EOG Resources (NYSE:EOG – Get Free Report) was downgraded by investment analysts at Roth Capital from a “buy” rating to a “neutral” rating in a report issued on Wednesday, MarketBeat.com reports. They presently have a $134.00 target price on the energy exploration company’s stock, down from their prior target price of $140.00. Roth Capital’s price target would suggest a potential upside of 9.97% from the company’s previous close.
Several other equities research analysts have also issued reports on EOG. Citigroup lowered their price target on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Piper Sandler lowered their price target on shares of EOG Resources from $135.00 to $133.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley set a $135.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a research note on Monday, June 2nd. KeyCorp lowered their price target on shares of EOG Resources from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Finally, Barclays lifted their price target on shares of EOG Resources from $137.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, June 2nd. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, EOG Resources has an average rating of “Hold” and a consensus price target of $139.00.
Get Our Latest Report on EOG Resources
EOG Resources Trading Down 0.0%
EOG Resources (NYSE:EOG – Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.75 by $0.12. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The firm’s revenue 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. Equities research analysts predict that EOG Resources will post 11.47 EPS for the current year.
Insider Buying and Selling
In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the company’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the transaction, the chief operating officer owned 45,739 shares in the company, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Moody National Bank Trust Division grew its stake in EOG Resources by 4.0% in the 2nd quarter. Moody National Bank Trust Division now owns 11,624 shares of the energy exploration company’s stock valued at $1,390,000 after buying an additional 443 shares during the last quarter. Global Financial Private Client LLC grew its stake in EOG Resources by 3.1% in the 2nd quarter. Global Financial Private Client LLC now owns 6,813 shares of the energy exploration company’s stock valued at $815,000 after buying an additional 208 shares during the last quarter. Rockland Trust Co. boosted its holdings in EOG Resources by 4.2% in the 2nd quarter. Rockland Trust Co. now owns 234,361 shares of the energy exploration company’s stock valued at $28,032,000 after purchasing an additional 9,473 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in EOG Resources by 34.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 218,275 shares of the energy exploration company’s stock valued at $26,881,000 after purchasing an additional 55,672 shares during the period. Finally, Wedmont Private Capital boosted its holdings in EOG Resources by 15.2% in the 2nd quarter. Wedmont Private Capital now owns 7,784 shares of the energy exploration company’s stock valued at $949,000 after purchasing an additional 1,029 shares during the period. Institutional investors and hedge funds 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.
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