Shares of EOG Resources, Inc. (NYSE:EOG – Get Free Report) have earned a consensus rating of “Hold” from the twenty-nine analysts that are covering the firm, Marketbeat Ratings reports. Seventeen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $157.0385.
A number of research firms have recently weighed in on EOG. Freedom Capital downgraded shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Citigroup reaffirmed a “neutral” rating and issued a $150.00 price target (up from $141.00) on shares of EOG Resources in a report on Thursday, August 27th. Morgan Stanley set a $157.00 price objective on shares of EOG Resources and gave the company an “equal weight” rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. decreased their price objective on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Finally, Mizuho set a $157.00 target price on shares of EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, May 27th.
Check Out Our Latest Analysis on EOG
Insiders Place Their Bets
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Sivia Capital Partners LLC bought a new stake in EOG Resources during the second quarter valued at $258,000. Quantbot Technologies LP bought a new position in shares of EOG Resources in the 2nd quarter worth about $349,000. Gamco Investors INC. ET AL lifted its position in shares of EOG Resources by 216.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after buying an additional 4,485 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of EOG Resources by 2.0% in the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after buying an additional 444 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of EOG Resources by 4.4% in the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after buying an additional 15,250 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.
EOG Resources Trading Down 0.6%
Shares of EOG opened at $145.11 on Friday. EOG Resources has a 12 month low of $101.59 and a 12 month high of $153.67. The stock’s 50-day moving average is $141.49 and its two-hundred day moving average is $137.24. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The stock has a market cap of $76.11 billion, a PE ratio of 11.29, a P/E/G ratio of 0.54 and a beta of 0.26.
EOG Resources (NYSE:EOG – Get Free Report) last announced its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.10. The business had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.32 earnings per share. Equities analysts forecast that EOG Resources will post 16.87 earnings per share for the current fiscal year.
EOG Resources Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is 31.75%.
About EOG Resources
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.
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