EOG Resources, Inc. (NYSE:EOG) Receives $154.38 Consensus Price Target from Analysts

Shares of EOG Resources, Inc. (NYSE:EOG) have received an average rating of “Moderate Buy” from the thirty ratings firms that are covering the firm, Marketbeat.com reports. Fifteen investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $155.6429.

A number of research firms have recently issued reports on EOG. Susquehanna upped their target price on shares of EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a report on Tuesday, April 21st. Zacks Research raised shares of EOG Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Piper Sandler upped their target price on shares of EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, April 1st. Barclays upped their target price on shares of EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Finally, Royal Bank Of Canada upped their target price on shares of EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th.

Insider Activity

In other news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 16,230 shares of company stock worth $2,272,568. Corporate insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Summitry LLC boosted its position in shares of EOG Resources by 1.5% during the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock valued at $699,000 after acquiring an additional 73 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of EOG Resources during the 1st quarter valued at about $4,474,000. Montchanin Asset Management LLC acquired a new position in shares of EOG Resources during the 1st quarter valued at about $369,000. BankChampaign National Association acquired a new position in shares of EOG Resources during the 1st quarter valued at about $598,000. Finally, Western Wealth Management LLC acquired a new position in shares of EOG Resources during the 1st quarter valued at about $494,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG Resources stock opened at $141.43 on Thursday. EOG Resources has a 52-week low of $101.59 and a 52-week high of $151.87. The firm has a market capitalization of $75.33 billion, a price-to-earnings ratio of 13.92 and a beta of 0.27. The company has a fifty day simple moving average of $138.07 and a 200-day simple moving average of $121.04. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the prior year, the firm earned $2.87 earnings per share. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities analysts anticipate that EOG Resources will post 15.67 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources’s payout ratio is presently 40.16%.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.