EOG Resources (NYSE:EOG) Price Target Lowered to $133.00 at Barclays

EOG Resources (NYSE:EOG) had its target price lowered by Barclays from $136.00 to $133.00 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm currently has an equal weight rating on the energy exploration company’s stock.

A number of other equities analysts have also weighed in on the stock. Wolfe Research decreased their price target on shares of EOG Resources from $138.00 to $134.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. BMO Capital Markets reduced their target price on EOG Resources from $126.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, January 12th. Wells Fargo & Company lowered their price target on EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. The Goldman Sachs Group cut their price objective on EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Finally, Mizuho set a $134.00 price objective on EOG Resources and gave the company a “neutral” rating in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat.com, EOG Resources has a consensus rating of “Hold” and a consensus target price of $135.56.

EOG Resources Trading Up 1.7%

NYSE EOG opened at $107.97 on Wednesday. EOG Resources has a 12 month low of $101.59 and a 12 month high of $136.20. The company has a 50-day moving average of $106.78 and a 200-day moving average of $112.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The company has a market cap of $58.59 billion, a P/E ratio of 10.75, a P/E/G ratio of 8.82 and a beta of 0.49.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The business had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the company earned $2.89 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, equities analysts predict that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief operating officer owned 54,979 shares in the company, valued at $5,810,180.72. The trade was a 3.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

Institutional Trading of EOG Resources

Large investors have recently modified their holdings of the business. Capital World Investors boosted its holdings in EOG Resources by 1.4% in the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after purchasing an additional 782,426 shares during the last quarter. Capital Research Global Investors raised its position in shares of EOG Resources by 0.5% in the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock valued at $2,794,784,000 after purchasing an additional 122,486 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of EOG Resources by 4.2% in the 2nd quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock valued at $736,712,000 after purchasing an additional 249,984 shares in the last quarter. Northern Trust Corp boosted its stake in shares of EOG Resources by 0.8% during the 3rd quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company’s stock valued at $669,911,000 after buying an additional 49,987 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of EOG Resources by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock worth $669,727,000 after buying an additional 344,291 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.