EOG Resources, Inc. (NYSE:EOG) Receives $137.25 Average Price Target from Brokerages

Shares of EOG Resources, Inc. (NYSE:EOG) have received a consensus rating of “Hold” from the twenty-nine analysts that are covering the firm, MarketBeat.com reports. Sixteen research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $137.00.

Several research firms have weighed in on EOG. Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a research report on Wednesday, October 8th. Jefferies Financial Group set a $140.00 price objective on EOG Resources in a research note on Wednesday, January 14th. Scotiabank set a $123.00 target price on EOG Resources and gave the stock a “sector perform” rating in a report on Friday. Roth Capital reissued a “neutral” rating on shares of EOG Resources in a report on Monday, December 15th. Finally, JPMorgan Chase & Co. decreased their price objective on EOG Resources from $131.00 to $121.00 and set a “neutral” rating on the stock in a research note on Monday, December 8th.

EOG Resources Trading Up 0.9%

Shares of NYSE:EOG opened at $106.22 on Friday. The stock has a market capitalization of $57.63 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 8.50 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The stock’s 50-day simple moving average is $106.79 and its two-hundred day simple moving average is $112.38. EOG Resources has a 52-week low of $101.59 and a 52-week high of $136.44.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. The firm had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.89 EPS. Analysts expect that EOG Resources will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.8%. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the transaction, the chief operating officer directly owned 54,979 shares in the company, valued at $5,810,180.72. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Capital World Investors increased its stake in EOG Resources by 1.4% in the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after buying an additional 782,426 shares in the last quarter. Capital Research Global Investors grew its position in shares of EOG Resources by 0.5% during the third quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock worth $2,794,784,000 after purchasing an additional 122,486 shares in the last quarter. Alliancebernstein L.P. raised its stake in EOG Resources by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock valued at $736,712,000 after purchasing an additional 249,984 shares during the period. Northern Trust Corp lifted its holdings in EOG Resources by 0.8% in the 3rd quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company’s stock worth $669,911,000 after purchasing an additional 49,987 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in EOG Resources by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock worth $669,727,000 after purchasing an additional 344,291 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 (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.