EOG Resources, Inc. (NYSE:EOG) Given Consensus Recommendation of “Hold” by Analysts

Shares of EOG Resources, Inc. (NYSE:EOG) have earned an average rating of “Hold” from the twenty-two brokerages that are presently covering the firm, Marketbeat reports. Fourteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $144.20.

A number of analysts have recently issued reports on EOG shares. Susquehanna reduced their price objective on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. JPMorgan Chase & Co. dropped their price target on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Piper Sandler lowered shares of EOG Resources from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $147.00 to $149.00 in a research report on Monday, November 18th. UBS Group decreased their price target on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Finally, Evercore ISI decreased their target price on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th.

EOG Resources Trading Up 0.8 %

NYSE:EOG opened at $127.59 on Thursday. The firm has a market capitalization of $71.76 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 3.40 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 business has a fifty day moving average price of $129.46 and a 200-day moving average price of $126.36. EOG Resources has a one year low of $108.94 and a one year high of $139.67.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.975 per share. The ex-dividend date is Friday, January 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a yield of 3.06%. EOG Resources’s payout ratio is 29.31%.

EOG Resources announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to buy up to 7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the transaction, the director now owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Institutional Trading of EOG Resources

Several hedge funds have recently modified their holdings of the company. Northwest Investment Counselors LLC purchased a new stake in EOG Resources during the 3rd quarter worth approximately $26,000. MFA Wealth Advisors LLC acquired a new stake in shares of EOG Resources during the second quarter worth $28,000. Eastern Bank purchased a new stake in shares of EOG Resources during the third quarter valued at $28,000. Gladius Capital Management LP purchased a new position in EOG Resources in the 2nd quarter worth $30,000. Finally, Capital Performance Advisors LLP acquired a new stake in EOG Resources during the 3rd quarter worth about $31,000. 89.91% of the stock is owned by hedge funds and other 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.