EOG Resources (NYSE:EOG) Price Target Cut to $147.00

EOG Resources (NYSE:EOG) had its price objective decreased by Piper Sandler from $154.00 to $147.00 in a research report released on Thursday, Benzinga reports. Piper Sandler currently has an overweight rating on the energy exploration company’s stock.

Several other equities research analysts have also weighed in on the company. Sanford C. Bernstein decreased their price objective on EOG Resources from $139.00 to $125.00 and set a market perform rating for the company in a report on Wednesday, July 17th. Scotiabank reduced their target price on shares of EOG Resources from $155.00 to $150.00 and set a sector perform rating for the company in a research note on Friday, July 12th. TD Cowen boosted their price target on shares of EOG Resources from $130.00 to $144.00 and gave the company a hold rating in a research report on Tuesday, April 30th. Truist Financial cut their price objective on shares of EOG Resources from $136.00 to $130.00 and set a hold rating for the company in a report on Monday, July 22nd. Finally, Wolfe Research began coverage on shares of EOG Resources in a report on Thursday, July 18th. They set a peer perform rating on the stock. Fourteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $144.10.

EOG Resources Stock Down 0.0 %

EOG Resources stock opened at $128.06 on Thursday. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $73.60 billion, a P/E ratio of 10.12, a P/E/G ratio of 2.15 and a beta of 1.30. The firm has a 50 day moving average price of $125.39 and a 200-day moving average price of $124.62. EOG Resources has a twelve month low of $108.94 and a twelve month high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a return on equity of 25.65% and a net margin of 30.33%. EOG Resources’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.49 earnings per share. As a group, equities analysts predict that EOG Resources will post 12.13 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

Insider Buying and Selling at EOG Resources

In other news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the transaction, the chief executive officer now owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the transaction, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the transaction, the chief operating officer now directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of EOG Resources

Hedge funds have recently bought and sold shares of the company. Capital World Investors raised its stake in shares of EOG Resources by 59.2% during the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock worth $3,074,660,000 after acquiring an additional 9,455,621 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of EOG Resources by 26.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock valued at $598,475,000 after purchasing an additional 1,029,727 shares during the last quarter. Capital International Investors raised its position in EOG Resources by 7.1% in the 1st quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock worth $1,478,401,000 after purchasing an additional 766,056 shares during the period. Legal & General Group Plc lifted its stake in EOG Resources by 9.1% in the second quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock worth $609,300,000 after purchasing an additional 403,676 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in 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 buying an additional 373,365 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

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.