Analysts Set EOG Resources, Inc. (NYSE:EOG) Price Target at $140.81

Shares of EOG Resources, Inc. (NYSE:EOG) have been assigned an average recommendation of “Hold” from the thirty brokerages that are presently covering the stock, Marketbeat.com reports. Eighteen research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $145.0370.

EOG has been the subject of several research reports. Wolfe Research lifted their price objective on EOG Resources from $140.00 to $152.00 in a report on Monday, March 9th. Zacks Research raised EOG Resources from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. BMO Capital Markets lifted their price objective on EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Roth Mkm reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of EOG Resources in a research report on Wednesday, February 25th. Finally, Mizuho raised their price target on EOG Resources from $146.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 1st.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s 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 transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 18,230 shares of company stock worth $2,522,568. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On EOG Resources

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

EOG Resources Trading Down 0.0%

NYSE:EOG opened at $142.62 on Wednesday. EOG Resources has a 12-month low of $101.59 and a 12-month high of $151.87. The stock has a fifty day moving average price of $127.05 and a 200 day moving average price of $114.69. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. The firm has a market cap of $76.40 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 3.03 and a beta of 0.32.

EOG Resources (NYSE:EOG) last issued its earnings results 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 net margin of 22.00% and a return on equity of 18.67%. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the previous year, the firm earned $2.74 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. Sell-side analysts anticipate that EOG Resources will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s dividend payout ratio is 44.79%.

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.