EOG Resources (NYSE:EOG) Price Target Increased to $133.00 by Analysts at Morgan Stanley

EOG Resources (NYSE:EOG) had its price objective raised by Morgan Stanley from $132.00 to $133.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have an equal weight rating on the energy exploration company’s stock.

A number of other brokerages also recently weighed in on EOG. TD Securities lowered their price target on EOG Resources from $135.00 to $130.00 and set a hold rating on the stock in a report on Friday, February 23rd. Royal Bank of Canada reissued a sector perform rating and set a $145.00 price objective on shares of EOG Resources in a research report on Tuesday, April 9th. Stifel Nicolaus reduced their price objective on EOG Resources from $163.00 to $153.00 and set a buy rating for the company in a research report on Friday, March 22nd. Truist Financial reduced their price objective on EOG Resources from $165.00 to $163.00 and set a buy rating for the company in a research report on Friday, April 5th. Finally, Mizuho boosted their price target on EOG Resources from $138.00 to $140.00 and gave the stock a buy rating in a research report on Monday. Thirteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $140.90.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $132.39 on Monday. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $76.15 billion, a price-to-earnings ratio of 10.18 and a beta of 1.40. The stock’s fifty day simple moving average is $121.81 and its 200 day simple moving average is $121.80. EOG Resources has a 52-week low of $106.32 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.30 earnings per share. As a group, sell-side analysts forecast that EOG Resources will post 11.95 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 annualized dividend and a dividend yield of 2.75%. EOG Resources’s dividend payout ratio is currently 27.98%.

Institutional Investors Weigh In On EOG Resources

Several large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its stake in shares of EOG Resources by 13.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 113,757 shares of the energy exploration company’s stock valued at $14,543,000 after purchasing an additional 13,051 shares during the period. Janiczek Wealth Management LLC boosted its holdings in shares of EOG Resources by 22.0% in the 1st quarter. Janiczek Wealth Management LLC now owns 5,317 shares of the energy exploration company’s stock worth $680,000 after acquiring an additional 960 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in shares of EOG Resources in the 1st quarter worth approximately $202,000. DGS Capital Management LLC acquired a new position in shares of EOG Resources in the 1st quarter worth approximately $324,000. Finally, Aspiriant LLC boosted its holdings in shares of EOG Resources by 6.9% in the 1st quarter. Aspiriant LLC now owns 1,868 shares of the energy exploration company’s stock worth $239,000 after acquiring an additional 120 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

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.