EOG Resources (NYSE:EOG) Given New $154.00 Price Target at Wolfe Research

EOG Resources (NYSE:EOG) had its price objective boosted by Wolfe Research from $152.00 to $154.00 in a research report sent to investors on Monday morning,MarketScreener reports. They currently have an outperform rating on the energy exploration company’s stock.

Several other analysts have also recently issued reports on the stock. Raymond James Financial upped their price target on shares of EOG Resources from $157.00 to $185.00 and gave the company a “strong-buy” rating in a report on Friday, March 27th. Morgan Stanley upped their price target on shares of EOG Resources from $128.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, March 27th. BMO Capital Markets upped their price target on shares of EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. Truist Financial started coverage on shares of EOG Resources in a report on Tuesday, March 24th. They issued a “hold” rating and a $146.00 price target on the stock. Finally, The Goldman Sachs Group cut their price target on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $145.11.

EOG Resources Trading Up 0.3%

NYSE EOG opened at $143.02 on Monday. The stock has a market cap of $76.62 billion, a P/E ratio of 15.70, a PEG ratio of 3.03 and a beta of 0.32. The company’s fifty day simple moving average is $127.76 and its 200-day simple moving average is $114.86. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. EOG Resources has a 52 week low of $101.59 and a 52 week high of $151.87.

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

EOG Resources Dividend Announcement

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 paid a dividend of $1.02 per share. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 2.9%. EOG Resources’s payout ratio is presently 44.79%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the sale, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 18,230 shares of company stock valued at $2,522,568. 0.13% of the stock is owned by insiders.

Institutional Trading of EOG Resources

Several institutional investors have recently added to or reduced their stakes in the business. Capital World Investors grew its position in shares of EOG Resources by 1.4% during the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after acquiring an additional 782,426 shares during the last quarter. Vanguard Group Inc. grew its position in shares of EOG Resources by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after acquiring an additional 446,341 shares during the last quarter. State Street Corp grew its position in shares of EOG Resources by 0.3% during the fourth quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock worth $3,209,365,000 after acquiring an additional 100,080 shares during the last quarter. Capital Research Global Investors grew its position in shares of EOG Resources by 0.5% during the third quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock worth $2,794,784,000 after acquiring an additional 122,486 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of EOG Resources by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock worth $2,099,028,000 after acquiring an additional 371,548 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

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.