EOG Resources (NYSE:EOG) Given New $130.00 Price Target at BMO Capital Markets

EOG Resources (NYSE:EOG) had its price objective decreased by BMO Capital Markets from $134.00 to $130.00 in a report issued on Tuesday,MarketScreener reports.

A number of other research analysts also recently weighed in on the stock. Susquehanna raised their target price on shares of EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company decreased their price objective on shares of EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday. Barclays set a $136.00 price target on EOG Resources and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Roth Capital reduced their price objective on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Finally, Royal Bank Of Canada raised their price objective on shares of EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average price target of $140.31.

EOG Resources Trading Up 1.0%

Shares of EOG stock traded up $1.07 on Tuesday, reaching $110.31. The company had a trading volume of 2,384,178 shares, compared to its average volume of 3,632,761. The stock has a market cap of $60.23 billion, a PE ratio of 10.73, a PEG ratio of 8.20 and a beta of 0.72. The company has a 50-day moving average of $111.17 and a 200-day moving average of $115.46. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. EOG Resources has a 12 month low of $102.52 and a 12 month high of $138.18.

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 the consensus estimate of $2.42 by $0.29. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.89 earnings per share. On average, equities analysts forecast that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio is 40.64%.

Hedge Funds Weigh In On EOG Resources

Large investors have recently modified their holdings of the business. StrongBox Wealth LLC increased its holdings in 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 grew its position in shares of EOG Resources by 45.1% in the 2nd 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 during the last quarter. Ameriflex Group Inc. grew its position in shares of EOG Resources by 31.6% in the 2nd quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock valued at $46,000 after buying an additional 91 shares during the last quarter. Hemington Wealth Management increased its stake in shares of EOG Resources by 7.2% in the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after buying an additional 93 shares during the period. Finally, Granite Harbor Advisors Inc. raised its position in shares of EOG Resources by 3.2% during the first quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company’s stock worth $389,000 after acquiring an additional 94 shares during the last quarter. 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.