EOG Resources (NYSE:EOG) Price Target Raised to $135.00 at The Goldman Sachs Group

EOG Resources (NYSE:EOG) had its price objective increased by The Goldman Sachs Group from $133.00 to $135.00 in a research report report published on Tuesday,MarketScreener reports. The Goldman Sachs Group currently has a neutral rating on the energy exploration company’s stock.

A number of other equities research analysts also recently weighed in on the stock. Zacks Research raised shares of EOG Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. KeyCorp downgraded shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. Wells Fargo & Company raised their target price on shares of EOG Resources from $155.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Wolfe Research raised their target price on shares of EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Finally, Roth Mkm raised their target price on shares of EOG Resources from $110.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. One investment 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’s stock. According to MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and an average price target of $153.11.

EOG Resources Trading Up 2.7%

Shares of EOG opened at $132.68 on Tuesday. The firm’s 50 day simple moving average is $132.82 and its 200 day simple moving average is $116.46. The company has a market capitalization of $71.08 billion, a P/E ratio of 14.56, a P/E/G ratio of 2.58 and a beta of 0.32. 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.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. EOG Resources’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm posted $2.74 earnings per share. Sell-side analysts forecast that EOG Resources will post 13.4 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared 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 of this dividend 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 44.79%.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction that occurred 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 transaction, 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. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 18,230 shares of company stock worth $2,522,568 over the last three months. Insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Capital World Investors grew its holdings in shares of EOG Resources by 1.4% in 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 purchasing an additional 782,426 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of EOG Resources by 0.8% in 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 purchasing an additional 446,341 shares during the last quarter. State Street Corp grew its holdings in shares of EOG Resources by 0.3% in 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 purchasing an additional 100,080 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of EOG Resources by 0.5% in 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 purchasing an additional 122,486 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of EOG Resources by 1.9% in 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 purchasing an additional 371,548 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other 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.