Mizuho Increases EOG Resources (NYSE:EOG) Price Target to $140.00

EOG Resources (NYSE:EOG) had its price objective increased by Mizuho from $138.00 to $140.00 in a research note released on Monday, Benzinga reports. They currently have a buy rating on the energy exploration company’s stock.

A number of other analysts have also commented on the stock. Susquehanna decreased their price target on shares of EOG Resources from $164.00 to $147.00 and set a positive rating for the company in a research note on Friday, January 26th. Citigroup lifted their price objective on shares of EOG Resources from $120.00 to $124.00 and gave the stock a neutral rating in a report on Monday, March 18th. KeyCorp cut their price objective on shares of EOG Resources from $157.00 to $147.00 and set an overweight rating on the stock in a report on Thursday, January 11th. JPMorgan Chase & Co. lifted their price objective on shares of EOG Resources from $134.00 to $141.00 and gave the stock a neutral rating in a report on Thursday, March 28th. Finally, TD Securities cut their price objective on shares of EOG Resources from $135.00 to $130.00 and set a hold rating on the stock in a report on Friday, February 23rd. Thirteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources currently has an average rating of Hold and an average price target of $140.90.

EOG Resources Stock Performance

Shares of EOG stock opened at $132.39 on Monday. The firm has a market capitalization of $76.15 billion, a PE ratio of 10.18 and a beta of 1.40. The firm has a fifty day simple moving average of $121.81 and a two-hundred day simple moving average of $121.80. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. EOG Resources has a 12 month low of $106.32 and a 12 month high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The business had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.30 EPS. Analysts forecast that EOG Resources will post 11.95 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.75%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

Institutional Investors Weigh In On EOG Resources

Institutional investors have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. purchased a new stake in EOG Resources during the third quarter valued at about $4,431,000. Paradigm Financial Partners LLC increased its position in shares of EOG Resources by 0.9% during the third quarter. Paradigm Financial Partners LLC now owns 30,004 shares of the energy exploration company’s stock valued at $3,728,000 after buying an additional 271 shares during the period. TIAA Trust National Association increased its position in shares of EOG Resources by 639.3% during the fourth quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock valued at $6,971,000 after buying an additional 49,840 shares during the period. L. Roy Papp & Associates LLP increased its position in shares of EOG Resources by 18.3% during the fourth quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock valued at $20,362,000 after buying an additional 26,026 shares during the period. Finally, NewEdge Wealth LLC increased its position in shares of EOG Resources by 9.3% during the fourth quarter. NewEdge Wealth LLC now owns 115,960 shares of the energy exploration company’s stock valued at $14,025,000 after buying an additional 9,837 shares during the period. 89.91% of the stock is owned by hedge funds and other 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.