EOG Resources (NYSE:EOG) Price Target Raised to $138.00 at Morgan Stanley

EOG Resources (NYSE:EOG) had its price target upped by Morgan Stanley from $136.00 to $138.00 in a research report report published on Thursday morning, Marketbeat Ratings reports. They currently have an equal weight rating on the energy exploration company’s stock.

A number of other analysts have also recently issued reports on EOG. The Goldman Sachs Group reduced their target price on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Wolfe Research dropped their price objective on EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Roth Capital lowered their price objective on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. Melius Research assumed coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price for the company. Finally, Siebert Williams Shank decreased their price target on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $140.19.

EOG Resources Stock Performance

Shares of EOG opened at $106.11 on Thursday. The company has a market capitalization of $57.58 billion, a PE 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 quick ratio of 1.61 and a current ratio of 1.79. The company’s 50 day moving average price is $110.16 and its 200 day moving average price is $115.34. EOG Resources has a 52 week low of $102.52 and a 52 week high of $138.18.

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

EOG Resources Announces Dividend

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

Institutional Investors Weigh In On EOG Resources

A number of hedge funds have recently made changes to their positions in the company. Kiker Wealth Management LLC bought a new stake in shares of EOG Resources during the second quarter valued at approximately $627,000. Vanguard Personalized Indexing Management LLC boosted its position in EOG Resources by 9.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock valued at $7,386,000 after buying an additional 5,156 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of EOG Resources by 30.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after buying an additional 45,295 shares during the period. Jump Financial LLC bought a new stake in shares of EOG Resources during the first quarter worth $2,796,000. Finally, FORA Capital LLC acquired a new position in shares of EOG Resources during the first quarter valued at $472,000. Institutional investors and hedge funds 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.