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

Shares of EOG Resources, Inc. (NYSE:EOG) have been assigned an average rating of “Hold” from the twenty-two ratings firms that are presently covering the firm, MarketBeat.com reports. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $142.27.

Several research analysts have recently issued reports on the stock. TD Securities dropped their target price on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, February 23rd. Scotiabank downgraded EOG Resources from a “sector outperform” rating to a “sector perform” rating and increased their target price for the company from $135.00 to $155.00 in a research note on Thursday, April 11th. Truist Financial decreased their price target on EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research note on Friday, April 5th. JPMorgan Chase & Co. increased their price objective on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Finally, Morgan Stanley boosted their target price on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EOG. Wright Investors Service Inc. lifted its stake in shares of EOG Resources by 0.8% during the 1st quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock valued at $1,299,000 after buying an additional 80 shares in the last quarter. Covestor Ltd lifted its position in shares of EOG Resources by 7.2% in the third quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock valued at $154,000 after acquiring an additional 82 shares in the last quarter. Field & Main Bank boosted its stake in shares of EOG Resources by 1.4% in the first quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock worth $788,000 after acquiring an additional 83 shares during the period. ORG Partners LLC grew its position in shares of EOG Resources by 1.0% during the third quarter. ORG Partners LLC now owns 8,822 shares of the energy exploration company’s stock worth $1,118,000 after purchasing an additional 84 shares in the last quarter. Finally, PDS Planning Inc raised its stake in EOG Resources by 4.1% during the 1st quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock valued at $275,000 after purchasing an additional 84 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 1.4 %

EOG stock opened at $130.02 on Wednesday. The business has a 50 day moving average of $127.48 and a 200 day moving average of $122.39. The firm has a market cap of $74.79 billion, a PE ratio of 10.27 and a beta of 1.38. EOG Resources has a twelve month low of $106.32 and a twelve month high of $139.67. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.12. The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 25.11% and a net margin of 30.33%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the company earned $2.69 earnings per share. On average, research analysts forecast that EOG Resources will post 12.14 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.80%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio is presently 28.75%.

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.