EOG Resources (NYSE:EOG) Price Target Raised to $150.00

EOG Resources (NYSE:EOG) had its price objective hoisted by Citigroup from $115.00 to $150.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the energy exploration company’s stock.

Other analysts have also issued reports about the company. Barclays raised their target price on EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Johnson Rice lowered their price objective on EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. Mizuho raised their price objective on shares of EOG Resources from $134.00 to $146.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Roth Mkm reaffirmed a “neutral” rating and set a $110.00 target price on shares of EOG Resources in a report on Wednesday, February 25th. Finally, Wells Fargo & Company boosted their target price on shares of EOG Resources from $127.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have issued a Hold rating to the company. According to MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus target price of $145.04.

EOG Resources Trading Down 2.8%

NYSE EOG opened at $140.52 on Monday. EOG Resources has a 1 year low of $101.59 and a 1 year high of $151.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The company has a market capitalization of $75.28 billion, a PE ratio of 15.42, a P/E/G ratio of 3.10 and a beta of 0.32. The company has a fifty day moving average of $125.64 and a 200 day moving average of $114.40.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.07. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $2.74 EPS. Research analysts forecast that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 44.79%.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total transaction of $260,000.00. Following the transaction, the chief operating officer owned 88,045 shares in the company, valued at $11,445,850. This trade represents a 2.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. This represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 12,532 shares of company stock valued at $1,666,045 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On EOG Resources

A number of large investors have recently added to or reduced their stakes in EOG. Acumen Wealth Advisors LLC acquired a new position in shares of EOG Resources during the 4th quarter worth about $25,000. Prosperity Bancshares Inc purchased a new stake in EOG Resources during the 4th quarter worth approximately $26,000. Nemes Rush Group LLC acquired a new position in shares of EOG Resources during the fourth quarter valued at approximately $30,000. Gen Wealth Partners Inc acquired a new position in shares of EOG Resources during the fourth quarter valued at approximately $30,000. Finally, JCIC Asset Management Inc. purchased a new position in shares of EOG Resources in the third quarter valued at approximately $32,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting EOG Resources

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: Multiple brokerages raised price targets today (BMO to $160/outperform; Stephens to $170; Piper Sandler and Mizuho to ~$147) — signals analyst confidence and possible upside over time. BMO raises PT to $160 Stephens raises PT to $170 Piper Sandler raises PT to $147 Mizuho raises PT on EBITDA outlook
• Neutral Sentiment: Consensus analyst stance remains mixed-to-cautious (average “Hold” and Citi “Hold”), which could limit immediate upside despite the target increases. Average recommendation “Hold” Citi assigns Hold
• Negative Sentiment: Crude oil prices fell after reports President Trump said Iran asked for a cease-fire and other headlines suggesting a quicker end to the Iran conflict; Brent and WTI slid below recent levels, removing a key commodity catalyst and pressuring EOG shares today. Oil Prices Fall on Fresh Hopes for a Swift End to Iran War Trump Says Iran Has Asked for a Cease-Fire

EOG Resources Company Profile

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.