EOG Resources (NYSE:EOG) Given New $142.00 Price Target at Citigroup

EOG Resources (NYSE:EOG) had its price objective reduced by Citigroup from $150.00 to $142.00 in a research note released on Tuesday morning,MarketScreener reports. They currently have a neutral rating on the energy exploration company’s stock.

Several other brokerages also recently weighed in on EOG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a report on Thursday, January 22nd. BMO Capital Markets lifted 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. Zacks Research upgraded shares of EOG Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Royal Bank Of Canada lifted their price objective on shares of EOG Resources from $138.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Finally, Truist Financial began coverage on shares of EOG Resources in a research report on Tuesday, March 24th. They set a “hold” rating and a $146.00 price objective on the stock. 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $150.22.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $133.64 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. EOG Resources has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a market capitalization of $71.59 billion, a P/E ratio of 14.67, a P/E/G ratio of 2.86 and a beta of 0.32. The firm’s 50 day simple moving average is $131.04 and its two-hundred day simple moving average is $115.77.

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, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the previous year, the firm earned $2.74 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Research analysts expect that EOG Resources will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

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. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is presently 44.79%.

Insider Activity at EOG Resources

In related news, 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 value of $856,523.36. Following the sale, the chief operating officer 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 sale 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 the business’s stock in a transaction on Thursday, March 19th. The stock was 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. This represents a 3.99% 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 worth $2,522,568. Company insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

Several large investors have recently bought and sold shares of the business. Purpose Unlimited Inc. bought a new stake in EOG Resources in the fourth quarter worth $471,000. Rockefeller Capital Management L.P. increased 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 worth $84,401,000 after purchasing an additional 194,031 shares during the last quarter. Larry Mathis Financial Planning LLC bought a new stake in EOG Resources in the fourth quarter worth $286,000. Union Savings Bank bought a new stake in EOG Resources in the fourth quarter worth $326,000. Finally, Hsbc Holdings PLC increased its position in EOG Resources by 34.6% in the fourth quarter. Hsbc Holdings PLC now owns 1,956,432 shares of the energy exploration company’s stock worth $205,387,000 after purchasing an additional 502,667 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.