction, the executive vice president now owns 109,040 shares in the company, valued at approximately $14,206,821.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the transaction, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,512 shares of company stock worth $2,144,972. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

Institutional investors have recently bought and sold shares of the company. McIlrath & Eck LLC lifted its stake in EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 104 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 212 shares in the last quarter. Sachetta LLC bought a new stake in EOG Resources in the 4th quarter valued at approximately $33,000. Norwood Financial Corp bought a new stake in EOG Resources in the 1st quarter valued at approximately $37,000. Finally, Hall Laurie J Trustee bought a new stake in EOG Resources in the 4th quarter valued at approximately $36,000. Institutional investors own 89.91% of the company’s stock.

About EOG Resources

(Get Free Report

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.

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