EOG Resources (NYSE:EOG) Price Target Raised to $147.00 at Mizuho

EOG Resources (NYSE:EOG) had its price objective hoisted by Mizuho from $146.00 to $147.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the energy exploration company’s stock.

Several other research analysts also recently weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Roth Mkm restated a “neutral” rating and issued a $110.00 target price on shares of EOG Resources in a research note on Wednesday, February 25th. Wolfe Research upped their target price on EOG Resources from $140.00 to $152.00 in a research report on Monday, March 9th. Capital One Financial cut their price target on EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Finally, JPMorgan Chase & Co. lifted their price target on EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $145.04.

EOG Resources Trading Down 2.8%

EOG Resources stock opened at $140.52 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The firm has a market cap of $75.28 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 3.10 and a beta of 0.32. EOG Resources has a 1 year low of $101.59 and a 1 year high of $151.87. The firm’s 50 day moving average price is $125.64 and its two-hundred day moving average price is $114.40.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.74 EPS. On average, research analysts predict that EOG Resources will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s dividend payout ratio is presently 44.79%.

Insider Activity

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the sale, the chief operating officer owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. This trade represents a 3.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 12,532 shares of company stock worth $1,666,045. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in EOG. Sivia Capital Partners LLC acquired a new stake in shares of EOG Resources in the second quarter worth $258,000. Scotia Capital Inc. grew its stake in EOG Resources by 57.6% in the 2nd quarter. Scotia Capital Inc. now owns 3,367 shares of the energy exploration company’s stock valued at $403,000 after buying an additional 1,231 shares during the last quarter. Quantbot Technologies LP bought a new position in EOG Resources in the 2nd quarter worth $349,000. Beacon Pointe Advisors LLC raised its holdings in EOG Resources by 4.6% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 47,150 shares of the energy exploration company’s stock worth $5,640,000 after acquiring an additional 2,082 shares during the period. Finally, Nicolet Bankshares Inc. lifted its position in EOG Resources by 2.3% during the 2nd quarter. Nicolet Bankshares Inc. now owns 6,566 shares of the energy exploration company’s stock worth $785,000 after acquiring an additional 146 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources News Roundup

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: Multiple brokerages raised price targets today (BMO to $160/outperform; Stephens to $170; Piper Sandler and Mizuho to ~$147) — signals analyst confidence and possible upside over time. BMO raises PT to $160 Stephens raises PT to $170 Piper Sandler raises PT to $147 Mizuho raises PT on EBITDA outlook
• Neutral Sentiment: Consensus analyst stance remains mixed-to-cautious (average “Hold” and Citi “Hold”), which could limit immediate upside despite the target increases. Average recommendation “Hold” Citi assigns Hold
• Negative Sentiment: Crude oil prices fell after reports President Trump said Iran asked for a cease-fire and other headlines suggesting a quicker end to the Iran conflict; Brent and WTI slid below recent levels, removing a key commodity catalyst and pressuring EOG shares today. Oil Prices Fall on Fresh Hopes for a Swift End to Iran War Trump Says Iran Has Asked for a Cease-Fire

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.