Piper Sandler Cuts EOG Resources (NYSE:EOG) Price Target to $124.00

EOG Resources (NYSE:EOG) had its price target trimmed by Piper Sandler from $129.00 to $124.00 in a report issued on Tuesday, MarketBeat reports. The firm currently has a neutral rating on the energy exploration company’s stock.

A number of other analysts have also weighed in on the company. Raymond James Financial increased their target price on EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 22nd. Argus downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. JPMorgan Chase & Co. decreased their price objective on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Melius initiated coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective for the company. Finally, Jefferies Financial Group set a $145.00 target price on shares of EOG Resources in a research report on Sunday, October 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $140.19.

EOG Resources Stock Down 0.9%

Shares of NYSE EOG opened at $106.11 on Tuesday. EOG Resources has a 1 year low of $102.52 and a 1 year high of $138.18. The firm has a 50-day simple moving average of $110.16 and a two-hundred day simple moving average of $115.34. The company has a market cap of $57.58 billion, a P/E ratio of 10.31, a PEG ratio of 8.20 and a beta of 0.72. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the prior year, the business posted $2.89 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Research analysts anticipate that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

Institutional Trading of EOG Resources

Several hedge funds and other institutional investors have recently bought and sold shares of EOG. Kingsview Wealth Management LLC grew its stake in EOG Resources by 8.8% in the first quarter. Kingsview Wealth Management LLC now owns 4,198 shares of the energy exploration company’s stock valued at $538,000 after purchasing an additional 338 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of EOG Resources by 15.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 13,241 shares of the energy exploration company’s stock valued at $1,698,000 after buying an additional 1,816 shares in the last quarter. OneAscent Financial Services LLC grew its position in shares of EOG Resources by 67.1% in the 1st quarter. OneAscent Financial Services LLC now owns 3,236 shares of the energy exploration company’s stock worth $416,000 after buying an additional 1,300 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of EOG Resources by 3.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 43,346 shares of the energy exploration company’s stock worth $5,559,000 after acquiring an additional 1,245 shares in the last quarter. Finally, Crestwood Advisors Group LLC raised its stake in shares of EOG Resources by 2.7% during the 1st quarter. Crestwood Advisors Group LLC now owns 35,917 shares of the energy exploration company’s stock worth $4,606,000 after acquiring an additional 948 shares in the last quarter. 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.