EOG Resources (NYSE:EOG) PT Lowered to $135.00 at JPMorgan Chase & Co.

EOG Resources (NYSE:EOG) had its target price reduced by JPMorgan Chase & Co. from $143.00 to $135.00 in a report issued on Thursday morning, Benzinga reports. They currently have a neutral rating on the energy exploration company’s stock.

Several other equities analysts have also commented on EOG. StockNews.com upgraded shares of EOG Resources from a hold rating to a buy rating in a report on Monday, August 5th. Wolfe Research initiated coverage on EOG Resources in a research note on Thursday, July 18th. They set a peer perform rating on the stock. Royal Bank of Canada reaffirmed a sector perform rating and issued a $147.00 price objective on shares of EOG Resources in a research note on Wednesday, July 10th. UBS Group lifted their price objective on shares of EOG Resources from $166.00 to $167.00 and gave the company a buy rating in a report on Tuesday, August 20th. Finally, Susquehanna cut their price target on EOG Resources from $159.00 to $158.00 and set a positive rating on the stock in a report on Wednesday, September 4th. Thirteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $143.63.

EOG Resources Price Performance

EOG stock opened at $119.37 on Thursday. EOG Resources has a 52-week low of $108.94 and a 52-week high of $139.67. The business has a fifty day moving average of $125.93 and a two-hundred day moving average of $126.34. The stock has a market cap of $67.87 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 2.95 and a beta of 1.28. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period last year, the company earned $2.49 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, research analysts anticipate that EOG Resources will post 12.2 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the sale, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the transaction, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is owned by insiders.

Institutional Investors Weigh In On EOG Resources

Several hedge funds have recently modified their holdings of the stock. Wright Investors Service Inc. raised its position in EOG Resources by 0.8% during the 1st quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock worth $1,299,000 after buying an additional 80 shares during the last quarter. CVA Family Office LLC raised its holdings in EOG Resources by 11.0% during the second quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock worth $103,000 after purchasing an additional 81 shares in the last quarter. Bailard Inc. boosted its holdings in EOG Resources by 0.4% in the 2nd quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock valued at $2,505,000 after purchasing an additional 81 shares in the last quarter. Field & Main Bank increased its position in EOG Resources by 1.4% during the 1st quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock worth $788,000 after purchasing an additional 83 shares during the period. Finally, PDS Planning Inc increased its position in EOG Resources by 4.1% during the 1st quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock worth $275,000 after purchasing an additional 84 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

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.