EOG Resources (NYSE:EOG) Price Target Raised to $132.00

EOG Resources (NYSE:EOG) had its price target raised by Morgan Stanley from $131.00 to $132.00 in a report published on Friday,Benzinga reports. They currently have an equal weight rating on the energy exploration company’s stock.

A number of other analysts also recently weighed in on EOG. Williams Trading set a $154.00 target price on shares of EOG Resources in a report on Wednesday, March 5th. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. UBS Group reduced their target price on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Susquehanna reduced their target price on shares of EOG Resources from $161.00 to $156.00 and set a “positive” rating on the stock in a report on Tuesday, April 22nd. Finally, Raymond James restated a “strong-buy” rating on shares of EOG Resources in a report on Tuesday, May 20th. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, EOG Resources presently has a consensus rating of “Moderate Buy” and an average target price of $139.79.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $110.22 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company has a market cap of $60.15 billion, a P/E ratio of 8.87, a P/E/G ratio of 3.58 and a beta of 0.78. The firm’s fifty day moving average is $114.71 and its two-hundred day moving average is $123.89. EOG Resources has a 52-week low of $102.52 and a 52-week high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.12. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. EOG Resources’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.82 EPS. As a group, analysts anticipate that EOG Resources will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be given a $0.975 dividend. The ex-dividend date is Thursday, July 17th. This represents a $3.90 annualized dividend and a yield of 3.54%. EOG Resources’s dividend payout ratio (DPR) is 36.18%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EOG. Financial Life Planners bought a new position in shares of EOG Resources during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd raised its stake in shares of 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 worth $25,000 after acquiring an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new position in shares of EOG Resources during the 4th quarter worth approximately $25,000. Banque Cantonale Vaudoise acquired a new position in EOG Resources during the 1st quarter valued at approximately $26,000. Finally, Keystone Financial Group Inc. acquired a new position in EOG Resources during the 4th quarter valued at approximately $27,000. Institutional investors 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.