EOG Resources (NYSE:EOG) PT Lowered to $130.00

EOG Resources (NYSE:EOG) had its price objective cut by Truist Financial from $136.00 to $130.00 in a research report released on Monday morning, Benzinga reports. They currently have a hold rating on the energy exploration company’s stock.

EOG has been the topic of a number of other research reports. Morgan Stanley raised their target price on shares of EOG Resources from $132.00 to $133.00 and gave the company an equal weight rating in a research report on Monday, April 15th. Stifel Nicolaus reduced their price objective on EOG Resources from $153.00 to $150.00 and set a buy rating on the stock in a research report on Tuesday, April 23rd. Royal Bank of Canada reiterated a sector perform rating and issued a $147.00 target price on shares of EOG Resources in a research report on Wednesday, July 10th. Barclays began coverage on EOG Resources in a report on Wednesday, April 10th. They set an equal weight rating and a $144.00 price target on the stock. Finally, Benchmark reiterated a hold rating on shares of EOG Resources in a report on Tuesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average price target of $143.20.

EOG Resources Trading Up 1.6 %

Shares of EOG opened at $127.04 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. EOG Resources has a 52-week low of $108.94 and a 52-week high of $139.67. The firm has a market cap of $73.01 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 1.72 and a beta of 1.30. The business’s fifty day moving average is $124.79 and its 200-day moving average is $123.22.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. The firm had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.69 earnings per share. Equities analysts anticipate that EOG Resources will post 12.1 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Insider Transactions at EOG Resources

In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the transaction, the president now owns 161,109 shares in the company, valued at approximately $20,987,669.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other EOG Resources news, COO Jeffrey R. Leitzell sold 7,802 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $130.07, for a total value of $1,014,806.14. Following the completion of the sale, the chief operating officer now owns 39,054 shares of the company’s stock, valued at $5,079,753.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the sale, the president now owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock valued at $2,144,972 in the last quarter. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of EOG Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BKM Wealth Management LLC acquired a new stake in shares of EOG Resources in the 4th quarter worth about $79,000. Brookstone Capital Management lifted its holdings in shares of EOG Resources by 25.3% in the fourth quarter. Brookstone Capital Management now owns 1,861 shares of the energy exploration company’s stock valued at $225,000 after purchasing an additional 376 shares in the last quarter. SG Americas Securities LLC grew its holdings in EOG Resources by 105.7% during the fourth quarter. SG Americas Securities LLC now owns 44,688 shares of the energy exploration company’s stock worth $5,405,000 after buying an additional 22,962 shares in the last quarter. CoreCap Advisors LLC raised its position in EOG Resources by 10.6% in the 4th quarter. CoreCap Advisors LLC now owns 6,538 shares of the energy exploration company’s stock valued at $791,000 after buying an additional 628 shares during the last quarter. Finally, AustralianSuper Pty Ltd bought a new position in EOG Resources during the 4th quarter valued at $1,258,000. 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.