EOG Resources’ (EOG) Neutral Rating Reiterated at Mizuho

Mizuho reiterated their neutral rating on shares of EOG Resources (NYSE:EOG) in a research report released on Tuesday morning, MarketBeat reports. Mizuho currently has a $140.00 target price on the energy exploration company’s stock, down from their previous target price of $148.00.

Several other research analysts have also weighed in on the company. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. Truist Financial raised their price target on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Williams Trading set a $154.00 target price on shares of EOG Resources in a report on Wednesday, March 5th. Morgan Stanley cut their price target on EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, Raymond James increased their target price on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus price target of $144.67.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $126.84 on Tuesday. The firm has a 50 day simple moving average of $128.43 and a 200 day simple moving average of $127.61. EOG Resources has a fifty-two week low of $115.78 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm has a market cap of $70.26 billion, a P/E ratio of 10.21, a P/E/G ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last released its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. Sell-side analysts predict that EOG Resources will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio is 34.73%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is owned by insiders.

Institutional Trading of EOG Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wealthfront Advisers LLC grew its holdings in shares of EOG Resources by 4,642.2% during the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock valued at $349,627,000 after purchasing an additional 2,792,092 shares during the last quarter. Capital World Investors grew its stake in shares of EOG Resources by 5.2% during the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock valued at $5,628,497,000 after buying an additional 2,270,013 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of EOG Resources by 64.7% during the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock valued at $694,717,000 after buying an additional 2,076,134 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of EOG Resources in the 4th quarter valued at about $171,193,000. Finally, Fisher Asset Management LLC lifted its stake in shares of EOG Resources by 856.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock valued at $147,621,000 after acquiring an additional 1,075,334 shares during the last quarter. Hedge funds and other 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.