EOG Resources (NYSE:EOG) Given New $135.00 Price Target at JPMorgan Chase & Co.

EOG Resources (NYSE:EOG) had its price objective decreased by JPMorgan Chase & Co. from $143.00 to $135.00 in a research note released on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the energy exploration company’s stock.

EOG has been the subject of a number of other reports. Citigroup lifted their price objective on EOG Resources from $124.00 to $130.00 and gave the stock a neutral rating in a research note on Friday, May 24th. Scotiabank decreased their target price on EOG Resources from $155.00 to $150.00 and set a sector perform rating for the company in a research report on Friday, July 12th. KeyCorp initiated coverage on EOG Resources in a research note on Thursday, June 27th. They issued an overweight rating and a $157.00 price target for the company. StockNews.com raised shares of EOG Resources from a hold rating to a buy rating in a research note on Monday, August 5th. Finally, Susquehanna lowered their target price on shares of EOG Resources from $159.00 to $158.00 and set a positive rating for the company in a research note on Wednesday, September 4th. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and an average target price of $143.63.

EOG Resources Stock Performance

EOG Resources stock opened at $118.23 on Thursday. The company has a market cap of $67.95 billion, a PE ratio of 9.34, a PEG ratio of 3.01 and a beta of 1.28. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. EOG Resources has a 1 year low of $108.94 and a 1 year high of $139.67. The company’s 50-day moving average is $126.04 and its two-hundred day moving average is $126.12.

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. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. During the same period in the prior year, the business posted $2.49 earnings per share. EOG Resources’s revenue was up 8.1% compared to the same quarter last year. Equities analysts anticipate that EOG Resources will post 12.2 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.08%. The ex-dividend date is Thursday, October 17th. EOG Resources’s payout ratio is 28.75%.

Insiders Place Their Bets

In other news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The disclosure for this sale can be found here. Insiders sold a total of 21,537 shares of company stock valued at $2,751,612 in the last quarter. 0.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On EOG Resources

A number of institutional investors and hedge funds have recently made changes to their positions in EOG. Wright Investors Service Inc. increased its holdings in EOG Resources by 0.8% during the first quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock worth $1,299,000 after buying an additional 80 shares during the last quarter. CVA Family Office LLC increased its stake in shares of EOG Resources by 11.0% during the 2nd quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock worth $103,000 after purchasing an additional 81 shares during the last quarter. Bailard Inc. raised its holdings in shares of EOG Resources by 0.4% in the 2nd quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock valued at $2,505,000 after purchasing an additional 81 shares during the period. Field & Main Bank lifted its stake in EOG Resources by 1.4% in the 1st quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock valued at $788,000 after purchasing an additional 83 shares during the last quarter. Finally, PDS Planning Inc grew its holdings in EOG Resources by 4.1% during the first quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock worth $275,000 after purchasing an additional 84 shares during the period. 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.