EOG Resources, Inc. (NYSE:EOG) Given Consensus Rating of “Moderate Buy” by Brokerages

EOG Resources, Inc. (NYSE:EOG) has been given an average recommendation of “Moderate Buy” by the twenty-one ratings firms that are currently covering the firm, Marketbeat.com reports. Eleven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $145.33.

Several equities research analysts have recently issued reports on EOG shares. Citigroup lowered their price objective on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Truist Financial raised their price objective on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. lowered their price objective on EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Piper Sandler decreased their price target on EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Finally, Bank of America reissued a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EOG. Wealthfront Advisers LLC grew its stake in EOG Resources by 4,642.2% during the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock worth $349,627,000 after buying an additional 2,792,092 shares during the last quarter. Capital World Investors grew its stake in EOG Resources by 5.2% during the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock worth $5,628,497,000 after buying an additional 2,270,013 shares during the last quarter. Franklin Resources Inc. grew its stake in EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after buying an additional 2,076,134 shares during the last quarter. Raymond James Financial Inc. purchased a new position in EOG Resources during the 4th quarter worth $171,193,000. Finally, Fisher Asset Management LLC grew its stake in EOG Resources by 856.7% during the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock worth $147,621,000 after buying an additional 1,075,334 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $124.91 on Friday. The stock has a 50 day moving average of $129.11 and a 200 day moving average of $127.45. EOG Resources has a 12 month low of $115.78 and a 12 month high of $139.67. The firm has a market cap of $69.19 billion, a PE ratio of 10.06, a PEG ratio of 3.58 and a beta of 1.25. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, research analysts expect that EOG Resources will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.12%. EOG Resources’s dividend payout ratio is presently 34.73%.

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.