Citigroup Issues Positive Forecast for EOG Resources (NYSE:EOG) Stock Price

EOG Resources (NYSE:EOG) had its target price hoisted by Citigroup from $115.00 to $150.00 in a research report released on Monday morning,Benzinga reports. They currently have a neutral rating on the energy exploration company’s stock.

Other analysts also recently issued reports about the stock. Truist Financial started coverage on shares of EOG Resources in a research report on Tuesday, March 24th. They issued a “hold” rating and a $146.00 target price for the company. Morgan Stanley upped their price objective on shares of EOG Resources from $128.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday. Royal Bank Of Canada set a $138.00 target price on EOG Resources and gave the company an “outperform” rating in a report on Tuesday, January 13th. Raymond James Financial upped their price target on EOG Resources from $153.00 to $157.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 13th. Finally, Mizuho raised their price objective on EOG Resources from $134.00 to $146.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $140.81.

EOG Resources Trading Up 0.3%

NYSE:EOG opened at $150.01 on Monday. The stock has a market cap of $80.48 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 3.48 and a beta of 0.44. EOG Resources has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The stock’s 50-day moving average is $124.23 and its two-hundred day moving average is $114.03.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm earned $2.74 earnings per share. As a group, equities research analysts forecast that EOG Resources will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.7%. EOG Resources’s dividend payout ratio is 44.79%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total value of $260,000.00. Following the completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at approximately $11,445,850. This trade represents a 2.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. The trade was a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,532 shares of company stock worth $1,877,405 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Institutional Trading of EOG Resources

Institutional investors have recently made changes to their positions in the business. Purpose Unlimited Inc. bought a new position in shares of EOG Resources during the 4th quarter worth approximately $471,000. Rockefeller Capital Management L.P. grew its position in EOG Resources by 31.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 803,738 shares of the energy exploration company’s stock valued at $84,401,000 after acquiring an additional 194,031 shares during the period. Larry Mathis Financial Planning LLC bought a new stake in EOG Resources in the fourth quarter valued at $286,000. Union Savings Bank acquired a new position in EOG Resources during the fourth quarter worth $326,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of EOG Resources by 34.6% during the fourth quarter. Hsbc Holdings PLC now owns 1,956,432 shares of the energy exploration company’s stock valued at $205,387,000 after acquiring an additional 502,667 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

About EOG Resources

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.