Analysts Set EOG Resources, Inc. (NYSE:EOG) PT at $145.33

Shares of EOG Resources, Inc. (NYSE:EOG) have been given an average recommendation of “Moderate Buy” by the twenty-one analysts that are presently covering the company, Marketbeat reports. Eleven analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $145.33.

Several brokerages have recently weighed in on EOG. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Citigroup decreased their price target on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Morgan Stanley reduced their target price 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. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Mizuho cut their price objective on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th.

EOG Resources Trading Up 2.5 %

Shares of EOG stock opened at $128.35 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources has a fifty-two week low of $115.78 and a fifty-two week high of $139.67. The firm’s 50 day moving average price is $128.99 and its two-hundred day moving average price is $127.55. The stock has a market cap of $71.10 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25.

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

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

Insider Buying and Selling at EOG Resources

In other news, 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 transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On EOG Resources

Several large investors have recently bought and sold shares of the stock. Financial Life Planners bought a new position in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd boosted its stake in 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 purchasing an additional 121 shares in the last quarter. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources during the 4th quarter valued at $25,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources during the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of EOG Resources in the 4th quarter worth $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

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.