UBS Group Lowers EOG Resources (NYSE:EOG) Price Target to $154.00

EOG Resources (NYSE:EOG) had its price objective trimmed by UBS Group from $167.00 to $154.00 in a report published on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the energy exploration company’s stock.

A number of other brokerages have also weighed in on EOG. KeyCorp assumed coverage on EOG Resources in a report on Thursday, June 27th. They set an overweight rating and a $157.00 price target on the stock. Citigroup boosted their target price on shares of EOG Resources from $124.00 to $130.00 and gave the company a neutral rating in a research report on Friday, May 24th. Sanford C. Bernstein decreased their price target on shares of EOG Resources from $139.00 to $125.00 and set a market perform rating on the stock in a research report on Wednesday, July 17th. Royal Bank of Canada restated a sector perform rating and issued a $147.00 price objective on shares of EOG Resources in a research note on Wednesday, July 10th. Finally, JPMorgan Chase & Co. cut their price target on EOG Resources from $143.00 to $135.00 and set a neutral rating for the company in a report on Thursday, September 12th. Fourteen research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $142.89.

EOG Resources Stock Performance

Shares of EOG opened at $126.03 on Wednesday. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock has a market cap of $72.43 billion, a P/E ratio of 9.95, a P/E/G ratio of 2.95 and a beta of 1.28. The business’s 50 day moving average price is $125.65 and its 200-day moving average price is $126.56. EOG Resources has a 52 week low of $108.94 and a 52 week 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, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. During the same period in the previous year, the business earned $2.49 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts anticipate that EOG Resources will post 12.2 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of EOG Resources

A number of large investors have recently modified their holdings of EOG. MUFG Securities EMEA plc purchased a new stake in shares of EOG Resources in the 4th quarter worth $5,443,000. Dai ichi Life Insurance Company Ltd boosted its holdings in shares of EOG Resources by 15.3% in the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock valued at $5,620,000 after buying an additional 6,154 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in EOG Resources by 2.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 991,055 shares of the energy exploration company’s stock valued at $119,868,000 after acquiring an additional 22,638 shares during the last quarter. DRW Securities LLC boosted its stake in EOG Resources by 871.7% in the fourth quarter. DRW Securities LLC now owns 20,891 shares of the energy exploration company’s stock valued at $2,527,000 after acquiring an additional 18,741 shares in the last quarter. Finally, UniSuper Management Pty Ltd increased its position in shares of EOG Resources by 228.4% during the first quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock worth $1,998,000 after purchasing an additional 10,868 shares in the last quarter. 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.