EOG Resources, Inc. (NYSE:EOG) Given Average Rating of “Hold” by Brokerages

Shares of EOG Resources, Inc. (NYSE:EOG) have been given an average rating of “Hold” by the twenty-nine ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $134.0741.

A number of research firms have recently issued reports on EOG. Zacks Research lowered EOG Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Barclays lowered their price objective on shares of EOG Resources from $136.00 to $133.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 21st. Wells Fargo & Company restated an “overweight” rating and set a $127.00 price objective (up previously from $126.00) on shares of EOG Resources in a research report on Tuesday, January 27th. Raymond James Financial restated a “strong-buy” rating and issued a $153.00 target price on shares of EOG Resources in a research note on Wednesday, December 3rd. Finally, Mizuho set a $134.00 price target on shares of EOG Resources and gave the stock a “neutral” rating in a research note on Friday, December 12th.

EOG Resources Price Performance

Shares of EOG opened at $113.93 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. EOG Resources has a fifty-two week low of $101.59 and a fifty-two week high of $135.87. The firm has a 50-day simple moving average of $107.56 and a 200-day simple moving average of $111.45. The company has a market capitalization of $61.82 billion, a price-to-earnings ratio of 11.35 and a beta of 0.49.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the transaction, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. This represents a 3.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Institutional Trading of EOG Resources

A number of institutional investors have recently modified their holdings of the business. Hemington Wealth Management lifted its holdings in EOG Resources by 7.2% in the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after acquiring an additional 93 shares during the period. Bollard Group LLC lifted its stake in shares of EOG Resources by 0.8% in the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after purchasing an additional 93 shares during the period. apricus wealth LLC boosted its holdings in EOG Resources by 5.0% during the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock worth $224,000 after buying an additional 95 shares in the last quarter. Sowell Financial Services LLC grew its position in EOG Resources by 1.6% during the third quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock worth $699,000 after buying an additional 96 shares during the period. Finally, Hardy Reed LLC increased its holdings in EOG Resources by 4.5% in the third quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock valued at $254,000 after buying an additional 97 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

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.