EOG Resources (NYSE:EOG) Price Target Cut to $115.00 by Analysts at JPMorgan Chase & Co.

EOG Resources (NYSE:EOG) had its price objective trimmed by JPMorgan Chase & Co. from $121.00 to $115.00 in a report released on Friday,MarketScreener reports. The brokerage currently has a neutral rating on the energy exploration company’s stock.

EOG has been the subject of several other reports. Sanford C. Bernstein reissued a “market perform” rating and set a $126.00 price objective (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. Johnson Rice cut their target price on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a research report on Friday, December 5th. Piper Sandler cut their price objective on EOG Resources from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Capital One Financial reduced their price objective on EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Finally, Barclays dropped their target price on EOG Resources from $136.00 to $133.00 and set an “equal weight” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $134.89.

EOG Resources Stock Up 1.8%

EOG stock opened at $108.26 on Friday. EOG Resources has a 1-year low of $101.59 and a 1-year high of $135.87. The business has a fifty day moving average price of $106.68 and a 200-day moving average price of $112.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The stock has a market capitalization of $58.74 billion, a P/E ratio of 10.78, a P/E/G ratio of 8.83 and a beta of 0.49.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the firm posted $2.89 earnings per share. EOG Resources’s revenue was down 2.0% compared to the same quarter last year. Equities analysts forecast that EOG Resources will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is currently 40.64%.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at $5,810,180.72. The trade was a 3.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On EOG Resources

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in shares of EOG Resources by 50.2% during the 4th quarter. Farther Finance Advisors LLC now owns 10,375 shares of the energy exploration company’s stock valued at $1,089,000 after buying an additional 3,466 shares in the last quarter. Tyche Wealth Partners LLC bought a new position in shares of EOG Resources in the fourth quarter worth about $281,000. Assetmark Inc. grew its position in shares of EOG Resources by 18.9% during the fourth quarter. Assetmark Inc. now owns 152,199 shares of the energy exploration company’s stock worth $15,982,000 after purchasing an additional 24,140 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of EOG Resources by 8.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 660,273 shares of the energy exploration company’s stock worth $69,335,000 after purchasing an additional 53,934 shares in the last quarter. Finally, Clear Creek Financial Management LLC raised its stake in EOG Resources by 4.8% during the 4th quarter. Clear Creek Financial Management LLC now owns 6,760 shares of the energy exploration company’s stock valued at $710,000 after purchasing an additional 309 shares during the period. 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.