KeyCorp Begins Coverage on EOG Resources (NYSE:EOG)

KeyCorp began coverage on shares of EOG Resources (NYSE:EOG) in a research report sent to investors on Thursday, Benzinga reports. The firm issued an overweight rating and a $157.00 price target on the energy exploration company’s stock.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus decreased their target price on EOG Resources from $153.00 to $150.00 and set a buy rating for the company in a research report on Tuesday, April 23rd. Morgan Stanley raised their target price on EOG Resources from $132.00 to $133.00 and gave the company an equal weight rating in a research report on Monday, April 15th. JPMorgan Chase & Co. boosted their price objective on EOG Resources from $134.00 to $141.00 and gave the company a neutral rating in a research note on Thursday, March 28th. Barclays initiated coverage on EOG Resources in a research note on Wednesday, April 10th. They issued an equal weight rating and a $144.00 price objective on the stock. Finally, Truist Financial cut EOG Resources from a buy rating to a hold rating and lowered their price objective for the company from $163.00 to $136.00 in a research note on Thursday, May 16th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $143.19.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $125.87 on Thursday. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $126.28 and its two-hundred day simple moving average is $122.42. EOG Resources has a 1-year low of $108.94 and a 1-year high of $139.67. The stock has a market cap of $72.34 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 1.73 and a beta of 1.32.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same period last year, the business earned $2.69 EPS. The business’s revenue was up 1.3% on a year-over-year basis. As a group, analysts forecast that EOG Resources will post 11.99 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s payout ratio is 28.75%.

Insider Transactions at EOG Resources

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the sale, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the sale, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the sale, the president now directly owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,512 shares of company stock valued at $2,144,972. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of EOG Resources

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of EOG Resources by 0.3% during the first quarter. Vanguard Group Inc. now owns 54,275,932 shares of the energy exploration company’s stock valued at $6,938,635,000 after purchasing an additional 146,674 shares during the period. Capital Research Global Investors boosted its stake in shares of EOG Resources by 1.3% during the first quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock valued at $3,693,261,000 after purchasing an additional 373,365 shares during the period. Capital World Investors boosted its stake in shares of EOG Resources by 5.4% during the first quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company’s stock valued at $3,423,869,000 after purchasing an additional 1,361,538 shares during the period. Capital International Investors boosted its stake in shares of EOG Resources by 7.1% during the first quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock valued at $1,478,401,000 after purchasing an additional 766,056 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of EOG Resources by 8.4% during the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock valued at $1,462,966,000 after purchasing an additional 892,951 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.