Analysts Set EOG Resources, Inc. (NYSE:EOG) Target Price at $144.00

Shares of EOG Resources, Inc. (NYSE:EOG) have earned a consensus rating of “Hold” from the twenty-one research firms that are covering the stock, Marketbeat Ratings reports. Thirteen investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $143.95.

A number of research firms have recently issued reports on EOG. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. Wolfe Research began coverage on EOG Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. KeyCorp initiated coverage on EOG Resources in a research note on Thursday, June 27th. They issued an “overweight” rating and a $157.00 target price for the company. Sanford C. Bernstein reduced their price target on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Finally, Scotiabank reduced their price target on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a report on Friday, July 12th.

Insider Transactions at EOG Resources

In other news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of EOG Resources

Several large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new stake in EOG Resources in the 2nd quarter valued at approximately $15,280,000. RiverFront Investment Group LLC increased its position in shares of EOG Resources by 10.2% during the 2nd quarter. RiverFront Investment Group LLC now owns 120,809 shares of the energy exploration company’s stock valued at $15,206,000 after purchasing an additional 11,197 shares during the period. Kestra Investment Management LLC acquired a new position in shares of EOG Resources during the 2nd quarter valued at $430,000. Delphi Management Inc. MA increased its position in shares of EOG Resources by 1.1% during the 2nd quarter. Delphi Management Inc. MA now owns 13,440 shares of the energy exploration company’s stock valued at $1,692,000 after purchasing an additional 140 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of EOG Resources by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 102,657 shares of the energy exploration company’s stock valued at $12,921,000 after purchasing an additional 2,099 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

EOG Resources stock opened at $120.35 on Tuesday. The firm has a market capitalization of $69.17 billion, a P/E ratio of 9.51, a PEG ratio of 3.22 and a beta of 1.30. The stock has a fifty day moving average price of $126.66 and a 200 day moving average price of $126.08. EOG Resources has a 52 week low of $108.94 and a 52 week high of $139.67. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.49 earnings per share. Equities research analysts anticipate that EOG Resources will post 12.2 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s payout ratio is 28.75%.

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.