EOG Resources, Inc. (NYSE:EOG) Given Average Rating of “Hold” by Brokerages

EOG Resources, Inc. (NYSE:EOG) has been given a consensus rating of “Hold” by the twenty-one brokerages that are covering the firm, Marketbeat reports. Twelve analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $144.67.

A number of equities research analysts recently commented on the company. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Wells Fargo & Company cut their price objective on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. UBS Group decreased their target price on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Piper Sandler decreased their price objective on EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, March 6th.

Insider Activity 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 shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of EOG Resources

A number of hedge funds have recently bought and sold shares of the business. Financial Life Planners acquired a new stake in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd increased its stake in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 121 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in shares of EOG Resources during the 4th quarter worth $25,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources during the 4th quarter valued at about $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in shares of EOG Resources in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Down 0.1 %

Shares of EOG Resources stock opened at $126.55 on Friday. The firm’s 50 day simple moving average is $128.23 and its two-hundred day simple moving average is $127.65. The firm has a market capitalization of $70.10 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 3.58 and a beta of 1.25. EOG Resources has a 12-month low of $115.78 and a 12-month high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

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

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

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.