EOG Resources (NYSE:EOG) Rating Lowered to Hold at StockNews.com

EOG Resources (NYSE:EOG) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

EOG has been the subject of a number of other research reports. Susquehanna reduced their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a report on Wednesday, September 4th. UBS Group increased their target price on shares of EOG Resources from $166.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. decreased their price target on EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Citigroup raised their price target on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. Finally, Truist Financial dropped their target price on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Fourteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $143.58.

EOG Resources Price Performance

EOG Resources stock opened at $123.19 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. The stock has a market capitalization of $70.80 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 2.95 and a beta of 1.28. The business has a 50 day simple moving average of $125.80 and a 200-day simple moving average of $126.44. EOG Resources has a 12 month low of $108.94 and a 12 month high of $139.67.

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

Insider Transactions at EOG Resources

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

Hedge Funds Weigh In On EOG Resources

A number of institutional investors have recently added to or reduced their stakes in EOG. Riverview Trust Co acquired a new stake in EOG Resources in the second quarter valued at $27,000. MFA Wealth Advisors LLC acquired a new stake in shares of EOG Resources during the 2nd quarter valued at approximately $28,000. Gladius Capital Management LP bought a new position in EOG Resources during the second quarter worth $30,000. Sachetta LLC acquired a new position in EOG Resources in the fourth quarter worth $33,000. Finally, Triad Wealth Partners LLC bought a new stake in EOG Resources during the second quarter valued at $35,000. Institutional investors and hedge funds 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.