EOG Resources, Inc. (NYSE:EOG) Receives Average Recommendation of “Hold” from Brokerages

Shares of EOG Resources, Inc. (NYSE:EOG) have received a consensus rating of “Hold” from the thirty ratings firms that are covering the stock, Marketbeat reports. Seventeen analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $138.9286.

Several research analysts have recently weighed in on the stock. Citigroup reiterated a “neutral” rating and set a $115.00 price target (down previously from $125.00) on shares of EOG Resources in a research note on Wednesday. Wells Fargo & Company lowered their target price on EOG Resources from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Morgan Stanley boosted their price target on EOG Resources from $136.00 to $138.00 and gave the company an “equal weight” rating in a report on Thursday, November 20th. Siebert Williams Shank decreased their price objective on EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Finally, Evercore ISI lifted their price objective on EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a research report on Monday, October 6th.

Institutional Trading of EOG Resources

Institutional investors and hedge funds have recently modified their holdings of the company. StrongBox Wealth LLC increased its stake in EOG Resources by 1.9% in the 2nd quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock worth $576,000 after acquiring an additional 88 shares during the last quarter. ORG Partners LLC grew its holdings in shares of EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after purchasing an additional 88 shares in the last quarter. Ameriflex Group Inc. increased its position in EOG Resources by 31.6% in the second quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock worth $46,000 after purchasing an additional 91 shares during the last quarter. Hemington Wealth Management raised its stake in EOG Resources by 7.2% during the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after purchasing an additional 93 shares in the last quarter. Finally, Bollard Group LLC raised its stake in EOG Resources by 0.8% during the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after purchasing an additional 93 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Price Performance

NYSE EOG opened at $101.94 on Monday. The company has a 50-day moving average price of $107.32 and a 200-day moving average price of $114.79. EOG Resources has a 52 week low of $101.59 and a 52 week high of $138.18. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $55.31 billion, a P/E ratio of 10.15, a PEG ratio of 7.71 and a beta of 0.49.

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

EOG Resources Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 4.0%. EOG Resources’s payout ratio is currently 40.64%.

About EOG Resources

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.