EOG Resources, Inc. (NYSE:EOG) Receives $143.48 Consensus PT from Brokerages

EOG Resources, Inc. (NYSE:EOG) has earned an average rating of “Moderate Buy” from the twenty-two research firms that are currently covering the firm, MarketBeat Ratings reports. Twelve analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $143.71.

Several equities research analysts recently weighed in on EOG shares. Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Tuesday, November 12th. UBS Group reduced their target price on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. JPMorgan Chase & Co. lowered their price target on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, January 3rd. Finally, Piper Sandler lowered their target price on shares of EOG Resources from $149.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th.

Insider Buying and Selling at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction 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 sale, the director now directly owns 43,532 shares in the company, valued at $5,891,185.56. This represents a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EOG. Insight Inv LLC lifted its holdings in EOG Resources by 0.8% during the third quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock valued at $1,154,000 after purchasing an additional 75 shares in the last quarter. Cape ANN Savings Bank lifted its stake in shares of EOG Resources by 0.9% during the 3rd quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company’s stock valued at $1,067,000 after buying an additional 79 shares in the last quarter. Everpar Advisors LLC boosted its holdings in EOG Resources by 3.6% in the 3rd quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock worth $293,000 after buying an additional 83 shares during the period. Altman Advisors Inc. increased its stake in EOG Resources by 0.7% in the 2nd quarter. Altman Advisors Inc. now owns 12,731 shares of the energy exploration company’s stock worth $1,603,000 after buying an additional 85 shares in the last quarter. Finally, X Square Capital LLC raised its holdings in EOG Resources by 2.7% during the second quarter. X Square Capital LLC now owns 3,236 shares of the energy exploration company’s stock valued at $407,000 after acquiring an additional 86 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

EOG Resources stock opened at $128.31 on Monday. EOG Resources has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The stock’s 50 day simple moving average is $127.63 and its two-hundred day simple moving average is $126.63. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock has a market cap of $72.17 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 3.39 and a beta of 1.29.

EOG Resources announced that its board has approved a share repurchase plan on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.975 per share. The ex-dividend date is Friday, January 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a yield of 3.04%. EOG Resources’s payout ratio is currently 31.40%.

About EOG Resources

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.