EOG Resources (NYSE:EOG) Price Target Raised to $155.00

EOG Resources (NYSE:EOG) had its target price boosted by Wells Fargo & Company from $127.00 to $155.00 in a report published on Monday,Benzinga reports. They currently have an overweight rating on the energy exploration company’s stock.

A number of other research analysts have also recently weighed in on EOG. Jefferies Financial Group lifted their price target on shares of EOG Resources from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Johnson Rice dropped their price objective on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a research report on Friday, December 5th. Roth Mkm reissued a “neutral” rating and issued a $110.00 target price on shares of EOG Resources in a research note on Wednesday, February 25th. KeyCorp lowered shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus price target of $138.23.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $137.65 on Monday. The business has a 50-day moving average of $118.30 and a two-hundred day moving average of $112.78. The firm has a market capitalization of $73.85 billion, a PE ratio of 15.11, a P/E/G ratio of 3.67 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. EOG Resources has a 12 month low of $101.59 and a 12 month high of $137.81.

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

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 3.0%. EOG Resources’s dividend payout ratio (DPR) is 44.79%.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total transaction of $260,000.00. Following the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at $11,445,850. The trade was a 2.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Ann D. Janssen sold 2,597 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $134.31, for a total transaction of $348,803.07. Following the completion of the transaction, the chief financial officer owned 100,246 shares in the company, valued at $13,464,040.26. This represents a 2.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,371 shares of company stock worth $1,294,698 in the last quarter. Insiders own 0.13% of the company’s stock.

Institutional Trading of EOG Resources

Several large investors have recently modified their holdings of EOG. Capital World Investors boosted its holdings in EOG Resources by 1.4% in the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after purchasing an additional 782,426 shares during the last quarter. Vanguard Group Inc. increased its holdings in EOG Resources by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after purchasing an additional 446,341 shares during the last quarter. State Street Corp raised its position in shares of EOG Resources by 0.3% in the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock valued at $3,209,365,000 after purchasing an additional 100,080 shares in the last quarter. Capital Research Global Investors raised its position in shares of EOG Resources by 0.5% in the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock valued at $2,794,784,000 after purchasing an additional 122,486 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of EOG Resources by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock valued at $2,099,028,000 after buying an additional 371,548 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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.