EOG Resources (NYSE:EOG) Given New $170.00 Price Target at Jefferies Financial Group

EOG Resources (NYSE:EOG) had its target price boosted by Jefferies Financial Group from $146.00 to $170.00 in a research report released on Monday morning,MarketScreener reports. Jefferies Financial Group currently has a buy rating on the energy exploration company’s stock.

A number of other analysts have also recently weighed in on EOG. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $126.00 price target (down from $144.00) on shares of EOG Resources in a research report on Monday, January 5th. Roth Mkm reaffirmed a “neutral” rating and issued a $110.00 price target on shares of EOG Resources in a research report on Wednesday, February 25th. Stephens boosted their price target on EOG Resources from $139.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 31st. UBS Group boosted their price target on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Capital One Financial boosted their price target on EOG Resources from $130.00 to $161.00 and gave the stock an “overweight” rating in a research report on Thursday, March 26th. One 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $150.52.

EOG Resources Price Performance

EOG opened at $136.83 on Monday. The stock has a market cap of $73.30 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 2.84 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 company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average price of $130.57 and a 200 day moving average price of $115.65.

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. Analysts forecast that EOG Resources will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a $1.02 dividend. The ex-dividend date is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. EOG Resources’s payout ratio is presently 44.79%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,230 shares of company stock worth $2,522,568 over the last quarter. 0.14% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EOG Resources

A number of institutional investors have recently made changes to their positions in EOG. Acumen Wealth Advisors LLC bought a new position in EOG Resources during the fourth quarter valued at about $25,000. Prosperity Bancshares Inc bought a new position in EOG Resources during the fourth quarter valued at about $26,000. Nemes Rush Group LLC bought a new position in EOG Resources during the fourth quarter valued at about $30,000. Gen Wealth Partners Inc bought a new position in EOG Resources during the fourth quarter valued at about $30,000. Finally, JCIC Asset Management Inc. bought a new position in EOG Resources during the third quarter valued at about $32,000. 89.91% of the stock is currently owned by 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.