EOG Resources (NYSE:EOG) Price Target Raised to $162.00 at Susquehanna

EOG Resources (NYSE:EOG) had its target price boosted by Susquehanna from $144.00 to $162.00 in a report released on Tuesday,MarketScreener reports. The firm currently has a positive rating on the energy exploration company’s stock.

EOG has been the subject of several other research reports. UBS Group increased their price objective on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Williams Trading set a $177.00 price objective on EOG Resources in a research report on Monday. Scotiabank upgraded EOG Resources to a “hold” rating in a research report on Friday, March 27th. Citigroup cut their price objective on EOG Resources from $150.00 to $142.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Finally, Wells Fargo & Company increased their price objective on EOG Resources from $155.00 to $199.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. One 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 data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $153.11.

EOG Resources Trading Up 2.7%

NYSE:EOG opened at $132.68 on Tuesday. The stock has a fifty day moving average price of $132.82 and a two-hundred day moving average price of $116.46. The stock has a market capitalization of $71.08 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 2.58 and a beta of 0.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. EOG Resources has a 1 year low of $101.59 and a 1 year high of $151.87.

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, topping the consensus estimate 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%.EOG Resources’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.74 earnings per share. As a group, sell-side analysts anticipate that EOG Resources will post 13.4 earnings per share 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. Investors 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 dividend on an annualized basis and a dividend yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is presently 44.79%.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction on Tuesday, March 31st. The stock was 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 $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 Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 18,230 shares of company stock worth $2,522,568. Corporate insiders own 0.14% of the company’s stock.

Institutional Trading of EOG Resources

A number of large investors have recently made changes to their positions in the stock. Sivia Capital Partners LLC acquired a new stake in EOG Resources in the 2nd quarter worth about $258,000. Quantbot Technologies LP acquired a new stake in EOG Resources in the 2nd quarter worth about $349,000. Gamco Investors INC. ET AL boosted its stake in EOG Resources by 216.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after buying an additional 4,485 shares during the last quarter. NewEdge Advisors LLC boosted its stake in EOG Resources by 2.0% in the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after buying an additional 444 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in EOG Resources by 4.4% in the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after buying an additional 15,250 shares during the last quarter. 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.