EOG Resources (NYSE:EOG) Price Target Increased to $157.00 by Analysts at Mizuho

EOG Resources (NYSE:EOG) had its price target lifted by Mizuho from $155.00 to $157.00 in a research note published on Monday, MarketBeat.com reports. The firm currently has a buy rating on the energy exploration company’s stock.

Several other equities analysts also recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of EOG Resources from $154.00 to $152.00 and set an overweight rating for the company in a report on Friday, September 1st. The Goldman Sachs Group cut shares of EOG Resources from a buy rating to a neutral rating and decreased their price target for the stock from $137.00 to $130.00 in a research note on Tuesday, June 13th. UBS Group raised their price target on shares of EOG Resources from $139.00 to $164.00 and gave the stock a buy rating in a research note on Thursday, August 17th. Truist Financial raised their price target on shares of EOG Resources from $150.00 to $160.00 and gave the stock a buy rating in a research note on Monday, August 7th. Finally, Evercore ISI decreased their target price on shares of EOG Resources from $115.00 to $113.00 in a research report on Monday, July 10th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $148.21.

EOG Resources Stock Down 0.2 %

Shares of EOG Resources stock opened at $131.89 on Monday. The firm has a fifty day moving average of $128.38 and a two-hundred day moving average of $118.72. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.02 and a current ratio of 2.39. The company has a market cap of $76.79 billion, a P/E ratio of 8.89, a PEG ratio of 0.42 and a beta of 1.57. EOG Resources has a one year low of $98.52 and a one year high of $150.88.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 3rd. The energy exploration company reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.21. The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $4.74 billion. EOG Resources had a net margin of 33.58% and a return on equity of 28.52%. The business’s revenue was down 24.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.74 EPS. On average, analysts forecast that EOG Resources will post 11.08 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Monday, October 16th. EOG Resources’s dividend payout ratio is presently 22.24%.

Insiders Place Their Bets

In other EOG Resources news, EVP Jeffrey R. Leitzell sold 2,031 shares of EOG Resources stock in a transaction on Friday, July 7th. The shares were sold at an average price of $117.26, for a total value of $238,155.06. Following the completion of the transaction, the executive vice president now owns 37,607 shares of the company’s stock, valued at $4,409,796.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other EOG Resources news, COO Lloyd W. Helms, Jr. sold 4,551 shares of EOG Resources stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $130.76, for a total value of $595,088.76. Following the completion of the transaction, the chief operating officer now owns 145,259 shares of the company’s stock, valued at $18,994,066.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey R. Leitzell sold 2,031 shares of the business’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $117.26, for a total transaction of $238,155.06. Following the transaction, the executive vice president now directly owns 37,607 shares of the company’s stock, valued at approximately $4,409,796.82. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EOG Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. Ossiam boosted its holdings in shares of EOG Resources by 1,206.7% during the fourth quarter. Ossiam now owns 196 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 181 shares during the period. Pinnacle Holdings LLC acquired a new stake in EOG Resources in the first quarter worth about $25,000. Truvestments Capital LLC acquired a new stake in EOG Resources in the second quarter worth about $25,000. Kalos Management Inc. acquired a new stake in EOG Resources in the first quarter worth about $27,000. Finally, Fortis Capital Advisors LLC acquired a new stake in EOG Resources in the fourth quarter worth about $28,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.