EOG Resources (NYSE:EOG) Given New $126.00 Price Target at BMO Capital Markets

EOG Resources (NYSE:EOG) had its target price trimmed by BMO Capital Markets from $130.00 to $126.00 in a research note released on Monday morning,MarketScreener reports. The firm currently has an outperform rating on the energy exploration company’s stock.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley boosted their price target on shares of EOG Resources from $136.00 to $138.00 and gave the company an “equal weight” rating in a research note on Thursday, November 20th. Royal Bank Of Canada lifted their price objective on EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Piper Sandler decreased their target price on EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Mizuho set a $134.00 price objective on shares of EOG Resources and gave the company a “neutral” rating in a research note on Friday. Finally, Sanford C. Bernstein cut their target price on shares of EOG Resources from $146.00 to $144.00 and set a “market perform” rating on the stock in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have given a Hold rating to the company. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus target price of $139.29.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $103.28 on Monday. The business’s 50 day moving average price is $107.91 and its 200-day moving average price is $115.02. EOG Resources has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The firm has a market capitalization of $56.04 billion, a PE ratio of 10.32, a P/E/G ratio of 8.17 and a beta of 0.49.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.89 earnings per share. As a group, equities research analysts expect that EOG Resources will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders 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 dividend yield of 4.0%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio is 40.64%.

Institutional Trading of EOG Resources

A number of institutional investors have recently modified their holdings of EOG. StrongBox Wealth LLC lifted its stake in shares of EOG Resources by 1.9% in the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock valued at $576,000 after purchasing an additional 88 shares during the period. ORG Partners LLC increased its position in shares of EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares in the last quarter. Ameriflex Group Inc. raised its stake in shares of EOG Resources by 31.6% during the 2nd quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock worth $46,000 after buying an additional 91 shares during the last quarter. Hemington Wealth Management grew its stake in EOG Resources by 7.2% in the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after acquiring an additional 93 shares during the last quarter. Finally, Bollard Group LLC increased its stake in shares of EOG Resources by 0.8% during the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after purchasing an additional 93 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

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.