EOG Resources (EOG) – Analysts’ Weekly Ratings Updates

Posted by Editorial Team on Dec 25th, 2024

EOG Resources (NYSE: EOG) has recently received a number of price target changes and ratings updates:

12/20/2024 – EOG Resources was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
12/17/2024 – EOG Resources was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $150.00 price target on the stock, up previously from $147.00.
12/17/2024 – EOG Resources had its price target lowered by analysts at Piper Sandler from $149.00 to $140.00. They now have a “neutral” rating on the stock.
12/16/2024 – EOG Resources had its price target lowered by analysts at Mizuho from $156.00 to $148.00. They now have an “outperform” rating on the stock.
11/26/2024 – EOG Resources had its price target raised by analysts at Citigroup Inc. from $127.00 to $134.00. They now have a “neutral” rating on the stock.
11/21/2024 – EOG Resources had its price target raised by analysts at Raymond James from $156.00 to $167.00. They now have a “strong-buy” rating on the stock.
11/21/2024 – EOG Resources had its price target raised by analysts at Wells Fargo & Company from $135.00 to $147.00. They now have an “equal weight” rating on the stock.
11/18/2024 – EOG Resources was downgraded by analysts at Piper Sandler from an “overweight” rating to a “neutral” rating. They now have a $149.00 price target on the stock, up previously from $147.00.
11/16/2024 – EOG Resources was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
11/12/2024 – EOG Resources had its price target raised by analysts at Truist Financial Co. from $115.00 to $135.00. They now have a “hold” rating on the stock.
11/12/2024 – EOG Resources had its “hold” rating reaffirmed by analysts at Benchmark Co..
11/8/2024 – EOG Resources was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

EOG Resources Price Performance

Shares of NYSE:EOG traded up $0.98 on Tuesday, reaching $120.83. 1,325,818 shares of the company traded hands, compared to its average volume of 3,147,915. The stock has a market capitalization of $67.96 billion, a PE ratio of 9.73, a P/E/G ratio of 3.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company’s 50 day moving average is $127.89 and its 200-day moving average is $126.41. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Friday, January 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is 31.40%.

Insider Activity

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the transaction, the director now directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of EOG Resources

Large investors have recently made changes to their positions in the stock. Insight Inv LLC boosted its stake in EOG Resources by 0.8% during the 3rd quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock valued at $1,154,000 after purchasing an additional 75 shares during the period. Cape ANN Savings Bank grew its stake in shares of EOG Resources by 0.9% in the third quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company’s stock worth $1,067,000 after acquiring an additional 79 shares during the last quarter. Everpar Advisors LLC increased its position in EOG Resources by 3.6% during the third quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock worth $293,000 after acquiring an additional 83 shares during the period. Altman Advisors Inc. raised its stake in EOG Resources by 0.7% during the 2nd quarter. Altman Advisors Inc. now owns 12,731 shares of the energy exploration company’s stock valued at $1,603,000 after purchasing an additional 85 shares during the last quarter. Finally, X Square Capital LLC boosted its holdings in EOG Resources by 2.7% in the 2nd quarter. X Square Capital LLC now owns 3,236 shares of the energy exploration company’s stock valued at $407,000 after purchasing an additional 86 shares during the period. Institutional investors own 89.91% of the company’s stock.

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.