EOG Resources (NYSE:EOG) Price Target Raised to $167.00 at Sanford C. Bernstein

EOG Resources (NYSE:EOG) had its price objective boosted by Sanford C. Bernstein from $126.00 to $167.00 in a report released on Monday morning,MarketScreener reports. The brokerage currently has a market perform rating on the energy exploration company’s stock.

A number of other equities analysts also recently commented on EOG. Zacks Research raised EOG Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Scotiabank upgraded shares of EOG Resources to a “hold” rating in a research note on Friday, March 27th. Wells Fargo & Company boosted their price target on shares of EOG Resources from $155.00 to $199.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. JPMorgan Chase & Co. increased their price objective on shares of EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Finally, Capital One Financial raised their price objective on shares of EOG Resources from $130.00 to $161.00 and gave the company an “overweight” rating in a report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $150.52.

EOG Resources Trading Up 0.5%

NYSE:EOG opened at $136.83 on Monday. The firm has a market cap of $73.30 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 2.84 and a beta of 0.32. The stock has a fifty day moving average price of $130.57 and a 200 day moving average price of $115.65. EOG Resources has a 12-month low of $101.59 and a 12-month 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.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.07. The company had revenue of $5.64 billion for 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%.EOG Resources’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.74 EPS. Sell-side analysts anticipate that EOG Resources will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders 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 dividend yield of 3.0%. The ex-dividend date is Thursday, April 16th. EOG Resources’s payout ratio is currently 44.79%.

Insider Buying and Selling at EOG Resources

In related news, CFO Ann D. Janssen sold 4,161 shares of EOG Resources 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 sale, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 completion of the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 18,230 shares of company stock valued at $2,522,568. Company insiders own 0.14% of the company’s stock.

Institutional Trading of EOG Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in EOG. Acumen Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $25,000. Prosperity Bancshares Inc acquired a new position in EOG Resources during the fourth quarter worth approximately $26,000. Nemes Rush Group LLC acquired a new position in EOG Resources during the fourth quarter worth approximately $30,000. Gen Wealth Partners Inc purchased a new stake in EOG Resources in the fourth quarter valued at approximately $30,000. Finally, JCIC Asset Management Inc. purchased a new stake in EOG Resources in the third quarter valued at approximately $32,000. Institutional investors and hedge funds 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.