EOG Resources, Inc. (NYSE:EOG) Receives $156.33 Average Price Target from Analysts

Shares of EOG Resources, Inc. (NYSE:EOG) have been assigned a consensus recommendation of “Hold” from the twenty-nine brokerages that are presently covering the stock, Marketbeat reports. Seventeen investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $157.0385.

Several research analysts recently commented on EOG shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $151.00 price target (up from $127.00) on shares of EOG Resources in a research note on Monday, August 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of EOG Resources in a research note on Friday, August 7th. JPMorgan Chase & Co. dropped their target price on EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. UBS Group lowered their target price on EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Finally, Freedom Capital lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th.

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the transaction, the chief executive officer owned 242,451 shares of the company’s stock, valued at $36,876,797.10. This trade represents a 12.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EOG Resources

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Summitry LLC boosted its position in shares of EOG Resources by 1.5% in the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock valued at $699,000 after purchasing an additional 73 shares during the period. Twin Capital Management Inc. boosted its holdings in shares of EOG Resources by 0.3% in the first quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock valued at $3,467,000 after acquiring an additional 79 shares during the period. Sax Wealth Advisors LLC boosted its stake in EOG Resources by 2.8% during the 2nd quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company’s stock worth $377,000 after purchasing an additional 79 shares during the period. Paladin Wealth LLC boosted its stake in EOG Resources by 5.3% during the 2nd quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company’s stock worth $207,000 after purchasing an additional 80 shares during the period. Finally, Hardy Reed LLC grew its position in EOG Resources by 3.8% during the 1st quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock worth $325,000 after purchasing an additional 82 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

NYSE EOG opened at $148.75 on Friday. The business has a 50 day simple moving average of $140.99 and a two-hundred day simple moving average of $137.01. EOG Resources has a 1-year low of $101.59 and a 1-year high of $153.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The stock has a market capitalization of $78.03 billion, a PE ratio of 11.58, a P/E/G ratio of 0.55 and a beta of 0.26.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter last year, the firm earned $2.32 EPS. The firm’s revenue for the quarter was up 57.4% compared to the same quarter last year. On average, research analysts predict that EOG Resources will post 16.87 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.7%. EOG Resources’s dividend payout ratio is presently 31.75%.

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.