EOG Resources (NYSE:EOG) Price Target Cut to $158.00 by Analysts at Susquehanna

EOG Resources (NYSE:EOG) had its target price trimmed by Susquehanna from $159.00 to $158.00 in a research report released on Wednesday, Benzinga reports. The firm currently has a positive rating on the energy exploration company’s stock.

Several other brokerages also recently weighed in on EOG. Truist Financial dropped their target price on EOG Resources from $136.00 to $130.00 and set a hold rating on the stock in a research note on Monday, July 22nd. UBS Group upped 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. StockNews.com upgraded shares of EOG Resources from a hold rating to a buy rating in a research note on Monday, August 5th. Scotiabank cut their price target on shares of EOG Resources from $155.00 to $150.00 and set a sector perform rating on the stock in a research note on Friday, July 12th. Finally, Bank of America reiterated a buy rating and set a $151.00 price objective on shares of EOG Resources in a research note on Friday, June 14th. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $143.95.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $122.78 on Wednesday. The company has a market capitalization of $70.56 billion, a PE ratio of 9.70, a P/E/G ratio of 3.22 and a beta of 1.30. The company has a 50-day simple moving average of $126.84 and a two-hundred day simple moving average of $125.98. EOG Resources has a one year low of $108.94 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12.

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

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

Insider Activity at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the company’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 $9,615,375. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now directly owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is owned by company insiders.

Institutional Trading of EOG Resources

Institutional investors and hedge funds have recently modified their holdings of the stock. Riverview Trust Co purchased a new stake in EOG Resources during the 2nd quarter worth approximately $27,000. MFA Wealth Advisors LLC purchased a new stake in shares of EOG Resources during the second quarter worth approximately $28,000. Gladius Capital Management LP acquired a new position in EOG Resources in the 2nd quarter valued at $30,000. Sachetta LLC purchased a new position in EOG Resources in the 4th quarter valued at $33,000. Finally, Triad Wealth Partners LLC acquired a new stake in EOG Resources during the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

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.