EOG Resources, Inc. (NYSE:EOG) Receives Consensus Rating of “Hold” from Analysts

Shares of EOG Resources, Inc. (NYSE:EOG) have received an average rating of “Hold” from the twenty-two research firms that are currently covering the company, Marketbeat.com reports. Thirteen research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $143.90.

Several research firms have recently weighed in on EOG. Truist Financial lifted their target price on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $147.00 to $150.00 in a report on Tuesday, December 17th. Mizuho lowered their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Piper Sandler raised their price objective on EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 target price on shares of EOG Resources in a report on Monday, January 6th.

EOG Resources Price Performance

Shares of NYSE EOG opened at $129.75 on Friday. EOG Resources has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $128.70 and a two-hundred day moving average of $127.43. The company has a market capitalization of $72.98 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 3.68 and a beta of 1.29.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.16. The firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $6.03 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. During the same quarter in the previous year, the business posted $3.44 earnings per share. As a group, analysts expect that EOG Resources will post 11.45 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.975 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio is currently 31.40%.

EOG Resources declared that its board has authorized a share buyback program on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to buy up to 7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the sale, the director now directly owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EOG. Financial Life Planners acquired a new stake in EOG Resources during the fourth quarter worth $25,000. Y.D. More Investments Ltd boosted its position in shares of EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 121 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in EOG Resources in the third quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new position in EOG Resources in the fourth quarter worth about $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources during the fourth quarter worth about $27,000. Institutional investors and hedge funds 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.