EOG Resources (NYSE:EOG) Given New $154.00 Price Target at Wolfe Research

EOG Resources (NYSE:EOG) had its price target increased by research analysts at Wolfe Research from $152.00 to $154.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage currently has an “outperform” rating on the energy exploration company’s stock. Wolfe Research’s price objective suggests a potential upside of 7.67% from the company’s previous close.

A number of other equities research analysts have also weighed in on EOG. Mizuho boosted their target price on shares of EOG Resources from $146.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, April 1st. The Goldman Sachs Group cut their price objective on EOG Resources from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. Piper Sandler increased their target price on EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, April 1st. Jefferies Financial Group raised their target price on EOG Resources from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Susquehanna cut their price target on EOG Resources from $151.00 to $144.00 and set a “positive” rating for the company in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have assigned a Hold rating to the company. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus target price of $145.11.

EOG Resources Price Performance

EOG opened at $143.03 on Monday. The company’s 50-day simple moving average is $127.05 and its two-hundred day simple moving average is $114.69. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The stock has a market capitalization of $76.63 billion, a P/E ratio of 15.73, a P/E/G ratio of 3.03 and a beta of 0.32. EOG Resources has a 52-week low of $101.59 and a 52-week high of $151.87.

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

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,230 shares of company stock valued at $2,522,568 in the last three months. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EOG Resources

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

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.