JPMorgan Chase & Co. Cuts EOG Resources (NYSE:EOG) Price Target to $132.00

EOG Resources (NYSE:EOG) had its target price decreased by JPMorgan Chase & Co. from $149.00 to $132.00 in a research report sent to investors on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the energy exploration company’s stock.

EOG has been the topic of a number of other research reports. Raymond James raised their price target on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Williams Trading set a $154.00 price target on EOG Resources in a research report on Wednesday, March 5th. Citigroup lowered EOG Resources from a “neutral” rating to a “reduce” rating in a research report on Wednesday, March 5th. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Barclays dropped their price target on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus target price of $145.86.

EOG Resources Price Performance

Shares of EOG opened at $124.04 on Thursday. 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 has a 1 year low of $115.78 and a 1 year high of $139.67. The stock has a market cap of $68.71 billion, a P/E ratio of 9.99, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The stock’s 50-day moving average price is $129.55 and its two-hundred day moving average price is $127.61.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. On average, equities analysts predict that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.14%. EOG Resources’s dividend payout ratio is currently 34.73%.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s 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 completion of the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

Institutional Trading of EOG Resources

Institutional investors have recently added to or reduced their stakes in the company. Financial Life Planners bought a new stake in EOG Resources in the 4th quarter valued at $25,000. Y.D. More Investments Ltd raised its holdings in EOG Resources by 149.4% in 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. Mainstream Capital Management LLC acquired a new position in EOG Resources in the 4th quarter valued at $25,000. Decker Retirement Planning Inc. acquired a new position in EOG Resources in the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. acquired a new position in EOG Resources in the 4th quarter valued at $27,000. 89.91% of the stock is currently owned by institutional investors.

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.