EOG Resources’ (EOG) “Neutral” Rating Reaffirmed at Mizuho

Mizuho reaffirmed their neutral rating on shares of EOG Resources (NYSE:EOG) in a research note released on Tuesday, Marketbeat reports. Mizuho currently has a $140.00 price target on the energy exploration company’s stock, down from their previous price target of $148.00.

A number of other analysts have also commented on the company. Bank of America restated a “neutral” rating and issued a $144.00 price target (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Williams Trading set a $154.00 target price on EOG Resources in a research note on Wednesday, March 5th. UBS Group decreased their price target on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Morgan Stanley cut their price objective on shares of EOG Resources from $143.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Finally, Truist Financial raised their target price on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Thirteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, EOG Resources currently has an average rating of “Hold” and a consensus price target of $144.95.

EOG Resources Price Performance

NYSE EOG opened at $127.26 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock has a market cap of $70.49 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 3.58 and a beta of 1.25. The business has a 50 day simple moving average of $128.82 and a 200 day simple moving average of $127.60. EOG Resources has a 52-week low of $115.78 and a 52-week high of $139.67.

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

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.06%. EOG Resources’s dividend payout ratio is currently 34.73%.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred 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 $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.

Institutional Trading of EOG Resources

Several hedge funds have recently added to or reduced their stakes in the company. Financial Life Planners bought a new position in EOG Resources during the 4th quarter worth $25,000. Y.D. More Investments Ltd increased its position in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new stake in EOG Resources in the 4th quarter worth about $25,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources in the 4th quarter valued at about $27,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of EOG Resources during the 4th quarter worth approximately $27,000. 89.91% of the stock is owned by institutional investors and hedge funds.

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.