EOG Resources, Inc. (NYSE:EOG) Receives $143.90 Consensus PT from Analysts

Shares of EOG Resources, Inc. (NYSE:EOG) have earned a consensus rating of “Hold” from the twenty-two ratings firms that are currently covering the firm, Marketbeat Ratings reports. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $143.90.

EOG has been the topic of several analyst reports. Piper Sandler lifted their target price on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $147.00 to $150.00 in a report on Tuesday, December 17th. KeyCorp cut their price target on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Truist Financial boosted their price target on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a report on Monday, January 13th.

EOG Resources Price Performance

Shares of NYSE EOG opened at $125.63 on Friday. The stock’s 50-day moving average is $128.37 and its two-hundred day moving average is $127.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a market cap of $70.66 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 3.46 and a beta of 1.29.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.16. The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.03 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. During the same quarter in the prior year, the business posted $3.44 EPS. Analysts forecast that EOG Resources will post 11.46 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a dividend of $0.975 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 3.10%. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is presently 31.40%.

EOG Resources announced that its Board of Directors has authorized a share repurchase program on Thursday, November 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Insider Transactions at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This represents a 1.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On EOG Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EOG. Global Retirement Partners LLC boosted its stake in shares of EOG Resources by 33.1% during the 4th quarter. Global Retirement Partners LLC now owns 3,869 shares of the energy exploration company’s stock worth $474,000 after acquiring an additional 962 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of EOG Resources during the 4th quarter worth $752,000. Davidson Investment Advisors boosted its stake in shares of EOG Resources by 0.5% during the 4th quarter. Davidson Investment Advisors now owns 165,495 shares of the energy exploration company’s stock worth $20,286,000 after acquiring an additional 823 shares in the last quarter. Waycross Partners LLC boosted its stake in shares of EOG Resources by 3.0% during the 4th quarter. Waycross Partners LLC now owns 98,472 shares of the energy exploration company’s stock worth $12,071,000 after acquiring an additional 2,862 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new stake in shares of EOG Resources during the 4th quarter worth $67,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.