EOG Resources (NYSE:EOG) Research Coverage Started at Wolfe Research

Wolfe Research initiated coverage on shares of EOG Resources (NYSE:EOG) in a report issued on Thursday, MarketBeat reports. The firm issued a peer perform rating on the energy exploration company’s stock.

A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of EOG Resources from $134.00 to $141.00 and gave the stock a neutral rating in a research note on Thursday, March 28th. StockNews.com downgraded shares of EOG Resources from a buy rating to a hold rating in a research note on Wednesday, July 17th. Piper Sandler upped their target price on shares of EOG Resources from $153.00 to $154.00 and gave the stock an overweight rating in a research note on Tuesday, May 14th. Citigroup upped their target price on shares of EOG Resources from $124.00 to $130.00 and gave the stock a neutral rating in a research note on Friday, May 24th. Finally, Sanford C. Bernstein dropped their target price on shares of EOG Resources from $139.00 to $125.00 and set a market perform rating on the stock in a research note on Wednesday, July 17th. Fifteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $143.50.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $129.25 on Thursday. The company has a market capitalization of $74.28 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 1.78 and a beta of 1.30. EOG Resources has a 12 month low of $108.94 and a 12 month high of $139.67. The firm’s 50-day moving average is $125.03 and its 200 day moving average is $123.11. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.70 by $0.12. The company had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.69 EPS. Research analysts predict that EOG Resources will post 12.18 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a dividend of $0.91 per share. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.82%. EOG Resources’s payout ratio is 28.75%.

Insider Activity at EOG Resources

In related news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the sale, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the transaction, the executive vice president now owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the transaction, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. Insiders sold 16,512 shares of company stock valued at $2,144,972 over the last 90 days. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MUFG Securities EMEA plc purchased a new position in shares of EOG Resources in the fourth quarter worth $5,443,000. TIAA Trust National Association increased its stake in shares of EOG Resources by 639.3% in the fourth quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock worth $6,971,000 after acquiring an additional 49,840 shares during the period. Dai ichi Life Insurance Company Ltd increased its stake in shares of EOG Resources by 15.3% in the fourth quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock worth $5,620,000 after acquiring an additional 6,154 shares during the period. L. Roy Papp & Associates LLP increased its stake in shares of EOG Resources by 18.3% in the fourth quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock worth $20,362,000 after acquiring an additional 26,026 shares during the period. Finally, AIA Group Ltd increased its stake in shares of EOG Resources by 128.0% in the fourth quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock worth $1,234,000 after acquiring an additional 5,728 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

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.